Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus. This plays into the myth that a cure for COVID-19 will cure the economy. But there is plenty of evidence suggesting the damage to the economy is deep and will likely have long-lasting impacts […]
Consumer prices excluding food and energy rose the most in one month in nearly 30 years in July, but the unexpected increase is seen more as a recovery from the Covid-19 recessionary hit rather than the start of an inflationary spiral. Core inflation, less food and energy, was up 0.6%, […]
Price rise is being driven by investors adding the metal to long-term portfolios Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. […]
There’s nothing unprecedented about Covid-19 itself. The equally novel, equally infectious Asian flu of 1957 had commensurate fatalities in Britain: scaled up for today’s population, the equivalent of 42,000, while the UK’s (statistically flawed) Covid death total now stands at 46,000. Globally, the Asian flu was vastly more lethal, causing […]
Turns out our late-night tweets may have consequences after all. ELEMENTARY SCHOOL SCIENCE TEACHES US THAT THERE ARE FOUR TYPES OF MATTER: solid, liquid, gas, and plasma. But a new theoretical study says that the fifth form of matter has been lurking right under our noses and has the potential to […]
New research suggests that some of us may be partially protected due to past encounters with common cold coronaviruses When researcher Monica Gandhi began digging deeper into outbreaks of the novel coronavirus, she was struck by the extraordinarily high number of infected people who had no symptoms. A Boston homeless […]
History doesn’t support the idea that countries “stumble” into major conflict. U.S.-China relations are deteriorating by the day, and the bad news is that the two countries could end up fighting in the coming decade. The good news is that such a war won’t start by accident. There is a […]
Just a month ago, Sweden was labeled the “world’s cautionary tale” for its laissez-faire approach to fighting the coronavirus. It famously decided not to close its schools, restaurants or bars, and it told its citizens that there’s no need to mask-up. When the death toll surged in late April, and […]
Authored by John Miltimore via The Foundation for Economic Education, Denmark boasts one of the lowest COVID-19 death rates in the world. As of August 4, the Danes have suffered 616 COVID-19 deaths, according to figures from Johns Hopkins University. That’s less than one-third of the number of Danes who […]
Are the underlying mechanics of the largest gold ETF a cause for concern? Exchange-Traded Funds (ETFs) are an important element in the global gold market. The largest gold ETF is the “SPDR Gold Trust,” which is traded on the New York Stock Exchange Arca (NYSE Arca) under the symbol “GLD.” In […]