Summer will be gold’s time to shine, according to metals strategists at Bank of America. Metals and Mining Outlook for 2024, the BofA analysts said that while the war in the Middle East has boosted gold in the near term, “the yellow metal ultimately remains a trade on rates, so once the Fed announces a decisive […]
Hundreds of years of history show that global power shifts disrupt the monetary order on average every 75-100 years. Looking at just the last 100 years, the U.S. has experienced several major shifts in the Monetary Order. In 1933 President Roosevelt initiated a recall of gold from the public. In 1934 he devalued the U.S.
‘De-dollarization’ – Understand the Changing Global Monetary Order Read More »
People constantly ask, “Why is gold valuable?” The Allure of Gold Gold has long captivated individuals and societies with its unique qualities and historical significance for thousands of years. Gold was first used in jewelry by the Egyptians around 5000 BCE. The Sumer civilization around 3000 BCE also used gold jewelry. Gold chains were
Why is Gold Valuable? – Gold’s Value, History, & Timeless Allure Read More »
Everyone thinks that we’re past the banking crisis. The Fed went from lending $60 billion to unstable banks in March to over $100 billion. “But the utilization of the BTFP is almost twice as much today than it was during the height of the banking crisis in March of 2023,” Gammon told Michelle Makori, Lead
Why the New Banking Crisis Could be Unleashed as Soon as March Read More »
Industrial demand for silver is expected to set a record in 2023. According to a forecast by Metal’s Focus in conjunction with the Silver Institute, industrial silver demand is on pace to rise by 8% to a record 632 million ounces. According to a separate report, industrial demand for silver is forecast to increase by
Industrial Demand for Silver on Pace to Set Record in 2023 Read More »
The BRICS Currency linked to a basket of commodities could offer stability and attractiveness that could outshine established currencies like the dollar. The presence of a stable alternative to the US dollar could lead to a reevaluation of global economic dependencies and power structures. According to Glazyev, the BRICS currency, which is near completion and
Why BRICS Currency Would Outshine the US Dollar Read More »
Last year, the government rang up a $1.7 trillion deficit: $659 billion on net interest costs in fiscal 2023 to finance the debt. Dalio said that is a recipe for trouble. Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. “Economically strong
According to Ing, the biggest global economic threat is growing debt problems in the U.S. Since 08 the supply of Treasuries has risen 5X to more than $25 trillion. One of Toronto’s oldest boutique investment firms is warning investors that gold could be a good asset to own as the world faces significant threats in
Investors Will Want to Own Gold as ‘America Faces a Debt Reckoning’ Read More »
IMF’s Kristalina Georgieva said, “…this is not the time to turn back. The public sector should keep preparing to deploy central bank digital currencies …” “We have not yet reached land. There is so much more space for innovation and so much uncertainty over use-cases,” said Georgieva, managing director of the IMF at the Singapore
Moody’s lowered its US credit outlook on Friday to “negative,” signaling a possible downgrade in the future. The ratings agency cited ballooning deficits and political dysfunction. Gross interest on Treasury debt securities jumped 87% from a year ago, fresh data showed. Interest payments reached $88.9 billion last month, as the government finances higher deficit spending.
US Debt Interest Costs Skyrocket 87% as New Federal Fiscal Year Begins Read More »
