But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. “This is a payment system, not a digital token or a CBDC, but it is something that can be used to facilitate the creation of a CBDC,” said Jim Bianco, […]
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar Read More »
Silver gained strong upside momentum as gold/silver ratio declined from 84 to 78.50. The Fed may soon make its last rate hike in this cycle, so demand for precious metals could grow as traders prepare for future rate cuts. A combination of positive catalysts could push silver towards the $30 level. Falling gold/silver ratio, rising
Silver Price May Test $30 This Year Read More »
Central banks worldwide are buying more gold to protect themselves from high inflation and financial risks. The fear of sanctions similar to those imposed on Russia has prompted nations to bring their gold reserves back home. While paper-gold ETFs & miners have experienced significant outflows in recent years… demand for physical gold has surged pushing
Revival of Gold as Central Banks Bring their Gold Home Read More »
41% of surveyed central banks and sovereign funds expect to increase gold holdings in the next three years. Sweeping sanctions against Russia that expelled the country from the US dollar-dominated global financial system spooked other countries so much that they are now lining up backup currencies for trade. But central banks appear to be less willing
Gold has been gearing up for its breakout to $2,500 for the past 12 years, and it must now break the final resistance level to open up its “phenomenal” upside… “All it takes for gold is to break through this $2,070 level … From $1,920, gold can rally $600 in the next six to eight
The Fed’s interest rate hikes have already precipitated a financial crisis. The central bank created an economy that depends on artificially low interest rates and periodic quantitative easing. It simply can’t function in a high-interest-rate environment. An economist at the Fed – According to their analysis, more than one-third (37%) of non-financial US companies are in
Fed Economists Warn of Looming Disaster Due to High Interest Rates Read More »
Emerging central banks are gearing up for a new monetary regime in which gold will play a vital role as a settlement mechanism, according to Goehring & Rozencwajg. “The U.S. dollar might be on the verge of losing its reserve currency status,” “A change in the dollar’s reserve currency status would be the most impactful
Over the 70 years, any time the New Orders Index has dipped below 43.5, a recession has followed soon after. the monthly reported data, which dates back to 1948, sizable declines in the ISM Manufacturing New Orders Index have coincided with U.S. recessions. Since 1973, there have been four instances where commercial bank credit declined by
Signs of de-dollarization are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said… The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a fresh push by the “BRICS” nations, Brazil, Russia, India, China, and South Africa, to challenge
JPMorgan Flags Some Signs of Emerging De-Dollarization Read More »
Americans consider gold the second-best long-term investment option, according to a recent Gallup poll. Gold beat out stocks, bonds, and savings accounts. On the contrary, the number of Americans naming gold as the best long-term investment almost doubled this year from last. Street speculated that inflation pressure on US consumers may be driving demand as people seek
Americans Rank Gold As Second-Best Long-Term Investment Read More »
