An exclusive Thursday report by the Wall Street Journal said that the Jewish state is “preparing for a direct attack” on the north or south of the country. An individual who was briefed by Iranian regime leadership stated “No final decision has been made” as attack plans have been discussed. The attack is in response to the […]
Israel expects Iranian attack within upcoming 48 hours – WSJ Read More »
Gold has been a store of value for thousands of years. As of today, gold is up 800% over the past 25 years. Gold is also a safe-haven for investors as gold acts as a hedge against inflation during economic turmoil, delivering profits. This puts the commodity on a pedestal and is among the most
Gold Delivered 25% Profits Year-On-Year For 25 Years Read More »
Silver is increasingly becoming an industrial and an electrical metal, says Matt Watson, founder of Precious Metals Commodity Management LLC. Nearly a third of the global silver supply, about 300,000 ounces, is now used for solar power. Other industrial applications include automotive, solder and brazing alloys, and water purification. Solar plus automotive, which adds another
Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold. “The marginal buyer of gold is no longer the U.S. It’s no longer Europe. It’s China. Between the country’s central bank and the Chinese public, China
Gold Price Hits New Record Highs as the West Loses Price-Setting Powers Read More »
Europe is entering a “prewar” era, cautioning that the continent is not ready and urging European countries to step up defense investment, said The Polish prime minister, Donald Tusk. Tusk said: “I don’t want to scare anyone, but war is no longer a concept from the past. It’s real and it started over two years
Europe Must Get Ready for Looming War, Donald Tusk Warns Read More »
“Gold continues to play a critical role in the global financial system, serving as a hedge against inflation, a safe haven asset, and a reserve asset for central banks,” Alimukhamedov notes in the introduction. “The role of gold as a reserve asset for central banks has been a significant driver of demand for the precious
World Bank Reveals Why Central Banks Are Dumping Greenbacks for Gold Read More »
“The Fed doesn’t want to say this explicitly, but it is actually saying (in not so many words) that a recession is very likely coming our way,” economist David Rosenberg said in a note on Thursday. In previous soft landings, the Fed usually cut rates by 75 basis points, but they’re forecasting a 150 basis-point
The Fed’s Rate-Cut Projections Are Pointing to an Imminent Recession, Economist Says Read More »
Florian Grummes, Managing Director at Midas Touch Consulting, said that gold’s rally above $2,200 an ounce has definitively ended a 13-year correction. “Regardless of short-term pullbacks or interim consolidations, this likely signifies only the beginning of the next major uptrend in the precious metals sector,” he wrote. One reason why Grummes is optimistic that a
Analysts say silver appears well-placed to outshine the yellow metal in the second half of the year. Precious metal prices have pushed higher in recent weeks amid growing expectations of U.S. interest rate cuts. Earlier in the year, the Silver Institute said in a report that global silver demand was expected to reach 1.2 billion
Professors studied 2000 bank crises since the 13th century. Last year’s matched those that were more severe than average – unfolding over 3 years. It’s premature to feel relief as we approach the first anniversary of Silicon Valley Bank’s collapse. Silicon Valley Bank’s bankruptcy in early March was the largest bank failure in the U.S. since the
A Banking Crisis Could Be Closer Than You Think Read More »
