After multiple failed attempts – even as gold hit new all-time highs – silver has finally begun its long-awaited breakout. But why now? Have the prospects for silver changed dramatically, or is the gray metal’s price rise reflecting something bigger? To unpack the recent silver rally – its near-term drivers and longer-term potential – Kitco […]
Gold has now surpassed the euro to become the number two reserve asset held by central banks, and sustained sovereign buying will likely impact the growth of the global gold supply going forward, according to new data published by the European Central Bank (ECB) on Wednesday. In Gold demand: the role of the official sector and
The very public feud between U.S. President Donald Trump and the world’s richest man, Elon Musk, is now raising questions about the future of the Department of Government Efficiency (DOGE) and its promise to examine America’s gold holdings in Fort Knox. However, Congress does not appear to be giving up on the prospect of a
Forget Elon Musk and DOGE: Now Congress is Looking to Audit America’s Gold in Fort Knox Read More »
Ray Dalio’s interview with Fox’s Maria, June 2, 2025 Ray Dalio: Debt Crisis Issues Are Urgent “The US is going broke!,” says Ray Dalio. He further explains: “Here are the 3 things that happen: Think of the credit system of the Government like your own credit. Except for 2 different things: they can print money,
Summary of Ray Dalio’s Interview on Fox and his new book, “How Countries Go Broke” Read More »
JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon said on Monday that the rising U.S. national debt is a “big deal” that could create a “tough time” for the bond market that causes spreads to widen, he told Fox Business’ “Mornings with Maria” program. The comments echo his earlier warnings about potential market turmoil, citing rising
JPMorgan CEO Jamie Dimon tells Fox Business US Debt Could Cause Bond Turmoil Read More »
China’s gold imports through Hong Kong nearly tripled month over month in April, the Hong Kong Census and Statistics Department announced on Monday. Net imports to China via Hong Kong stood at 43.462 metric tons in April, up from the 4.889 metric tons in March, representing the highest level since March 2024. China’s total gold
Gold prices caught a new safe-haven bid in the final minutes of the trading week after rating agency Moody’s downgraded the U.S. credit rating by one notch. After the close on Friday, the agency lowered U.S. debt to Aa1 from Aaa, citing rising interest costs and unsustainable debt growth. At the same time, it revised
Gold Ends the Week at $3,200 as Moody’s Downgrades US Sovereign Debt Read More »
Markets may be celebrating a temporary U.S.-China trade truce, but macro strategist Stephanie Pomboy warns the party won’t last. In an interview with Kitco News, Pomboy, founder of MacroMavens, cast doubt on the sustainability of the current market rally, citing structural imbalances across debt, credit, and consumption. “This is just a 90-day ceasefire,” Pomboy said
Edward Siedle, former SEC attorney and record-setting whistleblower, has issued a stark warning that the next financial crisis won’t be triggered by banks or stock markets but by America’s underregulated and opaque public pension system. “Public pensions that have $6 trillion in them are not subject to any comprehensive federal law or any comprehensive state
Something unusual is happening behind the scenes. In the first two months of 2025, the U.S. imported more than 600 tons of gold from major European vaults in London and Switzerland, according to the World Gold Council. Despite this massive movement, most economists brushed it off as a quirk in the numbers—perhaps large banks getting
America Is Quietly Importing Gold—What Do They Know That We Don’t? Read More »
