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These Are The Six Countries With The World’s Largest Gold Reserves
BySirhcAuthored by Lawrence Thomas via GoldTelegraph.com, For almost a decade, global central banks have been avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal. These gold purchases are the largest since 1971 when President Nixon ceased…
The dollar could weaken further under a Biden administration, analysts say
BySirhcKEY POINTS Citi Private Bank strategists predicted a weaker dollar ahead, given that a Biden administration would reduce uncertainty in international trade policy. Following projections over the weekend that Joe Biden has won the U.S. presidential election, the dollar continued diving sharply, while Asian currencies strengthened. JPMorgan Private Bank’s Adam Margolis said the theme at…
2021 Would Be A Great Time To Audit The Fed
BySirhc11/24/2020 Nick Hankoff Gone are the days of the Federal Reserve hiding in the shadows. Now it’s a woke central bank fighting for climate and racial justice. Progressives must not fall for this but instead team up with the populist right to audit the Fed and demand transparency. Let the healing begin! If it is…
Pension Bailouts Could Raise the National Debt by $7 Trillion
BySirhcCourtesy of THE DAILY SIGNAL Rachel Greszler / November 07, 2019 On Oct. 31, the national debt hit $23 trillion. That’s equivalent to a credit card bill of $178,000 for every household in America. This marks an enormous increase. Even after adjusting for inflation, it’s a jump of $60,000 over just 10 years for the average household. In other words, even…
Gold’s ‘Freight Train’ Rally Continues With Sights Set on Record
BySirhc(Bloomberg) — Investors continue to pile into gold as prices advanced for a fifth day, moving ever closer to the all-time high reached in 2011. A weaker dollar, negative real rates, worries over the economic cost of the pandemic and flaring political tensions have both gold and silver heading for their biggest annual gain in…
Gold inches up on weaker dollar as investors focus on US inflation
BySirhcLower interest rate expectations from the Fed could cause the bullion to trend higher, analyst says 08 MAY 2023 – 07:46ASHITHA SHIVAPRASAD Bengaluru — Gold prices edged up on Monday as the dollar eased, while investors awaited a key US inflation data due this week that could influence the Federal Reserve’s monetary policy stance. Spot gold…