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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.

TOP NEWSHere's the Roadmap For Gold & Silver

 See full story: Here's the Roadmap For Gold & Silver U.S. Treasuries are now more volatile than gold for the first time in 45 years and that could mean trouble for your portfolio...

Displaying 1 to 20 of 49122
Sep 19, 2023 - 05:24:57 PDT

Inside the Extreme Real Estate Bubble: Mortgage vs Rent

Are you feeling the pinch of skyrocketing home prices and soaring rents? You're not alone.

Sep 21, 2023 - 13:06:35 PDT

The Escalating Impact of China on Gold Prices

China, in a strategic move, increased its gold reserves in August, positioning itself positively in the global market. While global gold ETFs saw outflows, Chinese ETFs recorded inflows, highlighting the nation's strong inclination towards the precious metal. The Shanghai Premium, an indicator I've monitored, has been consistently bullish, reflecting China's burgeoning demand for gold. With the launch of the Shanghai Gold Exchange in 2014 and steady growth in official reserves, China's influence in the gold market has undeniably risen. This move not only showcases the public's trust in gold as a safe-haven asset but also emphasizes China's vision to play a dominant role in the gold sector.

Sep 21, 2023 - 12:55:35 PDT

Russia Becomes UAE’s Main Important Gold Supplier

Following Western sanctions due to Russia's incursion into Ukraine, the UAE's primary gold supplier in the past year was Russia. According to the UN's Comtrade database, the UAE imported 96.4 tons of Russian gold, constituting about a third of Russia's yearly mining output and marking over a 15-fold yearly surge in gold imports from Russia to the UAE.

Sep 21, 2023 - 12:23:49 PDT

House Committee Advances Bill to Block FED's CBDC Creation

The House Financial Services Committee approved a bill banning the Fed from developing a US central bank digital currency (CBDC). Introduced by Congressman Tom Emmer, the bill highlights concerns about privacy and individual sovereignty. Despite many countries progressing with their own CBDCs, the U.S. remains divided. While the bill's fate in the House is uncertain, its prospects in the Democrat-led Senate appear grim. Rep. Maxine Waters warns the bill could hinder the U.S., especially if the dollar loses its global dominance. The House's decision on the bill remains awaited.

Sep 21, 2023 - 12:15:50 PDT

Here's How the United States Punishes it's Own People for Being Poor

The U.S. penalizes the homeless, poor, and mentally ill for merely trying to survive. Despite a housing crisis, laws against basic survival activities rise. The bail system jails those who can't pay, ruining lives. Many can't handle minor emergencies financially, yet face crippling bails and fines. Instead of aiding the mentally ill, the U.S. imprisons them. These harmful policies deepen societal rifts, showcasing the nation's misplaced priorities.

Sep 21, 2023 - 12:00:26 PDT

The Changing the Way America Does Business: Flash Mob Robberies

Rising flash mob thefts across the U.S. are devastating retailers, forcing many to lock up goods reminiscent of restrictive shopping eras. Crimes like the $300,000 heist at a Los Angeles Nordstrom are becoming commonplace. This criminal surge, combined with staff cuts and increased costs, is endangering the traditional shopping experience. The situation reflects a failing system due to misguided policies favoring criminals over law enforcement.

Sep 21, 2023 - 08:34:11 PDT

Nearly Half of US Young Adults Living With Parents

Amid pandemic lockdowns, record inflation, mounting student debt, and an unstable job market, more young adults are living with their families than striking out on their own. The American Dream seems shattered, with 45% of Americans aged 18 to 29 living with family. This dismal economic situation, reminiscent of the 1940s post-Great Depression era, suggests the current landscape is stacked against young people, rendering financial success nearly unattainable.

Sep 21, 2023 - 08:08:10 PDT

Is the Gig Economy Nearing Its Demise?

New interventionist policies threaten to choke the gig economy, imposing burdens like fixed minimum wages. While most gig workers value their independence, these changes risk excluding many, especially the less competitive. The red tape and rising costs will hit businesses and consumers, with food service prices set to surge.

Sep 21, 2023 - 07:32:36 PDT

US Existing Home Sales Collapse In August As Fed to Cut Rates In Future

The Federal Reserve failed to raise rates, despite previous intentions to curb inflation. Their projections even indicate a potential rate decline in 2024. On the housing side, existing-home sales dropped in August, with a significant 15.3% year-over-year decline, suggesting a weakening housing market.

Sep 21, 2023 - 06:58:08 PDT

More Money Printing Coming for U.S. Amid Rapid Debt Accumulation

Billionaire Ray Dalio warns of the U.S. resorting to printing more money as its debt escalates, leading to potential economic instability. As debt surpasses income, consumption gets strained, pushing the government towards quantitative easing to increase dollar supply. The current national debt is at $33.044 trillion. Dalio also points out a looming risk: if the U.S. prints more money, leading to a drop in the dollar's value, bondholders might liquidate their holdings due to reduced bond value.

Sep 21, 2023 - 06:51:25 PDT

The De-dollarization Drive Is Spreading Wider as Indonesia Is the Latest Nation to Join

Indonesia has taken steps against the dollar's global dominance, launching a National Task Force to promote local currency transactions with partner nations. This move is in line with the growing trend of "de-dollarization," with countries like China, Russia, and India seeking alternatives to the dollar in global trade. The push to distance from the U.S. dollar is seen as an irreversible shift, as stated by Russian president Vladimir Putin.

Sep 21, 2023 - 06:44:52 PDT

Here’s Why You Should Be Worried About the US $33 Trillion Debt, No Matter What Biden & Yellen Say

The U.S. Senate's last-minute move to raise the debt ceiling only delays the looming crisis as the national debt soars past $33 trillion. Treasury Secretary Yellen's attempts to downplay concerns ring hollow, especially as the deficit balloons by a staggering 61% from last year, pushing inflation. This reckless financial path risks our global position, diminishes our economic agility, and threatens to saddle future generations with insurmountable financial burdens.

Sep 21, 2023 - 06:39:01 PDT

Continuing Jobless Claims Maintain Downward Trend. Revisions?

First-time jobless claims in the U.S. dropped to 201k last week, marking the lowest since January. This decline wasn't influenced by previous irregularities from Ohio and Minnesota. Continuing claims fell below 1.7 million, also a low since January. This robust employment data supports Powell's hawkish position.

Sep 21, 2023 - 06:12:00 PDT

Philly Fed Business Survey Shows Stagflation

September's Manufacturing Business Outlook Survey from the Philly Fed indicated a decline, moving back into contraction. The headline index fell sharply from +12 to -13.5, with significant decreases in new orders and shipments. Despite low jobless claims, the employment index contracted for the sixth consecutive month. Firms reported price increases, with 22% expecting the impacts of COVID-19 measures to intensify. Signs suggest building stagflationary pressures with slowing growth and rising prices.

Sep 21, 2023 - 06:08:21 PDT

Global Stocks, Gold Tumble As Markets Reel After Fed's Hawkish Pause

Futures are significantly down following the Fed's decision to keep rates unchanged, a move mirrored by the SNB and BOE, surprising markets and leading to declines in the franc and sterling. Meanwhile, Riksbank, Norges, and Turkey raised their rates. As of 7:45am, S&P futures fell 0.7% and Nasdaq 100 futures were down 1%. Treasury yields generally rose, with the dollar strengthening against most major currencies. Brent crude prices dropped, and gold and Bitcoin also saw declines.

Sep 20, 2023 - 12:50:16 PDT

BRICS Expands Its Global Energy and Gold Reserves Footprint with New Members

The BRICS group is expanding, with Saudi Arabia, UAE, Egypt, Iran, Argentina, and Ethiopia joining, strengthening its global economic and population influence. Post-expansion, the group will control around 41% of global oil production, boosted by the inclusion of significant Middle East oil producers. The bloc also has a combined gold reserve of 5,493 tonnes. The aim is to form a powerful coalition representing the Global South's interests, especially against Western dominance.

Sep 20, 2023 - 12:40:57 PDT

Redefining 60/40 Portfolios with Gold: Crescat Capital

Equities and US Treasuries are now historically overvalued, indicating limited returns ahead, especially in an inflationary environment. As traditional 60/40 portfolios (equities/bonds) undergo reassessment, gold is gaining prominence. With Treasuries showing greater volatility than gold for the first time in 45 years, and central banks accumulating gold for stability, it's time to consider incorporating gold into the 60/40 portfolio for enhanced security and returns.

Sep 20, 2023 - 12:27:51 PDT

Bond King Jeffrey Gundlach: Warns on Stocks, Dollar Crash, and Recession in 2024

The CEO of DoubleLine Capital, a billionaire, warns of a weakening US economy due to factors like corporate layoffs, high credit-card debt, and increased mortgage rates affecting housing. He also expressed concerns about small businesses refinancing their debts at steeper rates. Gundlach, known as the "Bond King," anticipates a potential recession next year and believes the current economic growth is fueled by unsustainable government spending. With the Federal Reserve's rate hikes, the interest on government debt is set to surge significantly.

Sep 20, 2023 - 12:18:43 PDT

A New Default Cycle Has Already Started: Default Rates on All US Corporate Bonds Have Nearly Tripled

Apollo reports that a fresh default cycle has begun, with soaring default rates. U.S. corporate bond default rates have surged from roughly 1% in 2021 to 3% following the Fed's rate hikes. For speculative grade bonds, the default rates have climbed from 1.5% to 5% within a year. If the Fed manages to prevent a recession, it would be remarkable, especially as historical patterns suggest an impending recession.

Sep 20, 2023 - 11:43:11 PDT

FOMC Keeps Rates Unchanged, Points to Hawkish 2024 Outlook

The Federal Reserve maintained rates within the target range of 5.25%-5.5%, a 22-year high. Despite this, they indicated a 'soft landing' and increased growth forecasts. The 'Dot plot' reveals policymakers predict one more rate hike this year. By 2024 and 2025, rate projections increased by half a percentage point, indicating prolonged high rates. The growth forecast for 2023 is now 2.1%, up from the 1% predicted in June. Unemployment is expected to peak at 4.1%, down from the earlier 4.5% estimate. Since the last FOMC statement, the dollar has risen, while bitcoin and bonds have declined, gold rises.


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