Market conditions are aligning for the gold market as the precious metal benefits from safe-haven demand and growing expectations that the Federal Reserve will cut rates sooner than expected.
The gold market is ending the week testing resistance at $2,050 an ounce and according to some analysts, the precious metal still has room to move higher as bullish momentum is just starting to pick up. Continue reading
The gold market was moribund for the first half of the week, but contradictory U.S. CPI and PPI data pushed gold prices sharply down on Wednesday and back up on Thursday, while a sudden escalation of conflict in the Middle East on Thursday evening saw gold prices posting steady gains heading into the holiday weekend.
The latest Kitco News Weekly Gold Survey showed a continuation of last week’s sentiment, with half of retail investors predicting gains for gold next week, while more than two-thirds of market analysts are taking a bullish stance on the yellow metal’s near-term prospects. Continue reading
I’m referring to the US Secret Service’s very own role in the destruction of sound money in America.
As constitutional, sound money in the form of physical gold and silver coins – whether minted privately or not – became an annoying impediment to expanding the size and power of the federal government, central planners began circulating unbacked paper proxies and formed a Gestapo-like police agency to enforce the scheme.
Founded in 1865, toward the tail end of the American Civil War, the Secret Service originated as a branch of the US Treasury Department. Continue reading
We did it Joe! It took a tremendous push down the stretch, but the U.S. national debt was able to hit the 34 trillion dollar mark before the end of 2023. At this moment I am just so overwhelmed that I don’t know who to thank first. Over the past few years, Joe Biden, Kamala Harris, Chucky Schumer, Nancy Pelosi, Kevin McCarthy and so many other hard working spenders have been instrumental in helping us reach this remarkable achievement. And we never would have gotten here without the relentless help of CNN, MSNBC, Fox News, the New York Times, the Washington Post and all of the other mainstream news outlets that kept assuring the American people that it was okay to steal trillions of dollars from our children and our grandchildren. Continue reading
…and just WHO pays for all of this???
While illegal immigrants are restricted from many welfare programs, their children born in America do not face such limitations. Households headed by illegal immigrants and have U.S.-born children are more likely to use welfare than households led by U.S.-born individuals, according to a recent report by the Center for Immigration Studies (CIS).
At least 59.4 percent of illegal immigrant-led homes use one or more welfare programs, compared with 39 percent of households headed by people born in the United States, according to the CIS report. Continue reading
The Lost Dutchman’s Gold Mine has been the source of intrigue and mystery for treasure seekers for generations. Situated in the forbidding Superstition Mountains of Arizona, the legend of the mine is rooted in tales of immense gold deposits and the tragic fates of those who sought to claim them. The mine, named after the German prospector Jacob Woltz, who reportedly found it in the 19th century, has never revealed its location, keeping its fortune a secret and igniting a fervor of exploratory quests.
The origin of the legend can be traced back to the Peralta family from Mexico, said to have mined gold in the area until their demise at the hands of the Apaches. The narrative intensified when ‘the Dutchman’ Waltz allegedly stumbled upon the Peralta mine with assistance from a family descendent. Continue reading
Richard Nixon was many things, but he was not a fool; the Nixon tapes show the president fully understood the ramifications of price controls – yet he employed them anyway to help secure reelection.
For the last 2 1/2 years, price inflation has been eating away the paychecks and savings of the public.
Consumer prices are up roughly 20% since 2020, according to consumer price index data, and recent polls show the public believes inflation is the single biggest problem facing the country.
Unfortunately, many are so concerned about inflation that they are advocating “solutions” that would do tremendous damage to the economy and families. Continue reading
Hjalmar Horace Greeley Schacht
Always and again the magic of money presents us with problems. These problems change constantly. Time after time experience teaches us that there is no universally-valid system by means of which monetary problems may be solved. Every new situation demands new deliberations, new measures, new insights, new ideas. Each of these ideas must be informed by and subservient to the sole and single purpose of maintaining the soundness of the currency. ~ Hjalmar Schacht
I’m no economic expert, and it will probably be apparent to those who are, but I damn for sure know that a country cannot keep spending and borrowing money like ours is doing and still expect to thrive for too very much longer. They can spout all their Keynesian Modern Monetary Theory bullshit they want, and at the end of the day, financial trickery and manipulations will only prop our economy up for so long.
I’ve always been the sort to save ten dollars before spending one. Continue reading
Some have suggested that the 70s economy under the peanut farmer, Jimmy Carter, was worse, but I don’t see it. Not nearly so many were out of work as there are today – some 106 million – and even as young as I was, I wasn’t without a job from the time I was thirteen and toting shingles for one of our local roofers. Whatever is happening across the board, it’s almost as if some black plague has hit at the heart of our economy and businesses aren’t quite as willing to give new entry level workers as much as a chance as what I witnessed during the 1970s, much of which stems from corporation’s current lack of tolerance for anyone who is unwilling to go along with political correctness and the Woke ideology that’s being forced down everyone’s throat. Continue reading
Sen. Bob Menendez (D-NJ) is weathering the political storm that is threatening to destroy his political career. It may seem like one million years ago, but the New Jersey liberal is facing serious corruption charges. It’s not the first time Menendez has faced such allegations, but this one has receipts and solid evidence of potential criminal activity. We have gold bars and at least $500,000 in cash found at his residence; some money was stuffed into clothing. Menendez faces bribery charges, along with acting as a foreign agent. Spencer has more: Continue reading
