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For the first time in over a decade, the world has more debt than it can handle. U.S. GDP shrinks for 2 quarters in a row, meeting the PMI survey’s quarterly forecast, with the slowdown in growth largely driven by the flattening out of business investment and manufacturing output. According to U.S. Bureau of…
Category: News
U.S. Government’s Financial Enforcement Arm Just Got Stronger
With what is continually developing across the world, it bears mentioning that the World Gold Council (WGC) has recently reported that central banks have again added 59 tonnes of gold in June totalling roughly 270 tonnes on the year. This of course, only being what gets reported to the WGC, general consensus being the unreported…
Inauguration of Gold Coins in Zimbabwe as a Way to Boost Currency
Inauguration of Gold Coins in Zimbabwe as a Way to Boost Currency Zimbabwe has started selling gold coins to the general population in an effort to contain an inflationary surge that has weakened the nation’s volatile currency. The National Bank of Zimbabwe, the nation’s central bank, announced on Monday and sent 2,000 coins to private…
Bank of Canada raises interest rate
Bank of Canada raises interest rate 100 bps, maintains quantitative tightening. The Bank of Canada raised its overnight rate goal to 2.5%, with the Bank Rate at 2.4% and the deposit rate at 2.5%. The Bank’s quantitative tightening continues (QT). Inflation in Canada is higher and more persistent than the Bank predicted in its…
Silver Premiums Sound Alarm in U.S.
Silver Premiums Sound Alarm in U.S. One of the larger stories swirling around the precious metals industry this past week came out of Miles Franklin Precious Metals as their CEO, Andy Schectman, reported that a billionaire client had put through a $50 million dollar order for American 1oz Silver Eagles; the largest of his 30-year…
