The recent economic downturn has created the environment for a new round of bailouts by the government and the Fed. Last time they did this they told us it would be the last one, but anyone who knows our history knew that was not going to stand. Now we are […]
After the 9/11 terror attacks, when our privacies were permanently revoked, and we entered into “a war which would never end in our lifetimes”, Bush II proclaimed “They hate us because of our freedoms”. Some critics thought that was an almost nonsensical statement to make, while the credulous took it […]
The intractable Great Depression some 85 years ago led to the intellectual thought that perhaps it’s possible for a government to “policy” its way out of a deep economic hole. The question is, can economic growth be created out of thin air by passing a resolution or law, or by […]
(Kitco News) — Equities of gold-mining companies still appear undervalued based on a historical comparison of where they were trading relative to the price of gold during the last bull-market cycle, said Caesar Bryan, portfolio manager of the Gabelli Gold Fund (symbol GOLDX for AAA shares and GLDIX for institutional class of shares). Meanwhile, […]
For thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets and central banks continue to print money, which supports these bubbles. This is an unsustainable situation; and when the bubbles burst the gold price will rise. Gold […]
With the electric vehicle sector established in China, Europe looks poised to see the same due to a program designed to kick-start the automotive industry after COVID-19 disruptions. The COO of Pilbara Minerals, Dale Henderson, spoke to Kitco on Wednesday. Pilbara Minerals is an Australian lithium-tantalum producer. The company is […]
This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests […]
MOSCOW, June 23 (RAPSI) — Russia’s President Vladimir Putin has signed a law envisaging the development of an integrated management information system in the sphere of control over the trade in precious metals, gems, and respective wares. The document amending the law on precious metals and gemstones currently in force is published […]
The man behind Sweden’s controversial Covid-19 strategy has characterized lockdowns imposed across much of the globe as a form of “madness” that flies in the face of what is known about handling viral outbreaks. Anders Tegnell, Sweden’s state epidemiologist, said he advised against such restrictions on movement because of the […]
(Kitco News) With the Federal Reserve’s response to the COVID-19 crisis, gold prices are likely to near $1,900 with the potential to go up as high as $3,000 an ounce, according to Edison’s latest gold report. This outlook is based on the projections that the coronavirus crisis is a protracted […]