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China and India rank one-two in global gold consumption, and through the first quarter of 2021, gold demand charted an impressive rebound in both countries. China’s year-on-year gold consumption surged 93.9% as first-quarter demand rebounded to pre-pandemic levels. Meanwhile, official Indian gold imports hit the highest level in a decade in March.
We’ve been talking a lot about the specter of inflation. Despite the Fed’s assurances not to worry because any price increases we’re seeing are transitory, some people are indeed worried. A former JP Morgan managing director warned about inflation and echoed Peter Schiff’s view that the central bank is powerless to fight it. And we’re […]
What is the government doing to your money? And how can you protect yourself? These are key questions facing every American today. In this interview, Friday Gold Wrap Podcast host Mike Maharrey tries to dig out some answers with investment veteran and author E.B. Tucker.
A lot of the economic data that came out last week looked pretty good. GDP growth came in big in the first quarter. Personal income rose by a record amount in March. The mainstream spun it all as positive, raving as if the economy is earning an ‘A.’ But in his podcast, Peter Schiff argues […]
There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week’s news and […]
The trade deficit in goods leaped to another record high in March as Americans continue to spend stimulus money printed out of thin air on products they didn’t produce. The goods trade deficit surged 4.0% last month, hitting an all-time record of $90.6 billion. That tops the previous record of $88 billion set in February.
The Federal Reserve wrapped up its April meeting yesterday. Again, there were no changes in actual policy, leaving everybody to try to parse out meaning from the FOMC’s statement and Jerome Powell’s post-meeting press conference. When you boil it all down, it was pretty much the same song and dance from Federal Reserve Chairman Jerome […]
There are a lot of new taxes coming down the pike. This was inevitable with all of the government spending. Big government isn’t free. In order to pay for three rounds of stimulus, infrastructure spending, and now the “American Families Plan,” taxes will have to go up. But there’s a problem with this tax and […]
Biden and Company have given us stimulus 3.0. They have unveiled an infrastructure spending plan. But that’s not the end of the spending. Next in the lineup comes the “American Families Plan” — another $1.8 trillion or so of government spending. Peter Schiff talked about it in his podcast, calling it a giant new welfare […]
By and large, the mainstream is bullish on the economy. According to conventional wisdom, we are in the midst of a robust recovery. In fact, many people out there believe the Fed is going to have to tighten monetary policy sooner rather than later. But there are a few people in the mainstream who seem […]
