U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

When investors become increasingly concerned about the financial system, they rush into physical precious metals.  And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of March versus the entire month of February.  The U.S. Mint hasn’t seen this type of buying for several years.
March 5, 2020 0 Comments
Fed cuts interest rate half a percentage point, largest emergency cut since the financial crisis

Fed cuts interest rate half a percentage point, largest emergency cut since the financial crisis

The Federal Reserve slashed the benchmark U.S. interest rate by half a percentage point Tuesday, the biggest cut since the financial crisis and a sign that global central banks are prepared to act to contain the economic fallout from the coronavirus.
March 3, 2020 0 Comments
Virus Pushes the Global Economy Closer to a Contraction

Virus Pushes the Global Economy Closer to a Contraction

Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond to a fast-changing situation, according to the OECD.
March 2, 2020 0 Comments
Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse

“We will reach a tipping point when investors will awake to the rising tide of defaults and downgrades,” he wrote in a letter from the World Economic Forum meeting. “The timing is hard to predict, but this reminds me a lot of the lead-up to the 2001 and 2002 recession.”
January 27, 2020 0 Comments

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