Reagan White House Budget Director and best-selling author David Stockman says, "This is not the time to be invested in the markets..."
The obvious difference is in the money: gold-backed dollars then compared with unbacked fiat today.
I know it sounds ridiculous.
Gold has served as a lifeline for Indians pummeled by the economic storm caused by the government response to the coronavirus pandemic.
The long-term case for gold remains intact. The ratio of total US M1 (adjusted for the recent savings deposit re-classification) to gold has continued to surge higher, showing the underlying trend remains bullish.
Apparently, the silver squeeze bullion buying movement has now reached the "they laugh at you" phase.
As negative-yielding debt has begun to soar again, gold has caught a bid, but cryptos have been unable to rebound...
"...bill that would require all gold produced in the country to be offered to the central bank..."
Since the start of the SilverSqueeze in late January 2021, the Sprott closed-end fund PSLV has now purchased +58 million oz of silver bullion, increasing from approximately the fund's holdings from 90 million oz (Jan 2021) to the recent total of over
Let's investigate the relationship between real interest rates and the price of gold.
On April 5, 1933, under the pretext of a national emergency, President Franklin D. Roosevelt issued Executive Order 6102, making it illegal for U.S. citizens to own gold.
One of the big stories over the last year had been the spike in lumber prices. We wrote about that last month (Wood Versus Wood), noting that the performance of the iShares Global Timber & Forestry ETF (WOOD) was starting to intersect with that of Ca
Having been slapped in the face by an unemployed fan of medieval swordsmanship who said he is a right-wing sympathiser yesterday, French President Macron was back at work today, making headlines in his latest press conference.
Eleven years ago, we reported Abu Dhabi's Emirates Palace Hotel had installed the world's first physical gold ATM.
SBTV spoke with Rick Rule, President and CEO of Rule Investment Media, about how the best gold-backed tokens built on the promising distributed ledger technology could bring back gold and silver as money.
Heavily Shorted Top Names Fared Well
A number of events are coming together which are set to push gold prices higher.