The FOMC removed “strong and resilient” about banks from its meeting statement because they saw big banking problems about to break out with the timing of their meeting.
The problem with financing economic growth with borrowing is that it’s expensive and credit cards have an inconvenient thing called a limit. Americans feel the strain.
Weir states there's a significant discrepancy in the reported price of silver, institutions vastly underestimate actual usage, leading to double the estimated silver consumption.
CBDCs will make fines and civil asset forfeitures and freezes easier when your money is in the central bank. It’s one more reason to own gold—but not store it in a US safe deposit box.
Mike cites the January jobs report as an example of the good news is bad phenomenon and makes the case that we probably shouldn’t put a lot of stock on these government numbers to begin with.
Experience from Bretton Woods and the need to periodically increase the gold price suggests that Europe would target the price in the free market in order to stabilize it.
President and CEO of Fortuna Silver, Jorge Ganoza on the second full quarter of high-margin gold production from the Séguéla Gold Mine in West Africa, plus a healthier balance sheet.
Powell sounds a lot like former Federal Reserve Chairman Ben Bernanke who insisted in 2007 that problems in the subprime mortgage sector were “contained.” And we know how that turned out.
In the current environment, holding some of one’s liquid wealth outside the banking system is an essential asset protection strategy. Physical precious metals cannot be digitally “lost” or canceled.
