News Articles

Central Bank Gold Purchases Doubled in July, Demand Will Continue Through 2024 – WGC’s Gopaul

Even as gold prices set new all-time highs, net purchases by central banks more than doubled to 37 tonnes in July, and demand is expected to remain strong over the coming months, according to Krishan Gopaul, Senior Analyst, EMEA at the World Gold Council (WGC). “In total, seven central banks added gold (of a tonne […]

Central Bank Gold Purchases Doubled in July, Demand Will Continue Through 2024 – WGC’s Gopaul Read More »

U.S. Treasuries Not the Safe Bet They Once Were, Research Says

The behavior of U.S. Treasuries during and after the COVID-19 pandemic calls the label as hands-down the world’s “safe haven” securities into question. That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behavior in that period that raises

U.S. Treasuries Not the Safe Bet They Once Were, Research Says Read More »

Bank Of America Expects Declining Silver Inventories To ‘Make The Deficits Count’

With no resolution to the gap in sight, as the deficits are widely expected to continue for years into the future, a recent Bank of America report suggests that the declining inventories are starting to ‘make the deficits count.’ Their report also commented on China’s surging silver consumption, which has continued to grow in 2024

Bank Of America Expects Declining Silver Inventories To ‘Make The Deficits Count’ Read More »

Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans

The major reason is stubborn inflation cutting into people’s paychecks. Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan. In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem. Consumer sentiment in

Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans Read More »

Growing Perils of the Digital Economy: The Rise of the Digital Dollar

Central bank digital currencies (CBDCs), often referred to as digital dollars, are rapidly gaining traction on a global scale. Over 100 nations are in various stages of developing their own versions. While advocates argue that these currencies could revolutionize financial efficiency and broaden access, there are significant concerns among freedom advocates that they could also

Growing Perils of the Digital Economy: The Rise of the Digital Dollar Read More »

Gold’s Safe-Haven Appeal at Its Highest Since 1971 as Economic Storm Brews

The gold market now finds itself in a longer-lasting gold run than any since the U.S. fully abandoned the gold standard in August 1971. “Over the past five years, the weekly spot price of gold has increased by more than 70%, from around $1,400/oz. in June 2019 to over $2,400/oz in July 2024.” “Prices resumed

Gold’s Safe-Haven Appeal at Its Highest Since 1971 as Economic Storm Brews Read More »

The Global ‘Carry Trade’ Is Unwinding. Here’s Why It’s a Brutal Force Crushing Stocks Worldwide.

The carry trade refers to investors borrowing money at near-zero interest rates in Japan, and then redeploying that cash into higher-yielding assets around the world, such as stocks and bonds. The unwind of the global yen “carry trade” is a force battering stocks. The Bank of Japan’s rate hike and potential Fed rate cuts triggered

The Global ‘Carry Trade’ Is Unwinding. Here’s Why It’s a Brutal Force Crushing Stocks Worldwide. Read More »

Mounting Instability in Banking Systems at Home and Abroad

Economists are sounding alarms after several major banks failed the Federal Reserve’s latest stress tests. Notable institutions such as Citigroup, Bank of America, Goldman Sachs, and JPMorgan Chase fell short in meeting their liquidity requirements. While each bank had unique challenges, the overall results are concerning and raise questions about their ability to withstand financial

Mounting Instability in Banking Systems at Home and Abroad Read More »

Elon Musk Sounds Alarm on America’s Impending Bankruptcy Amidst Skyrocketing National Debt

Elon Musk, “America is going bankrupt btw.”  Warns of America’s Looming Bankruptcy Due to Its Addiction to Over Spending The issue of America’s rising national debt has caught the attention of Tesla CEO Elon Musk. In a recent post on the social media platform X, Musk issued a stark warning: “America is going bankrupt btw.”

Elon Musk Sounds Alarm on America’s Impending Bankruptcy Amidst Skyrocketing National Debt Read More »

Treasury Secretary Janet Yellen Downplays ‘Sticker Shock’ in US Grocery Stores Despite 25% Food Price Increase Since Pre-COVID

Treasury Secretary Janet Yellen has brushed aside concerns about ‘sticker shock’ in American grocery stores, even though food prices have surged by 25% since before the COVID-19 pandemic. During a June interview with Yahoo Finance senior reporter Jennifer Schonberger, Yellen was asked if she had noticed the price hikes while grocery shopping. Yellen confirmed she

Treasury Secretary Janet Yellen Downplays ‘Sticker Shock’ in US Grocery Stores Despite 25% Food Price Increase Since Pre-COVID Read More »

Scroll to Top