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
After Brexit, there has been a growing number of voices within the European Union and among various nationalistic groups arguing that English should be replaced as the official language since now only Ireland and Malta retain English.
The loudest quarter calling for a change has come from the French who, not surprisingly, want their own tongue to become the lingua franca of the EU. Eric Zemmour, a French conservative commentator, asserts, “I think this is the time to launch a counter-offensive in favour of French, to recall that French was the original language of EU institutions.”*
Continue reading
By the early 13th century, beset by endless wars with France, internal rebellion among the royal family, and a costly fight with the Church, England was heavily in debt and running out of funds.
To bring in some quick cash, King John demanded that his nobles pay a much heftier tax rate. And if they didn’t, he threatened to seize their lands.
But in 1215 the barons reached their breaking point. Fed up with the king’s demands, they marched their combined armies to London, took over the city, and forced King John to sign a groundbreaking document which laid out strict rules for the king to follow.
This document came to be known as the Magna Carta. Continue reading
I am a long-time resident of Arizona and a combat veteran of Vietnam. I volunteered to serve our country during the 1970s when the convenient and popular sentiment was to protest all things American, especially the war.
I am conservative. I derive my values from our Constitution, Bill of Rights, and my morals from my belief in a higher power. What is right for our state and our country should not be influenced by political party leanings or affiliations. And it certainly must not be controlled by an oligarchy. Continue reading
