Gold and Silver Industry & Investing News
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
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TOP NEWSSILVER: Return of the Short Squeeze
A long time ago, in a galaxy far, far away…silver was free to trade without manipulation or intervention. Could the latest effort to create a ‘silver squeeze’ be a Force to be reckoned with? Join Mike Maloney, Jeff Clark and Adam Taggart to get both the light and dark side of the equation.
Your Ultimate Guide to the Gold Market
Interested in the gold market, but not sure how to get started or what any of it means? Here’s a quick overview of the gold market to enable you to begin investing. If you have a specific question, these quicklinks will help you get to your topic faster.
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17th-Century Pirates Might Have Stashed Middle Eastern Coins in New England
According to historian and metal-detector enthusiast Jim Bailey, the handful of 17th-century Arabic coins unearthed at sites across New England could be remnants of an infamous pirate's last big score—or, to put it another way, money stolen from a ship full of religious pilgrims during a horrific mass murder at sea.
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The Silver Institute: World Silver Survey 2021
One notable exception was physical investment. A growing appetite for safe haven assets and, initially, the strength of the gold price all boosted investors’ appetite for silver bars and coins last year, culminating in an 8% rise overall. Investment in other arenas also experienced a vintage year in 2020,
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Inflation, Deflation, Bailouts & Tax Increases! What Should We Expect?: Miller on the Money
What is happening is unprecedented! Two multi-trillion-dollar bailout packages in less than a year and a third in the works.
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US States Close Mass Vaccination Centers Due To Falling Demand
Globally, just under 950M shots have been given worldwide, though in more than 130 developing nations, not a single jab has been delivered.
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Gold Marks First Loss in 3 Sessions
Gold futures finished lower Thursday for the first time in three sessions, after pushing to a nearly two-month high a day earlier, as investors weighed surging COVID-19 cases particularly in Asia. “After two straight days of gains, the gold bulls are pausing for breath around $1,790,” said Sophie Griffiths, market analyst at Oanda, in a note.
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Bitcoin Whale Watching: This Metric That Called the 2017 Top Is Now Flashing Red
Current profit-taking behavior suggests that the Bitcoin market is on the verge of turning bearish.
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U.S. Mounting Debt Load Caps Room for Fed Interest Rate Rises, Analyst: MW
The U.S.’s mounting debt load may warrant investors to rethink their expectations for liftoff from easy monetary policy. U.S. non-financial debt to GDP has more than doubled over the last three decades
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Dow Drops 300 Points on Fears of Higher Capital Gains Taxes
Bloomberg News reported Thursday afternoon that Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans. The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter.
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Market Cap Of Money-Losing Companies Surpasses Dot Com Bubble Record
Finally, the amount of global market capitalization that has reported a negative profit number in the last year and in each of the last three years is higher than at any point during the past 22 years, and has even surpassed the dot com bubble.
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House Democrats Pass Bill To Make D.C. The 51st State
The effort to make Washington, D.C., the 51st star on the U.S. flag has never had more support. But the measure's fate in the Senate is uncertain.
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Wall St Slides on Report of Biden's Plan to Almost Double Capital Gains Tax
Wall Street’s main indexes hit session lows on Thursday, after a report said President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%.
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Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra
It's the showdown that everyone has been waiting for. Gold financier Frank Giustra versus MicroStrategy CEO Michael Saylor in the ultimate gold vs bitcoin battle. Our Daniela Cambone moderates.
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Arkansas Senate Votes Overwhelmingly to Remove Sales Taxation from Gold & Silver
The Arkansas Senate just overwhelmingly approved a bill which helps Natural State citizens protect themselves from federal dollar devaluation.
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The Threat of Higher US Taxes: Trend of US Citizenship Renunciation To Rise “Dramatically”
The threat of higher US taxes, combined with other factors, could produce a sharp rise in the number of Americans seeking to give up their citizenship, an advisor working in the space says.
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Washington House Approves New Tax on Capital Gains
The measure would impose a 7% tax on the sale of stocks, bonds and other high-end assets in excess of $250,000 for both individuals and couples. Retirement accounts, homes, farms and forestry would be exempt.
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Senate Republicans Outline Their Own Infrastructure Plan — Here's What's in It
Senate Republicans unveiled a smaller infrastructure plan than the one President Joe Biden hopes to pass.
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Even QE-Addled Markets May See This As A Tail-Risk Off: Michael Every, Rabobank
In short, we have the optimism of Build Back Better alongside what may be the pessimism of the rawest of realpolitik – but whoever said that there can only ever be one narrative at a time? Wouldn’t that make trading as easy as central banks have been trying --and still failing--to? Or, more cynically, aren’t both actually part of the same meta-narrative
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The Covid Economy (How Today's Stimulus Will Destroy Tomorrow's Society)
For more content that'll help you build wealth and thrive in a world of out of control central banks and big governments check out the videos below!
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The Federal Reserve Should Not Finance Insane New Spending
Since the onset of the pandemic, Congress has been spending more money than ever. The pandemic hit when it was already projected that in fiscal 2020 the federal budget deficit would once again top $1 trillion. On October 16, however, USA Facts reported that the 2020 deficit was $3.1 trillion. That’s more than twice as much as the previous record of $1.4T set in 2009 in the wake of the financial crisis.
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