By: Ryan McMaken In June, for the third month in a row, money supply growth surged to an all-time high, following new all-time highs in both April and May that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the […]
Money
Goldman Sachs warns inflation could threaten U.S. dollar’s reserve currency status
Inflation was low. The U.S. dollar is the premier reserve currency. Gold is just a shiny metal to look at in your vault. It has been hard to convince Wall Street to acquire gold. Well, it looks like institutional investors are placing all bets on the 5,000-year-old metal and sounding like students of the Mises […]
Gold rallies to record high on inflation, coronavirus fears
Gold did it! After weeks of will-it-won’t-it, the yellow metal finally hit an all-time high. Gold prices settled the Monday trading session up more than $33 to around $1,931 per ounce. The yellow metal climbed to as high as $1,942 in intraday trading before paring some of its gains. Year-to-date, gold prices have surged 27 […]
Random Friday: PBoC to pause easing, a COVID-19 tax, Joe Biden’s nostrils
News Story of the Day: Is China set to be the first country to hit the pause button on monetary stimulus in response to the coronavirus pandemic? Reuters is reporting that the People’s Bank of China (PBoC) is unlikely to pull the trigger on any other stimulus measures to support the economy, mainly due to […]
Have your investment habits changed since the last gold, silver bull run?
By: David Smith We tend to spend a lot of time looking into the rearview mirror, especially when under duress. Connected to this is something psychologists call “recency bias.” This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in […]