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Trump’s Tariff Threats and the Global Economic Response

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In recent developments, President-elect Donald Trump has issued a stern warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—threatening to impose 100% tariffs if they proceed with plans to establish a new currency aimed at challenging the U.S. dollar’s global dominance. This move underscores the escalating tensions surrounding the dollar’s supremacy in international […]

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China, Russia, North Korea, Iran are Collaborating to Harm the US: Rebeccah Heinrichs

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Hudson Institute senior fellow Rebeccah Heinrichs discusses the number of serious threats the U.S. faces on ‘Varney & Co.’ Heinrichs: De-escalation is the Biden administration’s goal. The goal, however, should be to enable Israel to destroy these munitions, these weapons facilities, and Hezbollah’s ability to continue conducting terrorist activities against Israel, U.S. forces in the

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Gold Eyes $2,500 Amid China’s Deflation; Silver Surges on $970M Acquisition

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Key Factors Affecting Gold: Geopolitical Tensions and China’s Economic Issues Drive Gold Demand. US Nonfarm Payrolls (NFP): The US added 142,000 jobs in August, falling short of the 160,000 forecast, indicating a softer labor market. Unemployment Rate: Dropped to 4.2%, with wage inflation rising to 3.8%. Fed Rate Expectations: Markets now see a 70% chance

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China’s Historic Dump of $53 Billion US Treasuries Is Unprecedented Blow to US Economy

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By offloading US treasuries and increasing its gold reserves, China aims to shield its economy from potential US economic sanctions and maintain financial stability. This historic move, the largest sell-off initiated by China, coincides with a broader trend of BRICS countries offloading US treasuries since 2022. This move is seen as an attempt to diversify

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Signs That a Global Gold Standard is Gaining Traction – Steve Forbes

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“It’s hard to believe, but the world is beginning to lurch toward a gold-based monetary system,” Forbes wrote in an article published May 21. “This, despite the fact that the historical gold standard is held in almost universal contempt by economists and financial officials.” He said that despite the many myths and pervasive ignorance surrounding

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Could the Shift of Gold West to East Set the Stage for a New Gold-Backed Currency?

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China takes up over two-thirds of all the annual production…That’s where the gold price is set. During the first two months of 2024, China imported 367 metric tons of gold for non-monetary use. That was a 51 percent increase from the same period in 2023. Gold jewelry, coins, and bullion sales in China rose 24

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Gold Price Hits New Record Highs as the West Loses Price-Setting Powers

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Canadian mining legends Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada, say the West has lost its power to set the price of gold. “The marginal buyer of gold is no longer the U.S. It’s no longer Europe. It’s China. Between the country’s central bank and the Chinese public, China

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Central Banks’ Strategic Shift Towards Gold in an Uncertain Economy – Joe Cavatoni

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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

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