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This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. It seems at least once a week, a Fed official is coming out of the woodwork to suggest the “possibility” of a September rate hike. Right now, investors are nearly split over whether or not that is likely to happen. What’s really prompting this […]
Holding physical precious metals continues to be in high demand around the world. In fact, the need for physical gold is so high that Australian-based mining company, Resolute Mining, is offering to pay out investor dividends in the yellow metal. In an unprecedented move, the mining company’s new policy states that “shareholders with more than […]
After Janet Yellen’s speech at Jackson Hole last week, gold stocks sold off on the Chairwoman’s “hawkish” tone. It was once again an overreaction and misinterpretation of the Fed’s real impact on the economy. In his latest take on Yellen’s speech, Peter Schiff explains why the Fed’s “hawkish” talk is just a front to keep […]
A rally in gold prices happened on Friday after Janet Yellen’s hint at a potential US rate hike in September. During the economic symposium at Jackson Hole, Wyoming, the US Federal Reserve Chair said the case for raising interest rates was gaining strength amid strong economic numbers. Gold rallied $20 an ounce with the dollar […]
The Fed’s been looking for new friends this week, tuning out the haters and struggling to convince the public about potential rate hikes. Check out their follies below! Flip-Flopping Fed Gets No Credibility from Market A market that doesn’t care about the direction the Fed wants to take us can be a recipe for a firestorm. […]
No other economic concept has created as much confusion and in-fighting among economists as the idea of inflation. Along with its antithesis deflation, they have been the boon and bane of many monetary policy makers, detractors, and admirers for decades. But what does inflation really mean? How does it affect the average business owner or […]
Bloomberg recently reported the safe depository company, Malca-Amit, is seeing a 90% jump in demand for storage of precious metals and stones in its Singapore-based branches. It’s hardly surprising given the 26% increase in gold and 37% rise in silver prices year-to-date. Like the rise in any metal, high prices are spurring many to dig […]
In his most recent Gold Videocast, Peter Schiff takes on San Francisco Federal Reserve President John Williams’ new monetary prescription for the ailing US Economy. Williams sees the current trend of slow economic growth as a “new normal”. His plan calls for raising the target inflation rate beyond its current 2% value. But how does […]
Billionaire and founder of Icahn Enterprises, Carl Icahn, recently appeared on Bloomberg to discuss his support for Donald Trump and a future move to start his own super PAC. During the discussion he had with Erik Schatzker, the wealthy activist made a case for the coming demise of the US economy and collapse of the […]
The US Federal Reserve Presidents have been busy this week, flexing their speculative muscles and antagonizing the markets. In case you missed it, here’s everything they’ve been up to in the past seven days. Global Banks Abandon US Bonds: Largest Selloff since 1978 In total, $192 billion of US Treasury bonds have been dumped off […]
