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
Dow plunges more than 800 points as pandemic fears rise

Dow plunges more than 800 points as pandemic fears rise

 (Reuters) - The Dow Jones Industrials fell more than 800 points within minutes of the market open on Monday as investors scurried to safer assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global growth.

February 24, 2020 0 Comments

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