Small rate hikes will hurt the stock market, not the gold market… by Peter Schiff of Peter Schiff Podcast Elizabeth Warren blames covid and corporations for problems caused by Congress.Bond […]
Category: Gold
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Policy Error Committed, Gold Bubble Ahead
What does all this mean for Gold and Silver? The sky is the limit… by David Brady via Sprott Money The Fed went ahead and did it. The Fed’s Policy […]
The most visible symptom of the supply disruption is the sky-high price of energy and… by Brendan Brown via Mises Global supply shocks are historically rare events. All the more […]
You can’t make this up! by Bix Weir of Road to Roota You can’t make this up! The US Mint has a lifetime Human Resources professional acting as Director of […]
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The economic weapon
The New York Sun/Seth Lipsky/3-13-2022
“There is the larger risk that the Russia sanctions, by in effect weaponizing finance and the greenback itself, might also damage the central role of the American dollar in the global finance system.”
USAGOLD note: If the deep thinkers quoted in this editorial turn out to be correct, we may witness the most damaging instance of unintended consequences in the history of money and finance. Will it bring about, as Robin Harding worries, the death of the dollar-based post-Bretton Woods monetary system? The article immediately below examines what such an event might mean for the price of gold.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
MarketWatch/Steve Goldstein/3-17-2022
“The shockwaves are still being felt by the incredible Western sanctions that have rendered the $630 billion in reserves the Russian central bank accumulated virtually unusable. Can the current dollar-centered global financial system last if money can be summarily cancelled?”
USAGOLD note: Analysts interviewed for this article say that central banks will be looking to accumulate a lot more gold so that they are not in a position where what happened to Russia can happen to them. The net result, says one of the analysts, will be gold trading at over $10,000 per ounce. More at the link ……
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
- Gold Price Forecast: Where is XAUUSD headed next? FXStreet
- Gold slips on stronger dollar, set for biggest weekly fall since November CNBC
- Gold heads for worst week since November as safe-haven demand eases Reuters.com
- Gold futures post losses for session and week as Fed rate-hike regime starts MarketWatch
- Volatile gold price action is here to stay as safe-haven interest ‘reignited’ – analysts Kitco NEWS
- View Full Coverage on Google News
- Why the Heck Is AMC Entertainment Buying a Gold and Silver Mine? The Motley Fool
- Examining AMC’s ’embarrassingly stupid’ investment in a literal gold mine The Verge
- AMC Uses Its Meme Stock Money to Buy a Gold Mine. It’s ‘Bizarre.’ Barron’s
- A New Meme-Stock Frenzy Led AMC to Gold Mine Stake The Wall Street Journal
- AMC stuns investors with investment in gold and silver mine as it puts $1.8 billion war chest to work MarketWatch
- View Full Coverage on Google News
US Treasury Sanctions African Gold Refinery Bloomberg
Treasure hunters: Did FBI destroy video of Civil War gold? ABC News