Gold’s Catalyst – Mr. Trump will replace Chairperson Yellen next February. Good. The job is responsible for safeguarding the US economy and the Fed is a source of global financial stability or recently instability. Yellen viewed inflation a bit of a “mystery” citing the Fed’s understanding of inflation as “imperfect”. She said, “We recognize that something more persistent m... read more

China seems to have recovered its appetite for gold, with demand for bars and jewellery markedly increasing in the first nine months of the year, data from the China Gold Association shows. Total gold consumption, including jewellery and bullions but excluding the central bank’s purchases, went up 16% to 815.9 tonnes in the period, the association reported Wednesday according to Xinhua new... read more

President Trump is expected to nominate the next Federal Reserve chair within a matter of days. Donald Trump has the opportunity to appoint a higher percentage of the Board of Governors of the Federal Reserve system at one time than any president since Woodrow Wilson. President Wilson signed the Federal Reserve Act during the creation of the Fed in 1913 when it had a vacant board. At that... read more

Today one of the greats in the business discussed China’s bold moves and warned that the implications for investors are enormous. China’s Bold Move “A remarkable aspect to President Xi Jingping’s opening address to the just-concluded 19th congress of China’s Communist Party was the astounding – and as you’ll see, well-founded – confidence with which Xi asserted that Chi... read more

How big is Illinois’s pile of unpaid bills? Even the state’s chief fiscal officer doesn’t know for sure. The state sold $4.5 billion of bonds on Wednesday to help pay down the estimated $16.6 billion it owes to contractors, health care providers and others who waited to get paid during Illinois’s record-long fight over the budget. But Comptroller Susana Mendoza, a Democrat, says her... read more

Legendary investor Jim Rogers just predicted a sea change in the way we use money. "My children will never walk into a bank when they become adults," he said to China Daily in Hong Kong on Oct. 24. "By then, all of the banks along the streets will be replaced by computers and certainly mobile phones." Jim Rogers at FreedomFest 2013 Moreover, Rogers foresees that physical cash will become o... read more

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It's official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street.  The forward 12-month PE ratio is 18, compared to the 10-year average of just 14. The 12-month trailing PE for Pro-forma earnings, which takes into account non-recurring items that seem to recur ever quarter, is trading at 20 times earnings. Bu... read more

Egon von Greyerz says the dollar is dead, and while cryptocurrency has stolen the show in 2017, gold will vastly outperform Bitcoin. Here’s why… by Egon von Greyerz of Gold Switzerland The dollar is dead but the world doesn’t know it. It has been a slow death and the final stages will be very painful for the US and for the rest of the world. The US empire is finished financially and mi... read more

(ECNS) -- More than 60 countries and regions have adopted the Chinese renminbi (RMB), or yuan, as a new reserve currency, according to the latest report on renminbi internationalization by the People's Bank of China. Since last October, the International Monetary Fund (IMF) has included China's currency in its Special Drawing Rights (SDR) basket as an international reserve currency, along wi... read more