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 NEWSContagion! Evergrande, Inflation, Shortages & Fed Taper To Worsen Slowing Economy
The world has become a lot more volatile over the past few weeks. Markets are lurching up & down as investors have become suddenly concerned about contagion. And not just from the new COVID variants. But contagion from the failure of big players in China, like Evergrande, and contagion from rising input costs caused by both stimulus and snarled global supply chains.
Uranium Is Up Over 60% In The Past Month! Here's Why
Suddenly, uranium is in the spotlight. It's price has jumped by over 60% in the past month. To understand why, we sat down with the man whose fund just moved the market by buying 10 millions pounds of it in the past few weeks - John Ciampaglia, CEO of Sprott Asset Management.
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Treasure Hunter Finds 1,500-Year-Old Gold Hoard Buried by Iron Age Chieftain
An amateur treasure hunter wielding a metal detector has discovered a stunning gold hoard buried by an Iron Age chieftain in the sixth century in what is now Denmark. The stash includes lavish jewelry, Roman coins and an ornament that may depict a Norse god.
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Gold Prices Settle Higher, As Evergrande Woes Boost the Metal’s Haven Appeal
Gold futures settle higher on Friday, a day after posting their sharpest daily loss in a week, as investors continue to digest the Federal Reserve's monetary policy plans, as well as China' s crackdown on cryptocurrencies and developments tied to property giant Evergrande.
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World Bank’s Malpass Weighed Changes That Threatened China Rank
World Bank President David Malpass discussed altering the methodology of a high-profile report ranking countries’ business climates in ways that threatened to hurt China’s standing. Those talks came more than a year before senior officials suspended publication of the report, which was ultimately quashed last week after an outside audit cited pressure...
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How U.S. Regulators Are Cracking Down on Cryptocurrencies
Regulators globally are cracking down on cryptocurrencies, alarmed at a rapidly expanding market that exceeded a record $2 trillion in April. China on Friday said it was banning all crypto trading and mining, sending digital coins tumbling. Global regulators worry the rise in privately operated currencies could undermine their control of the financial and monetary...
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JPMorgan, Barclays, Credit Suisse See Faster Inflation in Brazil
Major international banks including JPMorgan & Chase Co, Barclays Plc and Credit Suisse Group AG warned that Brazil’s inflation expectations for 2022 risk deteriorating further after consumer prices jumped more than expected.
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Why Cash Will Be Obsolete Within a Decade
Central banks like the US Federal Reserve are printing more paper money than ever. Prasad’s book, is a sweeping survey of fintech, crypto assets, and central bank digital currencies (CBDCs). Prasad, who has also written books about the Chinese renminbi and the US dollar, says the research that went into writing it has made him an optimist about our digital future.
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New York Fed Researchers Develop Climate Stress Test for Banks
Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks' exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them. The publication Friday of a paper describing the new methodology may mark an early step...
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Crackdowns Have Turned China Into a ‘Truly Totalitarian State’
The People's Bank of China said they will clamp down on "financial misbehavior" to maintain the "social order"!
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Costco, Nike and FedEx Are Warning There’s More Inflation Set To Hit Consumers
Rising inflation expectations could cause the Federal Reserve to change policy course.
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Internet Freedom on the Decline in US and Globally, Study Finds
The study cited a lack of regulation in the domestic tech industry, and the rise of authoritarian agencies abroad.
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Too Much Inflation? Just Raise the Inflation Target!
In late August, Fed chairman Jerome Powell suggested that the Federal Reserve would begin tapering before the end of the year, an admission that price inflation was rising above the 2 percent target. Nonetheless, the Fed took no immediate action in the following month.
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Pack Your Own Parachute!: Miller on the Money
I published this article five years ago. Sadly, things seem to be getting worse. The message is even more important today....
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Unfinished Houses for Sale Pile Up, Total Inventory Highest since 2008
Sales of new single-family houses fall 24% from a year ago. The lower end has died.
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Wealth Without Work
Charles Hugh Smith argues that it is delusional to expect to get rich while producing nothing. It is a lesson many Americans may soon learn.
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JPMorgan To Pay $15.7 Million To Settle Lawsuit Manipulating Prices of U.S. Treasury Futures, etc.
JPMorgan Chase & Co agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options. The settlement disclosed late Wednesday night stemmed from sprawling U.S. government investigations into illegal trading in futures and precious metals...
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What's Really Going On in China
Losses will be taken and sacrifices enforced on those who don't understand the Chinese state will no longer absorb the losses of speculative excess.
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10-Year Yield Jumps to 1.43% as Bond Market Reacts to Tapering, Rate Hikes, and Inflation
The Fed is getting nervous about inflation. “Temporary” doesn’t cut it anymore. And the bond market is getting a whiff of it.
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The Coming “Reversion To The Mean” Of Economic Growth : Lance Roberts
From stimulus boom to income thud, the coming "reversion to the mean" of economic growth is happening faster than economists expected.
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Asia Gold-China Markets Buzz As Buyers Seek Cover From Evergrande Risks
Physical gold demand in top consumer China rose this week as buyers sought cover from the potential fallout of the Evergrande crisis coupled with factors including a seasonal pick-up in activity. In China, premiums rose to $7-$12 per ounce over global benchmark prices, from $5-$9 last week.
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