Precious metals are apparently waking up. And here is where you can find the best deals.
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Precious metals news
Aug 11, 2016 - 15:10:46 PDT
Central banks are printing money as though the global economy is in freefall … Central banks around the world are now spending $200 billion a month on emergency economic stimulus measures, pumping this money into their economies by buying bonds.
It made the metal one of the best performing assets of the year.
It's now one year after the 50th anniversary of the official beginning of the great silver shortage. For the outside world, it may very well be the least known.
While the Fed & Central Banks continue to prop up the markets by purchasing Stocks, Bonds & everything including the kitchen sink, Americans are feeling the pain in many ways.
David Stockman explains that there will be no mighty central bank “put” to stop the sell-off or to brake the doomsday loop of an ETF sector that is nearly four times larger than last time.
The price of gold is up 26% for the year so far. Overall, the price increase is beginning to change investor portfolios, as more people consider buying gold and other precious metals. However, the hike in gold prices is also starting to influence governments and cultures all over the world, from Japan scouring the ocean floor for gold to Egypt changing its long-held marriage rites.
If you step back & weave all of these points together, the picture of rising recession risks clearly emerge. The outcome for investors is likely not pretty.
Investors who scored big gains by swooping in at the bottom of the last two U.S. equity selloffs now are backing away from the market.
All three U.S. stock benchmarks rose together to record highs for the first time in 16 years amid surprising earnings. European shares erased the slump that followed Britain’s secession vote. Oil climbed, while Treasuries slumped.
Danielle DiMartino-Booth discusses the Federal Reserve & the ongoing "monetary policy dilemma" they face.
“Bubbles in credit” remains by far the biggest investor concern, trumping all current macro issues.
The good news is there is a way to avoid failure and stagnation: avoid the mainstream like the plague.
Multigenerational households have reached an all-time high.
The reality was far more grim. Those “jobs” weren't actually created by businesses – they were created by the statisticians who compiled the numbers, through the process of “seasonal adjustment.”
Aug 11, 2016 - 12:05:15 PDT
If there is no fear, then how is it that net speculative position on Gold on the COMEX is back near an all-time high
US LIBOR continues to rise. LIBOR may not be what it was before the Great Financial Crisis, or before the scandalous revelations. However, it remains an important benchmark.
The middle class, squeezed by years of declining standard of livings through a deadly cocktail of rising taxes, falling services & benefits, & stagnant high-end job creation and wage growth, do not benefit from this type of recovery.
Additionally, he added that the precious metal appeals to investors, because it offers better returns in a negative interest rate world.
the last six times tax receipt growth was at this weak a level, the American economy was in recession...
A bull market in gold and silver has been confirmed, but no bull market is sustainable on a nonstop price spike, therefore, it is not if but when a correction […]