Americans consider gold the second-best long-term investment option, according to a recent Gallup poll. Gold beat out stocks, bonds, and savings accounts. On the contrary, the number of Americans naming gold as the best long-term investment almost doubled this year from last. Street speculated that inflation pressure on US consumers may be driving demand as people seek […]
Americans Rank Gold As Second-Best Long-Term Investment Read More »
Unchecked US borrowing could end up threatening the dollar’s long-term dominance, according to Jim Grant. Promises to cut spending will likely be “negated and forgotten,” he told CNBC. Fears about the government defaulting on its debt repayments have weighed on demand for dollar-denominated Treasury bonds. (Business Insider) The dollar’s dominance as a reserve currency could
Silver followed on gold’s steps in May and dropped from the 2023 highs as the dollar strengthened. But despite the steep correction, silver might be a good addition to a portfolio for investors with a medium to long-term horizon. So here are three reasons to buy silver: Silver outperformed main fiat currencies in the last
Is it Time to Buy Silver? Here are 3 Reasons to do so Read More »
Central bank digital currencies (CBDCs) will cause financial privacy and anonymity to end, as cash will likely be eradicated. “It becomes a very frightening proposition to hand over any and all financial privacy to some central organization.” Critics warn of CBDCs’ potential to be used as a tool of surveillance and control. CBDCs make bank
Florida Governor Ron DeSantis has signed an anti-CBDC bill into law, banning the use of American or foreign central bank digital currency (CBDC) in the state. The bill is designed to protect consumers and businesses in Florida by “Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money DeSantis, “Big Brother’s
Florida Governor DeSantis Signs Anti-CBDC Bill Into Law Read More »
Gold is underrated and could be pushed up by de-dollarization, Bridgewater’s Co-CIO said. Western sanctions on Russia that froze its foreign currency reserves highlighted the risks in using dollars. And since Russia’s invasion of Ukraine, more countries have turned to China’s yuan or other non-dollar currencies for trade deals. “This geopolitical turmoil is not going
New York and San Francisco, where less than half of the office spaces are occupied. “It’s really the perfect storm,” he said. “You know, these buildings are worth less than they were when they were originally financed, and interest rates being up, valuations down, they’re not going to be able to refinance these buildings.” Many
The Federal Reserve and the US government are trying to fix a problem that they caused. And their cure is going to unleash an inflation tsunami. Another shoe dropped last week with the failure of First Republic Bank. Peter said a lot more banks are going to fail. I think the Fed is going to
Peter Schiff: This Is an Inflation Tsunami Read More »
Gold prices have jumped 8% since the collapse of Silicon Valley Bank. Investors have flocked to gold as a safe haven with banking turmoil weighing on other assets. The de-dollarization movement has also helped to fuel gold’s recent rally, according to a report by the World Gold Council WGC) published last week. The WGC found
Gold Closes in On an All-Time High Thanks to De-Dollarization and Banking Uncertainty Read More »
Silver gained strong upside momentum in recent months but remains cheap compared to gold. Demand for precious metals is rising as traders search for safe-haven assets amid a banking crisis in the U.S. If gold/silver ratio settles below the 78 level, silver may gain strong upside momentum. Unlike Gold, Silver Settled Well Below Its All-Time
Why Silver is the New Gold: Opportunity for Sustainable Upside Momentum Read More »
