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 »
Central banks boosted their gold stockpiles amid a backlash against the dollar. Global reserves grew by 228.4 tons in the first quarter, the World Gold Council reported. 176% increase from a year ago. The recent surge in demand for gold has been seen as a sign of de-dollarization after the greenback became weaponized to put financial
The beginning stages of a ‘systemic bank-distress episode.’ The professors reached their conclusions by comparing regulators’ behavior in the current crisis with how they reacted during almost 2,000 historical banking-sector interventions in 138 countries dating back to the 13th century. Stocks and real estate are vulnerable to a systemic banking crisis that could last months,
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
