There is a relentless push to raise the minimum wage, both at the state and national levels. Minimum wage advocates somehow think that their wishful thinking can override basic economics. But no matter how much they… Read more
Published on: 2023-01-30
Source: Schiffgold
The mainstream is optimistic about both the economy and the Fed’s fight against inflation. In his podcast, Peter Schiff took apart the mainstream narrative, explaining that the economy is much weaker than most people realize… Read more
Published on: 2023-01-30
Source: Schiffgold
Breaking Down the Balance Sheet The Fed has a targeted balance sheet reduction of $95B a month. The Fed has failed to meet its target in 7 of the last 8 months with only an $81B… Read more
Published on: 2023-01-27
Source: Schiffgold
With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head – the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called… Read more
Published on: 2023-01-27
Source: Schiffgold
The price analysis last month titled Gold and Silver are Setting up for a Strong Advance in 2023 highlighted that both metals had shaken off the weakness and looked to be headed higher. It concluded by… Read more
Published on: 2023-01-26
Source: Schiffgold
In a recent interview, Saudi Arabia Finance Minister Mohammed Al-Jadaan said the country is open to discussing trade in currencies other than the US dollar. This could mark the beginning of the end of petrodollar… Read more
Published on: 2023-01-26
Source: Schiffgold
As we’ve reported central banks globally have been piling in gold. The question is why? The final numbers for 2022 will be in soon, but we already know that net central bank gold purchased will… Read more
Published on: 2023-01-26
Source: Schiffgold
Seasonally Adjusted Money Supply in December was negative for a fifth consecutive month, coming in at -$147B. This is the largest monthly contraction in M2 going back to 1959. This type of contraction does not happen! On… Read more
Published on: 2023-01-25
Source: Schiffgold
Gold: Recent Delivery Month Gold deliveries in January have reached 6,327 contracts with only 178 remaining in open interest. While this fell shy of the last 5 minor months, there are a few signs that… Read more
Published on: 2023-01-25
Source: Schiffgold
Fight! The kids are throwing punches in the halls of Congress and there doesn’t seem to be a responsible adult willing to step in to stop it. We’re talking about the debt ceiling fight that… Read more
Published on: 2023-01-25
Source: Schiffgold
Policy wonks and government people come up with some really dumb ideas. And a lot of those dumb ideas just won’t go away. Now that we’re in the early stages of the fake debt ceiling… Read more
Published on: 2023-01-25
Source: Schiffgold
India’s love for gold is well-known. It is the second largest gold-consuming country in the world behind China. But Indians also have an affinity for silver. Last year, silver imports into India hit a new… Read more
Published on: 2023-01-24
Source: Schiffgold