G-7 to Expand Sanctions on Moscow With Ban on Russian Gold The Wall Street Journal
Category: Gold
Gold continues to drift lower as focus remains on rate hikes and recession Kitco NEWS
Lilly King finishes off World Championships with third gold medal IndyStar
Gold should rally, especially since… by Arkadiusz Sieron of Sunshine Profits Last week, the Fed provided the steepest rate hike in three decades. Although it was an extremely hawkish move, gold […]
It would be difficult to overstate the seriousness of this problem… by Michael Snyder of The Economic Collapse Blog Almost everyone has heard about the rapidly growing global energy crisis […]
See through their disguise! by Bix Weir of Road to Roota You cannot expect a Criminal Government to report honest and straight forward data on what’s happening in the Silver […]
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A Day in the Life of an Urban Prepper
To live a prepared lifestyle, you need to have specific goals so that you… by Daisy Luther of The Organic Prepper Author of The Blackout Book and the online course Bloom Where You’re […]
Bloomberg/John Authers/6-22-2022
“In place of gold, currency’s anchor is the trust in the central banks that issue them. Now credibility appears to be at an end. With central banks desperately ripping up their playbooks to try to rein in inflation that’s veered far beyond target, they’re admitting they’ve been wrong, and giving up on trying to steer the markets on their plans for the future. That’s alarming, because the precedent of the 1970s is not encouraging.”
USAGOLD note: Articles, like fiat currencies, come and go. Once in a while though one sticks like a gold coin in the palm of the hand. Authers sees the recent central banks’ inflation blunder as more than just a gaffe. He says they “have destroyed the trust that’s anchored the global financial system since the end of the gold standard.” So then……… Where do we go from here? If gold hedges anything, it is the shortcomings of central banks. Thus, if we now find ourselves in the beginning stages of the big one – the end of what Authers calls The Age of Credibility – gold could become a prime candidate to fill the yawning credibility gap opened by the central banks. “The word of Powell or Lagarde,” he concludes, “is no longer as good as Volcker’s, and it’s certainly not as good as gold.”
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YahooFinance-Bloomberg/Arne Delfs and Vanessa Dazem/6-23-2022
“Europe’s largest economy faces the unprecedented prospect of businesses and consumers running out of power. For months, Russian President Vladimir Putin has gradually reduced supplies in apparent retaliation over sanctions imposed over the invasion of Ukraine. The standoff escalated last week after steep cuts to the main gas link to Germany, putting reserves for the winter at risk.”
USAGOLD note: Though the natural gas problem for Germany is covered in the United States, few have weighed its implications for the European Union as a whole and the rest of the global economy. This article explores the details. It might turn out to be a very unpleasant winter for Europe, as a settlement in Ukraine seems more distant now than ever. Germany’s Economic Minister Robert Halbeck raises an early red flag saying “The whole market is in danger of collapsing at some point.”
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Gold Mining vs. Bitcoin Mining: Which Is More Harmful? MUO – MakeUseOf