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U.S. national debt tops $22 trillion for the first time
BySirhcPublished: Feb 12, 2019 5:00 p.m. ET By Jeffry Bartash, a reporter for MarketWatch in Washington. U.S. financial picture getting worse in wake of Trump tax cuts The U.S. national debt topped a record $22 trillion this week, less than a year after it crossed the $21 trillion mark, indicating a further deterioration in the nation’s…
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
BySirhcSource: By Lewis Jackson SYDNEY (Reuters) Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s. By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure…
Deutsche Bank’s Top Credit Strategist Makes Stunning Admission: “I Am A Gold Bug; Fiat Money Is A Passing Fad In The History Of Money”
BySirhcAs covered here repeatedly over the past 24 hours, gold and silver (and oil) had a great day yesterday, with the rally continuing on Wednesday, sending silver nearly 100% higher than its March lows. Read More
Central bank gold demand hits first-quarter record, investments surge on U.S. banking turmoil
BySirhcPUBLISHED FRI, MAY 5 20237:29 AM EDT Elliot Smith@ELLIOTSMITHCNBC Demand for gold among central banks notched a first-quarter record high in the three months to the end of March as overall global demand painted an otherwise “mixed picture,” according to the World Gold Council. Gold prices broke through the $2,000 per ounce barrier this week and…
Silver fell as optimism over Fed cutting interest rates this year faded
BySirhcSource: Investing.com | Kedia Advisory | Commodities News 2023-05-11 03:46 Silver yesterday settled down by -0.99% at 76688 as optimism over the Federal Reserve cutting interest rates this year faded after the U.S. inflation report, triggering profit-taking among some investors. The headline inflation rate in the US unexpectedly declined to a 3-year low of 4.9% in…
