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Is now the time to get into gold? Peter Schiff appeared on Fox Business last week to talk about it with Charles Payne. Peter said the current bull run in gold started about four years ago when the Federal Reserve started raising interest rates in 2015. Over the past four years, the price of physical […]
Remember a few weeks ago, I told you about earbuds that are covered in 18-karat gold? Well, I’ve found just the thing to plug them into. And it would also make a great Christmas gift. Or something. It’s the gold-and-diamond encrusted “Jesus phone.” No. I’m not making this up. Honestly, I kind of wish that […]
We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week’s news played tug-o-war with gold. In this episode of the Friday Gold Wrap, host […]
The Federal Reserve held rates steady during the final FOMC meeting of the year, but the messaging turned out to be more dovish than markets anticipated, with the Fed signaling it will not raise rates at all in 2020. Stocks and gold both moved up on the news. Peter Schiff appeared on Fox Business’ Claman […]
The Federal Reserve wrapped up its final Federal Open Market Committee meeting of 2019 on Wednesday doing pretty much what was expected — nothing. But in the processing of doing nothing, the central bank said a lot and managed to out-dove expectations. After cutting interest rates three times in 2019, the FOMC stood pat during […]
The world’s rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients. In the note published over the weekend, Goldman recommended diversifying long-term bond holdings with gold, citing “fear-driven demand” for the yellow metal.
American consumers are still propping up the economy spending money they don’t have. But how long can it last? After a slight slowdown in September, consumer borrowing jumped again and set another new record in October, according to the latest data released by the Federal Reserve.
Stocks have pushed to record highs in recent weeks. If you read the headlines, you’d think it was all about optimism for a trade deal. Or maybe just some general bullishness on the US economy. But Peter Schiff has said that’s not the real reason stocks have continued to climb. In fact, there are a lot […]
Globally, central bank gold reserves charted another healthy gain in October as they continue their quest to diversify reserves away from the US dollar. Central banks added another net 41.8 tons of gold to their reserves in October, according to the latest data from the World Gold Council.
Friday’s employment report from the Labor Department far exceeded expectations. Mainstream analysts called the report “stellar.” Some pundits even called it the best jobs report in history. According to the Labor Department, the US economy added 266,000 jobs in November. Economists had projected an increase of around 187,000. The unemployment figure dropped to 3.5%. Peter […]
