Gold prices jumped Thursday, attempting to snap a string of three declines, as the dollar lost ground to chief rivals in the wake of a fuzzier-than-expected interest-rate assessment from the Federal Reserve. April gold GCJ7, +1.23% rose $10.80, or 0.8%, to $1,244.10 an ounce. A close at that level would mark the highest settlement for a most-active contract since Nov. 10, 2016, according to Fa... read more
From 1998 through 2008 David M. Walker then Comptroller of the Government Accountability Office (GAO) was more vocal then most in his tenure and has alerted Americans of the country's long-term fiscal imbalances. He changed the name of the agency from the General Accounting Office to the Government Accountability Office, which is more fitting You got to wonder if these two government agencies... read more
With the Dow and Nasdaq hitting a series of new all-time highs recently, what is happening right now is madness. Templeton’s Warning About The “Euphoria” Stage Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” You likely have heard that... read more
There are close to 76 million baby Boomers (born between 1946 and 1964) alive today representing 28% of the total US population. Starting in 2011, an estimated 10,000 Boomers have been retiring every day and that trend will continue for at least another 10 years. They represent the largest retirement contingent in US history placing strains on both Social Security and Medicare. If current la... read more
During a Feb. 14 interview with CNBC, legendary economist and Euro Pacific Capital CEO Peter Schiff made a bold claim about the U.S. Federal Reserve. “They’re going to go back to QE,” said Schiff. QE, or quantitative easing, is a fiscal policy in which a central bank creates new money in order to buy government bonds and ultimately stimulate the economy – the Fed’s way of addressi... read more
Gold bulls are acting as if they can’t believe a good thing when they see it. They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher U.S. interest rates has been enough to d... read more
Is silver a good investment? Why should someone buy it? It’s natural and even prudent for an investor to wonder if a particular asset is a good investment or not. That’s especially true for silver, since it’s such a small market and doesn’t carry the same gravitas as gold. But at this point in history, there are compelling reasons to add physical silver to your portfolio (and on... read more
Generals commonly fight a war, only to find out that as times change, applying past strategies results in disaster. In the U.S. financial, "generals" at the Fed and Treasury focus policy on avoiding the deflationary depression of the 1930s. Michael will share his insights into the direction of gold and other key markets, and Jay talks about some gold miners and why they have value. read more
The imbalances in the economic strength of euro area countries make the continued function of the single currency area a primary concern, said former US Federal Reserve chairman Alan Greenspan in an interview with the World Gold Council. Euro ‘house of cards’ will collapse, monetary union architect warns He suggests the inequality is largely down to a north/south geographical divid... read more
The Deutsche-Wirtschafts-Nachrichten (DWN) has been under attack by politicians in Europe for reporting the truth. DWN editor Michael Maier has sent a sharp protest to the President of the European Commission, Jean-Claude Juncker. The EU had accused DWN of spreading Russian propaganda with a fake report. Anyone who disagrees to the politics of the EU is attacked. This assault upon real news is... read more