Yale Economist Warns of Dollar Crash

Yale Economist Warns of Dollar Crash

The coming collapse in saving points to a sharp widening of the current-account deficit, likely taking it well beyond the prior record of -6.3% of GDP that it reached in late 2005. Reserve currency or not, the dollar will not be spared under these circumstances. The key question is what will spark the decline?
June 15, 2020 0 Comments
Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver futures on Friday posted a gain of nearly 24% for the month, the largest since 2011, with the industrial metal finding support as global economies continue to reopen from pandemic-related shutdowns.

Gold futures, meanwhile, rose for Friday’s session buoyed by U.S.-China tensions and global monetary stimulus measures.
May 29, 2020 0 Comments
Fed’s Extreme Measures Are a Very Bad Thing

Fed’s Extreme Measures Are a Very Bad Thing

The Federal Reserve and the US government are rerunning the exact same policies they turned to in the wake of the 2008 financial crisis, but on a much grander scale. We have bigger QE, more money printing, more government spending and bigger deficits. Case in point — the money supply grew at a record rate in April with no sign of slowing down.
May 29, 2020 0 Comments
Bullion Shortage Panic - What To Do

Bullion Shortage Panic - What To Do

An unsurprising consequence of the COVID-19 outbreak and the resulting flood of easy money (dwarfing even that of 2008) is a surge in demand for physical gold and silver. The spike in demand for bullion coins is so strong, some mints sold their entire inventories in record time. This has happened before, but this time, mines around the world are shutting down as whole...
May 22, 2020 0 Comments

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