The U.S. has intensified plans to evacuate Americans living in Taiwan, The Messenger reported. The report came a day after Taiwan’s air force scrambles into action after spotting 10 Chinese warplanes crossing the sensitive median line of the Taiwan Strait, as the island’s defense ministry said four Chinese warships also carried out combat patrols. “The fact […]
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Gold, Silver, Bitcoin assets are his ‘best insurance’ against Economic Crash Landing. US economy, believes worst-case scenario will play out Kiyosaki’s top pick is gold, gold serves as an anchor for portfolios built to maximize wealth protection From 1974 to 2008, there were eight years when inflation in the U.S. was considered abnormally high. Gold
Signs of de-dollarization are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said… The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a fresh push by the “BRICS” nations, Brazil, Russia, India, China, and South Africa, to challenge
JPMorgan Flags Some Signs of Emerging De-Dollarization Read More »
The deal features a major black swan event that could lead to higher demand for gold and silver. As shown below, the US has over $31.4 trillion in public debt. This is a significant increase considering that the debt amounted to $9.7 trillion in 2008 and only $345 million in 1968. This new deal is
Gold and Silver Prices Brace for $50 Trillion Black Swan Event Read More »
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
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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
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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
