Europe is entering a “prewar” era, cautioning that the continent is not ready and urging European countries to step up defense investment, said The Polish prime minister, Donald Tusk. Tusk said: “I don’t want to scare anyone, but war is no longer a concept from the past. It’s real and it started over two years […]
Europe Must Get Ready for Looming War, Donald Tusk Warns Read More »
“Gold continues to play a critical role in the global financial system, serving as a hedge against inflation, a safe haven asset, and a reserve asset for central banks,” Alimukhamedov notes in the introduction. “The role of gold as a reserve asset for central banks has been a significant driver of demand for the precious
World Bank Reveals Why Central Banks Are Dumping Greenbacks for Gold Read More »
“The Fed doesn’t want to say this explicitly, but it is actually saying (in not so many words) that a recession is very likely coming our way,” economist David Rosenberg said in a note on Thursday. In previous soft landings, the Fed usually cut rates by 75 basis points, but they’re forecasting a 150 basis-point
The Fed’s Rate-Cut Projections Are Pointing to an Imminent Recession, Economist Says Read More »
Florian Grummes, Managing Director at Midas Touch Consulting, said that gold’s rally above $2,200 an ounce has definitively ended a 13-year correction. “Regardless of short-term pullbacks or interim consolidations, this likely signifies only the beginning of the next major uptrend in the precious metals sector,” he wrote. One reason why Grummes is optimistic that a
Analysts say silver appears well-placed to outshine the yellow metal in the second half of the year. Precious metal prices have pushed higher in recent weeks amid growing expectations of U.S. interest rate cuts. Earlier in the year, the Silver Institute said in a report that global silver demand was expected to reach 1.2 billion
Professors studied 2000 bank crises since the 13th century. Last year’s matched those that were more severe than average – unfolding over 3 years. It’s premature to feel relief as we approach the first anniversary of Silicon Valley Bank’s collapse. Silicon Valley Bank’s bankruptcy in early March was the largest bank failure in the U.S. since the
A Banking Crisis Could Be Closer Than You Think Read More »
The Ron Paul Institute for Peace and Prosperity breaks down the profound damage caused by central bank money printing: it pits savers against speculators, encouraging consumers to use debt to fund basic needs since their savings are constantly evaporating due to monetary debasement. The Fed’s “dollar destruction,” as Paul calls it, is something that Americans
Ron Paul: Fed’s “Dollar Destruction” And Moral Crisis Read More »
The Government is Stacking $1 Trillion of Debt Every 100 Days What is Really Going On? U.S. Dollar Down 40% Since 2000 – Gold Up 700% The current Administration’s Neck-Breaking Spending Spree has no end in sight! The U.S. national debt has ominously soared and is shattering records with each passing quarter. Since Spring 2023,
In an era where the global economy navigates through turbulence and uncertainty, gold’s allure seems to shine brighter than ever. Joe Cavatoni, Senior Market Strategist at the World Gold Council. “Gold as a pure investment is actually starting to get more interest and more momentum onshore… we had a 28% increase in annual demand, which
Central Banks’ Strategic Shift Towards Gold in an Uncertain Economy – Joe Cavatoni Read More »
The historical gold price chart reminds us of the importance of gold as a long-term investment, for individuals as well as central banks. There are plenty of reasons to own physical gold, is what the 100-year gold price suggests. In this article, we look at the gold price chart over +100 years and derive relevant
100-Year Gold Price Chart – Historical Chart Read More »
