Gold is the talk of the town. While the attention is warranted, the real focus by analysts, investors, and gold bugs should be silver. Silver has been on a tear since cratering to around $11 in March. The white metal has soared more than 43 percent since April, climbing to a four-year high of $21.42 […]
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U.S. air travels for the first time since April as coronavirus cases explode
One of the leading data points to suggest the U.S. economy was on track for a V-shaped recovery was air traffic. When economies across the country started reopening, air travel started increasing. It looks like the trend is starting to ease. According to new Transportation Security Administration (TSA) data (via CNBC), 4.65 million people passed […]
Citibank: 30% chance gold tops $2,000 within five months
It is anybody’s guess as to how high gold prices will climb in the pandemiconomy. The consensus is that it is only a matter of time before it hits $1,900 or $2,000. But what about anything above $2,000? Citibank wrote in a research note that there is a 30 percent probability that the precious metal […]
Africa’s perpetual poverty problem from socialism, protectionism
By: Germinal G. Van During the postcolonial period, most of the African countries which had opted for socialism as their economic system also adopted protectionism as an economic measure to favor certain politically preferred industries. Policymakers wanted to protect domestic industries from foreign competition through tariffs, subsidies, import quotas, or other restrictions or handicaps on the imports of foreign competitors. […]
WATCH: Rioters loot an Amazon store in Seattle
Didn’t Representative Alexandria Ocasio-Cortez (D-NY) recently tell us that people are rioting in the streets because they want bread? Well, it turns out that rioters are destroying property and looting stores for more than just bread. Case in point, here are Antifa members smashing the windows and vandalizing the exterior of an Amazon store in […]