The legislation would require the state comptroller to establish and provide for the issuance of gold and silver specie and also establish digital currencies that are 100% backed by gold and silver, and 100% redeemable in cash, gold, or silver. Rep. Mark Dorazio (R)introduced HB4903 on March 10 and it has since garnered a bipartisan coalition […]
The Silver Institute’s World Silver Survey forecasts a second straight annual deficit in silver supplies. “Demand for physical silver, and gold for that matter, is showing overall investor concern over the state of the economy, geopolitical turmoil, and potentially persistent inflation,” said Stephen Gardner. Gold isn’t the only precious metal benefiting from economic uncertainty and
Silver Hit a 1-Year High. Here’s Why it Can Keep Climbing… Read More »
U.S. and China are on the brink of war, billionaire and Bridgewater’s founder Ray Dalio “We are on the brink of an economic resources war,” the founder of the world’s largest hedge fund wrote last week. The world order is changing, and all countries are getting caught up in the reshuffle based on resources. Bridgewater’s founder
Ray Dalio: The U.S. and China Are On ‘The Brink of an Economic Resources War’ Read More »
The most deeply inverted part of the U.S. yield curve is one that hasn’t sent a false signal about the prospects of a U.S. recession in more than a half-century of research. That’s the spread between 10-year and 3-month Treasury yields, the large difference between the two rates is pointing to the likelihood of a
The U.S. dollar’s dominance is being challenged on several fronts simultaneously — from countries choosing to conduct trade in local currencies to BRICS developing its own currency. And gold is paying attention. This was topped by Russia’s State Duma Deputy Chairman Alexander Babakov confirming that BRICS — Brazil, Russia, India, China, and South Africa —
De-Dollarization Train is Moving at Full Speed and Gold is the First to React Read More »
Bank-sector stress makes a stagflationary debt crisis more likely and potentially more severe. Higher inflation would lead to higher bond yields, which in turn would hurt stocks as the discount factor for dividends rose. But, at the same time, higher yields on “safe” bonds would imply a fall in their price, too, owing to the
Robert Kiyosaki also warned China is ‘coming after’ the US in a currency war. Robert Kiyosaki predicts the Bank of Japan is next to collapse. The derivatives market in the world today, financed by the Bank of Japan, is a quadrillion [dollars].” That’s 1000 trillion! Federal Reserve Chair] Powell has raised interest rates faster than
Financial World Legend Sounds Alarm Over ‘Biggest Bank That’s Going Down’ Read More »
“Every rate hiking cycle of the last 70 years has ended in recession (c. 80% of the time) and/or a financial crisis… His comments came after three U.S. banks have collapsed, as federal authorities organized major banks to deposit $30 billion into First Republic Bank FRC, +3.57% to stave off a fourth. “At this stage,
Ray Dalio says the Silicon Valley Nank failure is a “Canary in the Coal Mine” for what’s to come. Dalio wrote Tuesday that this is part of the classic “bubble-bursting part” of the short-term debt cycle. He explained how it fits into broader historical trends and debt cycles. Billionaire investing veteran Ray Dalio said the
Story by Harvard Gold Group, “Main Points” 3/13/2023, at 3:00 PM | Original article from Peter Schiff 3/13/2023 First Silicon Valley Bank (SVB), and now Signature Bank has collapsed. The Fed folded within 48 hours. SVB didn’t collapse because of FTX contagion, or anything related to Crypto. It collapsed all on its own because it
SVB Fails: And Then Something Broke Read More »
