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Analysts expect demand for gold in India to surge in the second half of the year thanks to a good outlook for farmers. A good start to the rainy season along with higher minimum support (MSP) for summer crops should boost the gold trade, according to a report in the Economic Times of India. Analysts […]
Gold production in China fell nearly 8% year-on-year in the first half of 2018, according to data released by the China Gold Association. China ranks as the world’s leading gold producer.
After Pres Trump signed a bill raising the debt ceiling last fall, we warned that rising interest rates could crush the US federal budget under interest payments. Well, interest rates are going up and so is the cost of servicing the US government’s $21-plus trillion debt.
Not too long ago, my wife came home with two big flats of Powerade. We didn’t need Powerade. We had plenty. And yet I praised her for her shopping prowess. Why? Because she got the stuff dirt cheap and we’re going to need more Powerade down the road. Smart shoppers look for bargains. And right now, […]
It’s time to get real. This grand economy everybody keeps telling us about is actually a house of cards built out of cheap money and debt. And it won’t take much to blow it over. A recent article by Reuters reveals just how precarious the so-called economic recovery really is. According to the report, the bottom […]
The dollar declined sharply, pushing gold up late last week as Pres. Trump criticized the Federal Reserve’s interest rate policy. Trump took aim at the Fed during an interview on CNBC, saying he’s “not thrilled” with the central bank’s push to raise rates. Because we go up and every time you go up they want […]
Gold got off to a roaring start in 2018, with the price rising more than 4% during the first quarter. But the yellow metal finished June down the same amount and has continued to fall during July. Despite the weakness in gold over the last couple of months, the World Gold Council says several factors […]
Bitcoin and the blockchain are joined at the hip – so much so that a lot of people don’t distinguish between the two. Cryptocurrency and blockchain have almost become synonymous. But in fact, they are two different things, and it’s important to understand the distinction. The blockchain is a technology. Cryptocurrency is a medium of […]
Last month, we reported on troubling signs in the corporate bond market. According to Moody’s, the majority of US companies have a “speculative” credit rating. They are considered high risk. As a result, their debt is “high yield” or “junk. When you combine leveraged loans and junk bonds, the total level of “junk” debt in the […]
The price of gold has languished in recent weeks. After falling below $1,300 in May, the yellow metal has hit 2018 lows this month. Dollar strength along with the anticipation of further Federal Reserve rate hikes have bolstered the dollar and weighed on gold. Peter Schiff has been saying this dollar strength is merely an upward […]
