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 NEWSTop Money Hacks For Financial Freedom
Want more money?Who doesn’t, right?Though that may not be truly what you really want.What most of us actually crave is financial freedom. To enjoy a lifestyle free from money worries and that funds our needs and wants.Sam Dogen, famous online as the Financial Samurai, has spent the past decade educating audiences about effective wealth-building strategies that anyone can successfully pursue, regardless of current income or net worth.
The Cheapest Asset in the World
Silver outperformed gold last year, and has so far this year, too. The gold-silver ratio has fallen from 123 last March to 64 today. Silver’s 12-month performance is also strong, up about 60% since last February 28. And yet, silver remains one of the most undervalued investments that can be bought today. Regardless of what asset class you compare it to, silver offers better value to investors right now than almost anything else.
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House Dems Pass Biden’s $1.9 Trillion COVID Relief Package
Around 0200 ET Saturday morning, the Democratic-led House of Representatives passed the second-largest stimulus package of the pandemic that includes a $15 minimum wage hike. The bill's passage comes as COVID-19 deaths top half a million, and more than ten million people have lost their jobs and are battling food and housing insecurities.
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Why Has The Fed Unleashed A Whirlwind of Inflation?
We live in unprecedented times of governmental, bureaucratic and authoritarian overreach. It is no surprise that The Federal Reserve, with its extreme counterfeiting of money and credit has also extended itself way beyond what anyone could have imagined. The Fed has sown the wind, and will reap a whirlwind of inflation. Central planning always fails. This time will be no different.
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Gold Slumps as U.S. Yields, Dollar Rise
“Gold is struggling due to what’s going on in the bond market,” said Bob Haberkorn, senior market strategist at RJO Futures, adding ”(but) gold prices at these levels look like a great buy.”
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Deflation and the Demise of Cash
One of the consequences of the pandemic has been that is accelerating trends that were already in force. The prime example is online shopping but the close corollary of that is, of course, the demise of cash. It now seems that many developed economies are hurtling down the road to a cashless society. This will have profound implications.
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Dow Drops 475 Points to End Losing Week on Rate Fears
Economists and investment managers say the bond market is reacting to positive economics as vaccines are rolled out and GDP forecasts improve, which should benefit corporate profits. But the move could also signal faster-than-expected inflation ahead.
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Yellen’s Steeper Yield Curve Lets Banks Finance the Huge US Budget Deficit
Put another way, the United States now resembles Italy, Europe’s basket case, where the main function of commercial banks is to finance the state deficit, while the state hands out subsidies to various political constituencies.
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Democrats Vow to Penalize Big Corporations That Don't Pay $15 Minimum Wage
Top Democrats are drafting new plans that would penalize big corporations that pay their employees less than $15 an hour.
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Oil and Debt: Why Our Financial System Is Unsustainable
This has created an illusion that we can always create money out of thin air and it will magically hold its current purchasing power for ever greater amounts of energy, food and water.
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Fed’s QE: Assets Hit $7.6 Trillion. Long-Term Treasury Yields Spike
From crisis to crisis, and even when there’s no crisis.
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Why This QE Is Different In One Chart
Robin Hood traders don’t bother reading. The latest round of central bank balance sheet expansion, which will reaccelerate soon as Biden’s COVID bill is passed, needs some context. By t…
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Biden’s Virus Relief Plan Threatens to Trigger Medicare Cuts
Biden’s $1.9 trillion coronavirus relief package would trigger cuts to Medicare & other programs early next year unless Republicans agree to a waiver, a hurdle that could give the GOP leverage over Democrats’ slim majorities.The Congressional Budget Office said in a letter Thursday to House Minority Leader Kevin McCarthy that Medicare would face a $36...
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The Wave of COVID Bankruptcies Has Begun
Experts warn that because bankruptcies lag other signals of economic distress, a mountain of filings may be to come. New data show what industries might be most at risk.
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Massive Restructuring of the Economy Will Likely Generate Further Declines in the Middle Class: MW
Most Americans believe themselves to be members of the middle class. But a new report has shed light on who really makes up this segment of society — and how their numbers are shrinking.
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Interest Rates Are Losing Their Relevance
For millennia, interest rates have been the primary tool for setting the price of money. They have determined how medieval kingdoms financed faraway conquests and modern nations fought wars.
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Dollar Gains on Higher Yields, Safe Haven Bid, Risky Currencies Weaken
Yields have surged as an acceleration in the pace of vaccinations globally and optimism over improving global growth bolster bets that inflation will rise. That has also led investors to price in earlier monetary tightening than the Federal Reserve and other central banks have signaled.
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Biggest Bitcoin Fund Sinks to Record Discount as Mania Cools
The world’s largest Bitcoin fund is selling off faster than the cryptocurrency itself as investors rush to the exits.The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 22% this week, outpacing a 17% decline in the world’s largest cryptocurrency. That’s evaporated GBTC’s once-massive premium to the Bitcoin it holds, with the price of GBTC closing 3.8%...
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Us Removes Stumbling Block to Global Deal on Digital Tax: FT
US Treasury secretary Janet Yellen has told G20 finance ministers that Washington will drop a contentious part of its proposal for reform of global digital taxation rules which had been the main stumbling block to an agreement.
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Democrats press case for SEC action on climate change, income inequality
House Democrats assembled a panel of experts to make the case that U.S. financial regulators must take bold action to combat climate change, economic and racial inequality because of the
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Powell Is Patient But Markets Aren’t, Challenging New Fed Policy
After Federal Reserve Chair Jerome Powell spent two days telling U.S. lawmakers the economy is in no state to be thinking about monetary tightening, financial markets suddenly started pricing in a rapid -- and perhaps too-hot -- recovery.
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