Alvin Goldstein Bank Collection:RSL Spins Gold Into Silver – Antiques And The Arts Weekly Antiques and the Arts Online
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New gold bull market to begin soon Kitco NEWS
If you want freedom, you need sound money. So, argues economist Ludwig von Mises. It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it […]
The post Sound Money and Freedom — Two Sides of the Same Coin first appeared on SchiffGold.
With a surge in April tax receipts, the federal government ran a record budget surplus last month. This seems like good news. And the mainstream spun it as such. But record government revenue is papering over a spending problem that isn’t going away. The surplus in April was $308.2 billion. This pushed the fiscal year […]
The post Surge in Government Tax Receipts Papers Over Federal Spending Problem first appeared on SchiffGold.
The price for produce, meat and eggs remains stubbornly high, and we could see people in the US rioting over an inability to feed their children… by Mac Slavo of […]
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Freedom and Sound Money: Two Sides of a Coin
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as… by Thorsten Polleit via Mises It is […]
We are at the low point of silver… by Bix Weir of Road to Roota ALERT! 1.4B Oz of Physical Silver Shifted to LBMA Delivery in 12 Months…WHO Took It?! […]
Can the United States as a country escape this? by Paul Craig Roberts via PaulCraigRoberts.org The Social Credit System is the Elite’s Means of Control Paul Craig Roberts Duff Cooper, […]
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Gold Miners’ Fundamentals Remain Solid?
The larger gold miners were actually having a great year until the stock markets started crumbling… by Adam Hamilton of Zeal LLC The major gold miners’ stocks have plunged in recent weeks, […]
Financial Times/Joe Rennison, Andrew Edgecliffe-Johnson, Peter Wells and Nicholas Megaw/5-12-2022
“Diebold Nixdorf’s $400mn bond maturing in 2024, which carries a low rating of triple C, cratered after the company reported weak earnings, slumping to just above 40 cents on the dollar — territory investors consider to be distressed. It had traded above 90 cents on the dollar as recently as two weeks ago.”
USAGOLD note: it is disconcerting how quickly we have gone from stability to inflation and inflation to general systemic risks – the corporate bond market being one of the latter. Even more disconcerting when one takes into account that we aren’t even to first base on the Fed’s monetary tightening program. A bond dropping 65% in value over a two-week period is a sure sign of general market stress. There’s is always the fallback position of holding it to maturity which works until the issuer finds itself unable to meet its obligations, or worse, ends up in bankruptcy proceedings. Most investors are acutely aware of the impact a weakening economy has on stocks, but few take into account the effect it has on the corporate bond market. This article connects the dots.
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