Fitch Ratings’ decision to strip the U.S. of its triple-A credit rating last week was widely dismissed as meaningless This time, though, bond yields rose. That suggests Fitch’s action deserves our attention, not because it tells us anything new but because it joins the stack of evidence of how profoundly different, and risky, the nation’s fiscal situation […]
Why Fitch’s Downgrade Matters Read More »
Gold’s value compared to equities and bonds makes it the perfect portfolio diversifier. It’s only a matter of time before gold prices push well past $2,000 an ounce as the world continues to deal with higher interest rates, rising inflation pressures, and the global economy drowning in debt. “Gold relative to money supply itself is also absurdly
The deal features a major black swan event that could lead to higher demand for gold and silver. As shown below, the US has over $31.4 trillion in public debt. This is a significant increase considering that the debt amounted to $9.7 trillion in 2008 and only $345 million in 1968. This new deal is
Gold and Silver Prices Brace for $50 Trillion Black Swan Event Read More »
Unchecked US borrowing could end up threatening the dollar’s long-term dominance, according to Jim Grant. Promises to cut spending will likely be “negated and forgotten,” he told CNBC. Fears about the government defaulting on its debt repayments have weighed on demand for dollar-denominated Treasury bonds. (Business Insider) The dollar’s dominance as a reserve currency could
