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The silver-gold ratio has climbed back above 80-1. This has historically signaled silver on sale. As I write this article, the ratio stands at just over 80:1. That means it takes just over 80 ounces of silver to buy an ounce of gold. To put that into perspective, the average in the modern era has […]
The producer price index rose at the fastest rate in the history of the data set in November. This is a runaway inflation train hurtling down the tracks toward consumers. And despite all the talk, the Fed won’t be able to stop it.
Russians have gone on a gold-buying spree. According to Russian media reports, investors in the country have bought a record amount of gold since 2014 despite prohibitively high taxes.
In November, the official government CPI rose by the highest annual amount since 1982. But for the most part, the mainstream media continues to sugar-coat inflation. Tucker Carlson is an exception. He’s one mainstream media figure who seems to grasp the full extent of the problem. He recently interviewed Peter Schiff on the rising cost […]
The federal government continues to run big budget deficits as spending skyrockets. Increasing tax revenues are the only thing keeping the deficits from blowing up even further. But how long will this tax windfall last?
Even with the federal government ostensibly trying to limit spending with its head against the debt ceiling, it managed to run another massive deficit in November. The budget shortfall last month was $191.34 billion, according to the latest Treasury Department statement. That was 31.7% higher than the November 2021 deficit.
The CPI data for November came in pretty close to expectations. Of course, expectations were sky-high as the transitory inflation narrative has faded into myth. The CPI surged another 0.8% month-on-month in November. The consensus expectation was for a 0.7% rise. The headline year-on-year increase was 6.8%. That was right in line with expectations. It […]
The latest seasonally adjusted inflation rate for November was .76% month over month, with a non-seasonally adjusted annual rate of 6.81%. These numbers were generally in line with mainstream expectations that have finally gotten high enough to match the blistering hot inflation numbers coming out month after month.
Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about – an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. […]
You’re being squeezed by inflation. You can’t find what you’re looking for at the store due to widespread shortages. And when you do find what you need, it takes forever to check out of the store because the labor market is completely out of whack. But really, the problem is with you. Your expectations are […]
