Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices

Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices

“We are seeing very substantial inflation,” Warren Buffett said at the conglomerate’s annual shareholder meeting Saturday. “We are raising prices. People are raising prices to us and it’s being accepted.”
May 5, 2021 0 Comments
Mints are running out of gold; not enough physical silver to cover paper - former U.S. Mint Director

Mints are running out of gold; not enough physical silver to cover paper - former U.S. Mint Director

"Not only the U.S. Mint, but other Mints around the world, Australia's Perth Mint, the Mexican Mint, have all run out of gold, they can't keep it in spot and there's so many shortages retailers are having problems accessing that gold," Moy told Michelle Makori, Kitco's editor-in-chief.
April 30, 2021 0 Comments
Russian National Wealth Fund Turning to Gold, Dumping Dollars

Russian National Wealth Fund Turning to Gold, Dumping Dollars

The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund.
April 5, 2021 0 Comments
Here’s how far the Nasdaq could fall if bond yields reach 2%

Here’s how far the Nasdaq could fall if bond yields reach 2%

So analysts are now modelling just how far techs could fall if bond yields keep rising. Joe Kalish, chief global macro strategist at Ned Davis Research, says the Nasdaq 100 could fall 20% from its peak if the 10-year Treasury reaches 2%. (The index is already down 6% from its peak.)
March 12, 2021 0 Comments

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