According to a recent CNBC report, the Federal Reserve is set to make a major commitment to “ramping up inflation.” According to the report, the Fed will pivot to “average inflation targeting.” With this strategy “inflation above the central bank’s usual 2% target would be tolerated and even desired.” Practically […]
Silver futures were up 25% in July, the second-biggest monthly gain for the white metal on record. And silver is still significantly undervalued compared to gold. The spot price of the white metal gained even more than silver futures last month. When gold pushed above its previous record price last […]
Gold broke through $1,900 on Friday morning and kept pushing upward, setting an all-time record during Asian trading hours on Monday. Gold was trading as high as $1,944 an ounce early Monday. The previous record price for gold came in the third quarter of 2011 at just over $1,920 an […]
Jim Grant has long been skeptical of the mechanization of the Federal Reserve. He was warning about the distortions created in the markets and broader economy caused by the central bank’s monetary policy long before the monetary Hail Mary it threw up in response to the coronavirus pandemic. Last month, […]
Permanent business closures are rising as the economic impacts of the coronavirus-induced government shutdowns continue to ripple through the economy. This is yet another sign that the promised “v-shaped” economic recovery will likely never materialize. Business closures on Yelp peaked about 177,000 on April 19 and fell to 132,500 as […]
Peter Schiff recently did an interview with Johnny Bravo. They talked about the gold standard, inflation, the looming dollar crisis, presidential politics, and the foolishness of Modern monetary theory. Johnny opened up the show declaring that governments will never allow a gold standard. They hate gold. Why? The reason that […]
Over the last few weeks, a number of mainstream banks and financial institutions have issued bullish outlooks for gold, forecasting record prices. Citibank projects $2,000 gold by early next year. Goldman Sachs now sees record gold prices within the next 12 months. And Bank of America released a note saying […]
Citibank has joined other mainstream gold bulls calling for record gold prices. Citi raised its gold price forecast this week. It now projects a three-month price of $1,825 per ounce and for the yellow metal to head into record territory in 2021. Citi analysts expect gold to eclipse the $2,000 […]
Even the mainstream is getting bullish on gold. Goldman Sachs now forecasts record gold prices within the next 12 months. Goldman analysts say gold will likely reach $2,000 per ounce within the next year thanks to ultra-low interest rates and concerns over currency debasement. The investment bank raised its 12-month […]
Over the last several decades, the Federal Reserve and the US government have almost exclusively directed their policies toward “stimulating” spending. Artificially low interest rates incentivize borrowing and discourage savings. But spending money isn’t the only thing that makes the economy go around. Savings are crucial and the lack of […]