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Gold, silver solidly down amid scant risk aversion, technical selling Kitco NEWS
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CNBC/Jeff Cox/3-29-2021
“Defending the Fed’s independence from the fiscal authorities in Congress, Waller rejected notions that the central bank is holding borrowing costs low to help service the debt, nor is it conducting asset purchases to finance the debt-laden federal government.”
USAGOLD note: Got it … And what is the real reason for the Fed owning almost $5 trillion in federal government paper? Because it’s such a good investment for the central bank?
Sources: St. Louis Federal Reserve, Board of Governors of the Federal Reserve System
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Bloomberg/Peter Coy/3-25-2021
“The most intriguing answer in this second chart is ‘makes me feel better.’ In standard finance and economic theory, saving for its own sake makes no sense because the only purpose of money is to pay for things. You feel better when you spend, not when you refrain from spending. Clearly, though, a lot of retirees find satisfaction in the very act of saving.”
USAGOLD note: Those who save for its own sake might want to consider the purchasing power of those dollars saved over the long run. This article includes some revealing charts on peoples’ attitudes towards savings. Saving dollars does not preclude saving gold and silver.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.
Gold mine expansion could produce $2.5 billion. But environmental problems linger. The State
Why Pressure To Replace Mined Reserves May Be A Big Driver For M&A Of Gold Mining Operations In 2021 PRNewswire
Gold Miners Recorded Record High Margins Last Year Forbes