Hi,
Yesterday, Jerome Powell, Chairman of the Federal Reserve testified to the Senate Banking Committee that interest rates would need to go much higher than anticipated to quash an inflation rate that refuses to fall. This caused silver and gold to sell off on the market losing nearly 5% on the silver side, and nearly 2%…
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Category: Gold Spot Price
Are Central Bank Losses to be Covered by Gold?
The perfect storm for higher gold prices appears to be brewing in the global financial market. For the first time, the European Central Bank (ECB) will announce significant losses due to the epic money-printing saga that took place over the past decade that came to a head during the pandemic. The ECB will now join…
Boom and Bust Economy: Sound Money Solution
The Federal Reserve’s Role in U.S. Monetary Policy Since December 23rd, 1913, the Federal Reserve has been responsible for U.S. monetary policy. Its primary mandates are to keep inflation below 2% and maintain low unemployment. As the world’s reserve currency, the USD’s fluctuations impact most countries. This gives the Federal Reserve enormous influence. They can…
IMF Release Working Paper on Gold as an International Reserve
On January 27th, 2023, the IMF released a working paper titled, Gold as International Reserves: A Barbarous Relic No More? It was released with the hope of understanding why central bank gold purchases in 2022 rose to a high since 1967. However, before diving into the paper itself, it is vitally important we have a…
Understanding Spot Prices: What It Is and Where They Come From
Have you ever heard of spot prices? Let’s dive in and get started! Spot prices are an important tool in the financial markets. They are used to determine a security or commodity’s current value at a particular time. The “spot” refers to the current market, or operating, price. Spot prices provide traders and investors with…
