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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Interest Rates on New Federal Student Loans Will Rise by Nearly 1% As of July
The interest rates on federal student loans will rise by nearly 1% starting in July. Here's what else borrowers need to know.
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More Than 1 Million Americans Will Lose Supplemental Unemployment Benefits in 14 States
More than 1 million people will see a loss or reduction in jobless benefits due to state withdrawal from federal unemployment programs.
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Corporations Are Getting Rich off Government Aid
"I don't understand why money is leaving my pocket and going into the pocket of somebody who is wealthy."
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Why Inflation Is at a 12-year High
Yesterday, the Bureau of Labor Statistics (BLS) released numbers indicating that the average price level of consumer goods has risen 4.2% since this time last year. This is the highest rate since 2008. Some economists say "don't sweat it." This economist says they're wrong.
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Visualizing Interest Rates by Country in 2021
Are short-term interest rates rising or falling around the world? In this infographic we show interest rates by country in 2021.
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Gold Claws Its Way Higher As U.S. Yields, Dollar Falter
Gold bounced off a one-week low hit earlier on Thursday as the U.S. dollar and Treasury yields slowed their advance, bolstering the precious metal’s appeal.
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Gold’s Recent Headwind Shifts To A Tailwind: Felder
Should the nascent trends in inflation and interest rates prove to be more than "transitory," it would appear that the gold price could be significantly undervalued.
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There's a Long Way Down If Inflation Takes Root
This isn’t that great a reaction to numbers that could still prove transitory. But the reaction in stocks does demonstrate that they have been priced for perfection. If inflation does take root, they have plenty of room to fall further.
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People Are Panic Buying Homes as Prices Skyrocket Around the World
...house prices soared even as the world suffered its worst slump since the Great Depression. From New Zealand to the United States, Germany, China and Peru, the same phenomenon has taken hold: home prices are skyrocketing, and many buyers are panicking.
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Yes, the National Debt Matters
Many Democrats and Republicans act like spending isn't an issue. Here's why they're wrong.
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According to Leuthold Group, the S&P 500 Index Is at Risk of Falling 37%
According to Leuthold Group, the S&P 500 Index is at risk of falling 37% should its multiples to sales and earnings return to their mean levels since 1995, a starting point picked to capture a broad upward shift in valuations.
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Bank of Canada Says Qe Can Widen Wealth Inequality, Is Probing Its Effects
The Bank of Canada said on Thursday that some of the monetary policy tools it is using to address the COVID-19 pandemic, such as quantitative easing (QE), could widen wealth inequality and that it was looking closely at the issue.
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Monetary Control: Central Banks Today - AIER
"The Fed’s operating framework systematically tends towards the abuse of life, liberty, and property. If we want to fix this, we need to take a much closer look at the relationship between money and freedom. Only if we understand this relationship, philosophically, economically, and...
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"No Panic": Markets Surge As "Transitory Inflation" Narrative Reasserts Itself
It seems that the "non-transitory" inflation panic that gripped markets yesterday, resulting in the biggest one-day drop in the S&P since February, is gradually transitioning to "transitory" again, and even though today's y/y PPI print of 6.2%, the highest on record, reaffirmed the soaring prices narrative...
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Fed Officials Have Six Reasons to Bet Inflation Spike Will Pass
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook...
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As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges: NYT
A sprawling system meant to police trillions of dollars is showing signs of strain as watchdogs warn of waste, fraud and abuse.
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Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. It’s a Lot Worse than it Appears
Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners.
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Billionaire Investor Barry Sternlicht Says He Has Long-Term Concerns about the U.S. Economy
"We have to get off of this sugar-cane and Fluffernutter economy and get to the meat-and-the-potatoes economy," Barry Sternlicht told CNBC.
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Inflation Will Kill This Stock Market
I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does.
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DSM Pension Fund Invests 5% In Gold
The Dutch pension fund for specialty chemicals firm DSM has made a 5% investment in physical gold because of its diversification benefits, it claimed.
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