Gold and Silver Industry & Investing News
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US Retailers Count the Cost of Surging Shopping Crime: FT
More than 80 per cent of US retailers had an increase in losses last year, according to Jack L Hayes International, a “loss prevention” consultancy. Respondents to its survey apprehended 46 per cent more shoplifters and dishonest employees, retrieving 70 per cent more in stolen goods, but for every dollar they recovered they reported losing more than eight dollars to theft.
READ MOREIt’s ‘More Expensive to Live,’ and Workers Are Tapping 401(k)s for Help
More Americans are raiding their retirement accounts as the cost of living climbs, and experts predict that the number of workers drawing on their 401(k)s to pay for financial emergencies may increase due to a confluence of factors, like new provisions that make withdrawals easier and high inflation that is straining household budgets.
READ MOREFood Price Inflation Is Proving Stubbornly Persistent: FT
There is perhaps no political variable more important throughout history than the price of food. No government, whether democratic or dictatorial, will be seen as legitimate by people who cannot afford to feed their families. So it is bad news that just as the price of energy is coming down from its extreme peaks last year, and households are beginning to feel that particular pinch loosen, food price inflation in much of the world remains stubbornly high.
READ MOREMajor Central Banks Were Expected to Pause Rate Hikes Soon. Now It’s Not So Clear Cut
Stronger-than-expected U.S. jobs figures and GDP data have highlighted a key risk to the Federal Reserve potentially taking its foot off the monetary brake.
READ MOREDebt Ceiling Deal Keeps Non-defense Spending Roughly Flat Until Fiscal 2024
A deal reached to raise the U.S. federal government's $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday,
READ MORETreasury Bills Climb as Traders Bet Congress Will Pass Debt Deal
Soon-to-mature Treasury bills rallied as trading resumed after the Memorial Day holiday, following a tentative deal over the debt ceiling which eased concerns of a US default.
READ MORETotal Farce: Real Spending Under Debt Ceiling Deal Actually Goes Up Next Year
That's right: that 0.2% cut in spending is what all the brewhaha was over, a cut which will not only push total debt to $35 trillion by the end of Biden's term, but will not even put a dent in the long-term US debt trajectory which even the CBO has no problem as showing in its full, hyperinflationary glory.
READ MOREGlobal Markets-Dollar, European Stocks Fall With U.S. Debt Deal Congress Vote in Focus
European stocks and the U.S. dollar fell, after climbing to a two-month high, on Tuesday as relief that the U.S. government had averted a possible default gave way to concern that the deal could face a rocky path through Congress. But the dollar and European stocks slipped, dented by uncertainty about whether Congress will approve the deal after a handful of hard-right Republican...
READ MOREDebt Deal to Hit a US Economy Already Facing Recession Risk
(The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.
READ MORE'Kevin Caved': McCarthy Savaged Over Debt Ceiling Deal
The hits just keep coming for Speaker Kevin McCarthy, as angry Republicans have been outright rejecting the debt ceiling deal which raises it by roughly $4 trillion for two years, doesn't provide sticking points sought by the GOP.
READ MOREWhy Gold Still Has a Shot to Reach a Record High This Year: MW
A Fed pause in its rate hiking campaign raises a flag — that the economy is so weak that the central bank is afraid of causing too much damage by increasing rates further, she said. “This is gold positive both because a weak economy sends investors running to gold, and because lower rates make gold more attractive to own,” Casanova explained. “The longer-term implications of a Fed pause on inflation expectations could also support gold,” given questions over whether inflation will remain elevated, she said, as gold is considered a hedge against inflation.
READ MORENext Generation Money, Part 1: Texas Re-Imagines The Dollar Into Gold
Texas Lawmakers Consider Creating Gold-Based Digital Currency for Use by Anyone Anywhere. Texas could become the first state in the nation to issue its own digital currency based on gold and silver.
READ MOREAncient Greek Gold Coin From Crimea Sells for a Record-Breaking $5,926,080.00
A gold stater has sold for more than £4.8m or $5,926,080.00 setting a record for the most expensive ancient coin sold at auction. The coin from ancient Greece was sold at a Numismatica Ars Classica auction in Zurich last week for SFr5.39m with fees.
READ MOREThe Strongest Fundamentals for Gold Since 2008: Video
Tom welcomes back David Kranzler of Investment Research Dynamics to the show. David discusses how companies often reframe their results to be more "socially acceptable". During the tech bubble the game of earnings management evolved; analyst's influence drove the consensus estimates down and then, when the company beat the estimates, it painted a manipulated picture of their financial standing.
READ MOREIs It Time to Buy Silver? Here Are 3 Reasons to Do So
Silver outperformed main fiat currencies in the last two decades. Historical performance is one of the best reasons to add silver to a portfolio. That is, besides the fact that it is not correlated with the stock market. As a rule of thumb, the less the correlation, the better the decision to add an asset to a portfolio.
READ MOREHere’s the WEF vision of Digital ID
t’s just a conspiracy theory right? Nothing to see here whatsoever.
READ MOREThe Death of Privacy… and What Comes Next
In practically every country, the allowable limit for cash withdrawals and transactions continues to be lowered. Further, rampant currency debasement is lowering the real value of these ridiculous limits. Why are governments so intent on phasing out cash? What is really behind this coordinated effort?
READ MORENobody talked about the release of real GDP today. It shrunk 2.3% SAAR in Q1: David Rosenberg
It shrunk 2.3% SAAR in Q1 after a 3.3% Q4 contraction. Averaging it out with GDP, the economy has contracted for back-to-back quarters and in 4 of the past 5! The recession has arrived and nobody’s noticed.
READ MORECountries Interested in Joining Brics: Full List
The BRICS alliance is going to get much bigger.
READ MOREForeign holdings of US Treasuries just reached the lowest level in 19 years: Tavi Costa
This concern is further amplified by the diminishing availability of buyers for Treasury securities. The current lack of demand is indeed a growing problem that may ultimately necessitate the intervention of the Fed as the buyer of last resort.
READ MORE