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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 NEWSThe Race To Debase the World's Currencies - Mike Maloney
Would you like to know why Mike Maloney gets so frustrated when people incorrectly refer to currency as money? It has a lot to do with what he calls 'The Race To Debase'. Join Mike in his latest update where he covers the huge change to the Federal Reserve’s balance sheet, reads a segment from his new book, and answers viewer questions. Premieres at 5pm EST, see you there.
How To Get 12x More Gold Than You Paid For - Mike Maloney with Nuggets News
Could it be possible that there is a simple strategy that could allow an investor to own twelve times the gold they paid for? Join Mike Maloney as he explains the hidden forces behind the scenes of the gold/silver ratio, monetary demand for silver, and the opportunity that may await the patient and disciplined investor.
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Dollar Posts Biggest Weekly Fall Since 2009
The dollar posted its biggest weekly decline in more than a decade on Friday, as trillions of dollars worth of stimulus efforts by governments and central banks helped temper a rout in global markets driven by the coronavirus pandemic.
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Coronavirus Pushes London Banks to Consider Additional Gold Storage Sites
The five banks that clear gold trades in the London market are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of London, said two sources involved in the discussions.
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Gold Eases on Profit Taking, but Poised for Best Week in 11 Years
Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus' economic toll, but the metal was headed for its best weekly gain in more than 11 years.
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Trump orders General Motors to make ventilators under Defense Production Act
President Donald Trump has ordered General Motors to make ventilators under the Defense Production Act hours after criticizing the company for not acting quickly enough to produce the supplies amid the coronavirus pandemic.
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The Collapse in Money Velocity and the Coming Deflation
The second chart below shows what happened to the velocity of money after the 1929 crash. When data for V is updated for this current period, we expect to see a similar decline. The question, of course, is will this large decline in the velocity of money persist?
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Draghi: Europe Must 'Prevent From Morphing Into a Prolonged Depression’
‘The challenge we face now is how to act now with sufficient strength and speed to prevent the recession from morphing into a prolonged depression, made deeper by a plethora of defaults leaving irreversible damage.’
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People Responsible For The World's Food Supply Starting are To Get Sick
Sanderson Farms, a large poultry manufacturer and Smithfield Foods, the world's largest pork producer, have both reported their first couple of positive cases of coronavirus.
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Brazil Headed for 'Whatever It Takes' QE as Coronavirus Crash Looms
Brazil's central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America's largest economy is as devastating as some economists fear. Many observers expect Brazil's $1.8 trillion economy to post its first annual contraction...
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Here Is A Breakdown Of The $12 Trillion In Global Stimulus Passed This Month
"Markets stop panicking when policy makers start panicking."
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Infinite QE Is Destroying Traditional Bond Fund Strategies
(Bloomberg) -- In a matter of weeks, bond investors have seen some of their firmest market convictions swept away in a massive confluence of government stimulus and central bank intervention. Now, they’re being forced to rework their strategies for a new era.Core tenets such as what constitutes a safe
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After Virus ‘War,’ Bretton Woods Style Shakeup Could Dethrone the Dollar
Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.
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Economists Dancing On Inflation’s Grave, Let’s Hope It Stays Dead: Forbes
Since the coronavirus hit U.S. shores and forced a partial shutdown of the most powerful economy in the world, financial analysts and commentators have spent most their time debating one question: how much money can we pump into this economy?
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U.S. Home Healthcare Industry Warns of Possible 'Collapse'
Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus -- and how to ensure that the providers themselves neither catch nor spread it.
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Homebound Workers Close to Overwhelming Internet Junctions
With so many workers videoconferencing from home - while their children stream videos and play Fortnite - the internet is creaking at the seams, according to Nokia Oyj.T he junctions between different internet networks are close to being overwhelmed, the Finnish telecom equipment company
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"The Bond Bubble Pops": This Is Why The Fed Bailed Out The Bond Market
There is a reason why the Fed took the unprecedented step to announce it would begin buying corporate bonds this week: according to Bank of America, which is looking at the latest EPFR fund flow data, March 20 was the "bond capitulation day" when a record $34.6BN in redemption from bond funds took place.
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House Passes $2 Trillion Coronavirus Stimulus Bill, Sends It to Trump
Trump has promised to sign the bill quickly, as widespread layoffs hit workers and hospitals ask for more resources to fight the coronavirus.
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S&P, Moody’s Cut Credit Grades at Fastest Pace In a Decade
S&P Global Ratings and Moody’s Investors Service are downgrading U.S. companies at the fastest pace in more than a decade as debt-saddled corporations and entire industries struggle with a dramatic slump in demand brought on by the coronavirus pandemic.
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Unemployed Workers Could Get More Than 100% of Their Paycheck Under Bill
The coronavirus relief bill would significantly expand unemployment benefits. For some workers, it could pay to be unemployed.
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Trump Rages After Congressman Oppose Coronavirus Stimulus Bill
President Donald Trump on Friday lashed out at Rep. Thomas Massie, calling him a “third rate Grandstander” after the Kentucky Republican signaled he would oppose a $2 trillion coronavirus relief bill.
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