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Why Physical Gold Delivery on the COMEX in New York is Elevated
BySirhcThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage. Read More
World Bank Head Sees “Quiet” Financial Crisis Brewing As Pandemic Lingers
BySirhcIn an interview Wednesday morning with Bloomberg, World Bank Chief Economist Carmen Reinhart bluntly said, “don’t confuse the rebound with a recovery.” Reinhart said, “a rebound this year still leaves per capita income below where it was before the covid crisis – calling it a recovery is misleading.” She went onto say that one year later,…
Inequality And The Gold Standard
BySirhc11/27/2020 David Howden Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to share in this good fortune too with an extra $25,000 (about 30%)….
Why Is Gold Valuable?
BySirhcThe value or price of gold has risen since mid-March 2020, reflecting worries across the financial world about how much purchasing power major paper currencies hold. In light of the deep recession caused by the coronavirus pandemic, the world’s most powerful central banks have responded in two ways: with a combination of quantitative easing – essentially money printing…
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…
Gold Price Outlook Remains Mired by Broader Recovery in US Yields
BySirhcGOLD TALKING POINTS The price of gold attempts to retrace the decline from the beginning of March as the US 10-Year Treasury yield pulls back from a fresh yearly high (1.62%), but key market themes may keep the precious mental under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy. FUNDAMENTAL FORECAST FOR GOLD: BEARISH…