Though tyrants and despots have for generations attempted to create money from nothing via currency devaluation schemes… A collapse of confidence in the government-issued script leads to a renewed demand for gold- and silver-backed sound money. As history has taught, the time will come when the world loses confidence in the U.S. dollar, and when […]
Gold and Silver Are Sound Money Read More »
The danger of forgetting the 2023 banking crisis and SVB’s collapse. New York Community Bancorp stocks dropped 38% in a day after reporting a $252 million loss, reminding this banking crisis is far from over. Recall that three mid-size U.S. banks suddenly failed around March 2023. The most prominent was Silicon Valley Bank, which became the second-largest bank failure in
‘Too Big to Fail’ Was Bad Enough for the Banks. Now We Have ‘Too Many to Fail.’ Read More »
Global silver demand is forecast to reach 1.2 billion oz in 2024, the second-highest level on record, the Silver Institute said. “We think silver will have a terrific year, especially in terms of demand,” the executive director of the Silver Institute said. “Gold will shoot up first and then you will see silver take off
Silver Set for a ‘Terrific Year’ and Could Outperform Gold to Hit a 10-Year High Read More »
NY Community Bancorp, which is a regional bank such as SVB, experienced a staggering 38% drop in its stock price 2 days ago. This was a direct result of the shocking disclosure of a $252 million loss. In response, the bank took immediate action to address its financial situation by reducing its quarterly dividend and
The Regional Banking Crisis Resumes… Read More »
Industry now consumes 60 percent of silver compared to 50 percent a few years ago. Krauth believes the disconnect between undersupply and overdemand will eventually lift silver prices. Last year, the Silver Institute predicted industrial demand would grow by 4%, when it grew 8%. It expected solar power installations to require 160 million ounces when
Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo. Regional bank stocks are feeling the bite of the unfurling commercial property crisis in a rout that’s giving SVB-collapse flashbacks. Regional banks are a lot more exposed and vulnerable to commercial real estate loans. The
A Commercial Real Estate Crash Is Unfolding, and Regional Banks Are Feeling the Pain Read More »
Gold prices saw a 15% gain, despite challenging headwinds as the Federal Reserve maintained its aggressive monetary policies, supporting the higher bond yields and the U.S. dollar. The World Gold Council published its 2023 fourth quarter and full-year gold demand trends report, saying that annual gold demand, excluding over-the-counter markets, totaled 4,448 tonnes, a 5%
Central banks and OTC markets drive record gold demand in 2023 – WGC Read More »
Unemployment will reach 6% or 7%, and a hard landing will hit by the end of 2024, a strategist says. Declining inflation is set to shrink company profits and force layoffs. Mizuho’s Dominic Konstam said declining inflation wasn’t a “benign indicator” of a soft landing. Those trying to read the tea leaves in inflation data
That’s because $7.6 trillion of US government debt is held by foreign entities in countries like Japan and China. Mounting US debt will eventually spark a “rebellion” in markets around the world, JPMorgan CEO said. “It is a cliff. We see the cliff. It’s about 10 years out. We’re going 60 miles an hour,” Dimon
Jamie Dimon Says Mounting US Debt Will Eventually Spark a ‘Rebellion’ in Global Markets Read More »
As the conflict continues to accelerate in Gaza and beyond, 2024 is set for a somewhat terrifying boom in global uncertainty — and will take gold prices with it. The conflict has escalated to involve neighboring regions, with the potential for further regional destabilization. This threatens regional stability and could also put further pressure on
Middle East Uncertainty and Its Effects on Global Markets Read More »
