There are 9.3 million job openings currently in the U.S. labor market. In other words, there are plenty of jobs to be had for anybody seeking one. But that’s just the problem — few people without jobs are seeking work. Continue reading
Ever hear of Yodlee? Neither had I, until I discovered it was aggregating my data in my bank account, and likely selling it to third parties. This quickly became a personal dig, until I found staggering connections that I realized the public needs to be made aware of. Before you determine this has nothing to do with you, I urge you to review this article in its entirety and pay close attention to the timeline actions, because this affects ALL OF YOU, and it’s being rolled out in multiple countries. Continue reading
“I keep six honest serving-men (They taught me all I knew); Their names are What and Why and When And How and Where and Who.” ~ Rudyard Kipling
Institutions and hedge funds invest in gold… Funds and institutions, so-called professional investors, have poured enormous amounts of capital into gold over the last few years through ETFs, paper ownership in futures and options, and outright physical ownership in the form of bullion. Due to the constraints and logistical problems associated with outright ownership of large physical positions, the most significant funds and institutions with the most extensive commitments do most of their investing through gold ETFs. The chart on gold ETFs’ growth (shown below through 2020) offers ample evidence of growing institutional interest in gold ownership, including the record-breaking stockpiles’ surge in 2020. “Investment demand,” says ETF Trends, “remains robust as an increasing number of institutional investors, sovereign wealth funds, and central banks seek gold as a potential source of return and diversification to traditional stock and bond portfolios.” Continue reading
I did an interview recently with the lovely Michelle Holiday before the latest fireworks from the Cliptocurrencies. Michelle wanted to make a valid point that people have made a lot of money investing in what I believe are electronic Beanie Babies. Of course my response was that we hear from the people who have made money in the scam but not from those who lost money. In my view there are a lot more of those. Continue reading
The United States nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency. This is a huge part of their plan: a fully centralized digital currency where freedom and privacy are nonexistent.
This is the first effort of its kind in the United States. Continue reading
The gold market is still struggling to attract new investor interest that would push prices out of their trading range. However, the World Gold Council (WGC) said that it does see some improvement in the marketplace.
Thursday, the WGC said that 18.3t tonnes of gold, valued at $1.1 billion, flowed out of the global gold-backed exchange-traded funds (ETFs) in April, marking outflows for five of the past six months. In total, global assets under management (AUM) stand at 3,567 tonnes, valued at $203 billion.
“Since the peak asset levels in November 2020, gold ETF AUM has fallen nearly 14%, with 8% coming from outflows and 6% coming from the gold price selloff in US dollar terms,” the analysts said. Continue reading
Gold investors can finally breathe a sigh of relief as prices have broken resistance at $1,800 an ounce and some analysts see the potential for higher prices.
June gold futures last traded at $1,815.80 an ounce, up 1.77% on the day. Continue reading
Billionaire Warren Buffett is joining the long list of executives saying serious levels of inflation are starting to take hold as the U.S. economy roars back from the COVID-19 downturn.
“We are seeing substantial inflation,” Buffett said at the Berkshire Hathaway annual shareholder meeting broadcast exclusively by Yahoo Finance. “We are raising prices. People are raising prices to us, and it’s being accepted.” Continue reading
Gold prices are seeing little movement Wednesday afternoon after the Federal Reserve downplayed rising inflation and reiterated its stance that it is in no hurry to tighten monetary policy anytime soon. Continue reading
The paper silver issuers know that they are dealing with totally clueless buyers who don’t understand that there is no silver, they will continue to…
I have warned investors many times not to buy gold or silver ETFs or funds of any kind. The risks are multiple. Here are some of them… Continue reading
