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October 9, 2024
October 8, 2024
2024.10.02 US stocks ripped higher on Monday, with all three indexes closing at […]
September 30, 2024
By Wolf Richter for WOLF STREET The US dollar, still the #1 reserve currency held by […]
September 2, 2024
By Alun John and Karin Strohecker – Reuters The dollar fell more than 2% against other […]
August 7, 2024
By MN Gordon – Econimic Prisim If there’s one thing to understand about […]
July 28, 2024
By Marc Chandler – Barrons The dollar’s long-anticipated downturn has begun, but don’t confuse […]
July 27, 2024
By Julia Wendling – Visual Capitalist Monetary policy, geopolitical events, and economic conditions—among […]
May 27, 2024
By Charles Hugh Smith – of two minds Money in all its forms […]
March 14, 2024
By Marcus Lu – Visual Capitalist Have you ever wondered how much U.S. […]
December 20, 2023
By Wolf Richter – WOLF STREET Foreign holders have not kept up buying the the incredibly […]
December 19, 2023
By Niccolo Conte – Visual Capitalist Global government debt is projected to hit $97.1 […]
December 19, 2023
By Daniel Lacalle Although the Federal Reserve and the European Central Bank’s message regarding interest rate cuts […]
December 19, 2023
By Yahoo Finance (Bloomberg) — OPEC’s one-time nemesis — US shale — is […]
December 13, 2023
By Marcus Lu According to the IMF, the most indebted poor countries in […]
December 12, 2023
By Willem H. Buiter – Project Syndicate While proponents of central bank digital […]
December 6, 2023
By James Eagle As the world’s reserve currency, the U.S. dollar made up 58.4% of […]
December 4, 2023
By James K. Galbraith – Project Syndicate Once again, larger deficits and higher […]
November 30, 2023
November 29, 2023
By Gary Wagner – Kitco A major component of today’s strong upside move […]
November 3, 2023
By Alasdair Macleod The day of reckoning for unproductive credit is in sight. […]
November 3, 2023
By Daniel Lacalle According to the U.S. Treasury, year-end data from September 2023 […]
September 15, 2023
By Katharina Buchholz The de-dollarization of the world economy has been thrust back into […]
September 15, 2023
Russia and the Saudis are driving up oil and diesel prices. But these […]
September 12, 2023
By Barry Eichengreen Whether the dollar retains its global role will depend not […]
September 1, 2023
By Goehring & Rozencwajg Gold is no different than any other asset class: […]
August 30, 2023
2023.08.30 The US officially has a debt problem, in the present and in […]
August 30, 2023
2023.08.30 美国目前以及未来都正式存在债务问题。截止到目前，美国的国债总额略低于 33 万亿美元，占国内生产总值（GDP）的 122％！然而，更大的问题在于其增长速度，导致利息支付不断膨胀。 根据国会预算办公室（CBO）的预测，未来 30 年的利息支付将达到约 71 万亿美元，并在 2053 年占据所有联邦收入的 35％。 […]
August 28, 2023
By Daniel Lacalle The summit of the so-called BRICS (Brazil, Russia, India, China, and […]
August 27, 2023
By JIM O’NEILL Now that the BRICS (Brazil, Russia, India, China, and South […]
August 16, 2023
2023.08.16 Faced with the grim prospect of falling short of our climate targets, […]
August 16, 2023
2023.08.16 面对达不到气候目标的严峻前景，寻找更多实现电气化和脱碳所需的矿物的竞赛变得越来越重要。 提供整个全球能源行业分析和数据的国际能源署 (IEA) 预测，到 2040 年，用于电动汽车和电池存储的矿物需求将增长至少 30 倍。 锂的增长应该是最快的，在可持续发展情景中，需求增长超过 40 倍，其次是石墨、钴和镍（约 20-25 […]
July 24, 2023
By Goehring & Rozencwajg Incredibly, by 2016 commodity prices had sold off to […]
July 20, 2023
By Egon von Greyerz In spite of unprecedented risks in investment markets, for the […]
July 9, 2023
2023.07.09 We are moving into a multipolar reserve-currency world where the dollar will […]
May 25, 2023
By Naomi Rovnick and Libby George Rivalry with China, fallout from Russia’s war in Ukraine and […]
May 24, 2023
2023.05.24 The US national debt is again in the spotlight, as congressional leaders […]
April 22, 2023
By Julie R. Peasley Can you picture what $31.4 trillion looks like? The […]
April 18, 2023
2023.04.18 The days of paying for something with cold, hard cash may be […]
April 18, 2023
用现金支付的时代即将结束了。疫情加速了我们向无现金经济的过渡，如今消费者更喜欢手机银行或数字钱包的便利性。 皮尤研究中心的一项新调查显示，如今，大约 41% 的美国人表示他们在一周内的购物都不是用现金支付的，高于 2018 年的 29% 和 2015 年的 24%。 据加拿大领先的信用卡和借记卡处理公司 Moneris […]
April 13, 2023
By Alasdair Macleod Increasing numbers of national governments are abandoning the US sphere […]
April 10, 2023
By Patrick Barron The American empire is not enforced by walls with armed […]
April 7, 2023
By Wolf Richter The share of the US-dollar as global reserve currency dropped […]
April 6, 2023
By Katharina Buchholz Bailout amounts provided by China remained quite low in the 2000s […]
April 5, 2023
By Michael Snyder For decades, the U.S. dollar was the undisputed king of […]
March 31, 2023
By Anna Golubova Former Goldman Sachs chief economist Jim O’Neill is calling on […]
March 28, 2023
By Bruno Venditti The U.S. dollar has dominated global trade and capital flows […]
March 26, 2023
By DAVID P. GOLDMAN The US banking system is broken. That doesn’t portend more […]
February 21, 2023
By The Economist After a calm 2010s, in which interest rates hardly budged, inflation is putting […]
February 7, 2023
By Daniel Lacalle 2023.02.07 The monster inflation we’ve endured these past years first […]
January 28, 2023
By Egon von Greyerz 2023.01.28 “The risk of over-tightening by the European Central Bank […]
January 21, 2023
By Pepe Escobar 2023.01.21 When Bretton Woods was created the US possessed most of […]
December 31, 2022
It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.
Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.
In this article, we explain why President Nixon did what he did, and why every promise that unshackling the US government from the requirement of maintaining the dollar's value in terms of gold would mean for the United States, has been broken.
Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.
In this article, we explain why President Nixon did what he did, and why every promise that unshackling the US government from the requirement of maintaining the dollar's value in terms of gold would mean for the United States, has been broken.
October 19, 2022
2022.10.19 For more than a year, the US dollar has been gaining strength […]
September 2, 2022
2022.09.02 Russia’s invasion of Ukraine may have the unforeseen consequence of weakening the […]
August 8, 2022
2022.08.08 The US dollar is the most important unit of account for international […]
June 18, 2022
2022.06.18 The dollar is the most important unit of account for international trade, […]
May 4, 2022
2022.05.04 The allure of gold goes back thousands of years. Due to its […]
April 29, 2022
2022.04.29 In our last article, we discussed a proposed new economic model for […]
April 27, 2022
2022.04.27 Modern Monetary Theory, or MMT, posits that rather than obsessing about how […]
February 7, 2022
2022.02.07 The United States reached a new milestone this week, but it’s nothing […]
October 15, 2021
2021.10.15 The balance of trade is an important barometer of a country’s economic […]
September 12, 2021
2021.09.12 Inflation is one of the best determinants of gold price movements, because […]
September 8, 2021
2021.09.08 Lower interest rates and massive asset purchases by central banks are the […]
July 16, 2021
2021.07.16 At AOTH we are invested in commodities we expect are going to […]
June 10, 2021
Our research shows that most retail investors, who are the main drivers of gold’s price, trust gold more than fiat (paper) currencies to preserve their purchasing power. When debt soars, when real interest rates go negative, when cash becomes trash, gold shines brightest.
May 25, 2021
According to Sprott Insights, the three areas of growing demand — solar, 5G and automotive — potentially account for greater than 125 million ounces, annually, in 10 years. Where is this new silver supply going to come from?
Their conclusion? “We do not see enough supply growth to offset the demand growth,” with mine supply falling since 2016 and “we do not see enough projects in development to generate the kind of production levels in question, at least not at current silver prices.”
Their conclusion? “We do not see enough supply growth to offset the demand growth,” with mine supply falling since 2016 and “we do not see enough projects in development to generate the kind of production levels in question, at least not at current silver prices.”
May 24, 2021
Energy and precious metals explorer Max Resource Corp. (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) continues to make significant progress at its flagship CESAR project in northeastern Colombia, along what is considered to be the world’s largest copper-producing belt in the Andean.
May 17, 2021
According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).
According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).
Precious metals are among the best places to park your money in times of economic or political distress.
According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).
Precious metals are among the best places to park your money in times of economic or political distress.
May 15, 2021
Shareholders in Exploits Development Corp (CSE:NFLD, FSE:634-FF) were rewarded this week with an explosive move in the stock price following an announced $8 million financing.
May 15, 2021
One company that aims to address the common problems faced by blockchain networks is Arcology, a blockchain company 30% owned by Codebase Ventures Inc. (CSE: CODE) (FSE: C5B) (OTCQB: BKLLF).
Inspired by the challenges associated with ethereum's mass adoption, the Arcology team is developing a radically new blockchain ecosystem designed to scale at unprecedented speed by reducing costs and increasing enterprise capabilities.
Inspired by the challenges associated with ethereum's mass adoption, the Arcology team is developing a radically new blockchain ecosystem designed to scale at unprecedented speed by reducing costs and increasing enterprise capabilities.
May 3, 2021
Climbing yields, as investors rotate funds out of bonds into stocks, on increasing confidence in the economy, is the primary reason why the prices of precious metals gold and silver have pulled back in recent weeks. For now.
April 29, 2021
While precious metals have somewhat been subdued over recent weeks, there’s a storm brewing that could set gold, and by extension silver, on an upward trajectory once again.
April 29, 2021
According to the Silver Institute, global demand for silver will rise to 1.025 billion ounces in 2021, the highest in eight years, led by investments in industrial and investment-grade physical silver, ie., bars and coins.
“The outlook for the silver price in 2021 remains exceptionally encouraging, with the annual average price projected to rise by 46 percent to … $30,” it said in a statement.
“The outlook for the silver price in 2021 remains exceptionally encouraging, with the annual average price projected to rise by 46 percent to … $30,” it said in a statement.
April 17, 2021
With gold prices rising 22% in 2020, a pertinent question is whether the world can produce enough of the precious metal to meet rising demand — especially considering we are entering what could be a particularly ugly period of inflation
April 14, 2021
Gold prices ticked higher on Tuesday after inflation data showed US consumer prices rose in March for the fourth straight month and inflation hit its highest level in 2.5 years.
The US Federal Reserve, whose dual mandate is to keep inflation in the “Goldilocks zone” of around 2% and to control unemployment, has been downplaying inflation, telling the public that even if prices rise, it will only be temporary.
The US Federal Reserve, whose dual mandate is to keep inflation in the “Goldilocks zone” of around 2% and to control unemployment, has been downplaying inflation, telling the public that even if prices rise, it will only be temporary.
April 6, 2021
Exploits Discovery Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company holds the Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathans Pond, and Gazeebow projects, which cumulatively cover an area over 2,000 km². All projects within Exploits’ portfolio lie within the Exploits Subzone and Gander River Ultramafic Belt (GRUB) of the Dunnage Zone, which contain the majority of Newfoundland’s gold mineral occurrences and exploration efforts, including New Found Gold’s 2019 discovery of 92.86 g/t Au over 19.0 meters near surface. The Exploits Subzone has been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021.
March 25, 2021
According to Pew Research the real average wage, which Pew defines as “the wage after accounting for inflation” has roughly the same purchasing power as it did 43 years ago.
In real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today
In real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today
March 10, 2021
The sell-off in bonds that has been tripping up gold prices may be over, with some investors anticipating the bond market will calm down, as appetite for US government debt revives following the sharp rise in yields.
“We think a big part of the bond-yield move has played out,” Wall Street Journal quoted a portfolio manager at PineBridge Investments. “At this level of yields, we do expect additional buyers to come in. That tends to stabilize the yield level.”
Gold bugs are closely watching what happens with Treasuries
“We think a big part of the bond-yield move has played out,” Wall Street Journal quoted a portfolio manager at PineBridge Investments. “At this level of yields, we do expect additional buyers to come in. That tends to stabilize the yield level.”
Gold bugs are closely watching what happens with Treasuries
March 5, 2021
Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.
The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the demand for gold.
The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the demand for gold.
March 2, 2021
“Native silver” found in the Earth’s crust on its own, is relatively rare. More commonly, it is mined alongside gold, or as a by-product of zinc-lead ore. There are currently only 75 “pure play” silver companies, most of whom have projects in Chile, Argentina, Mexico and Peru.
The rarity of silver and gold becomes apparent when we consider how little of both have been mined throughout history – just 190,000 tonnes of gold and 1.6 million tonnes of silver. Or in ounce terms, 6.1 billion oz of gold and 51.3 billion oz of silver. All the gold ever mined in the world could fit into a cube 21.6 meters on each side, and all the above-ground silver could fit into a 55m cube.
The rarity of silver and gold becomes apparent when we consider how little of both have been mined throughout history – just 190,000 tonnes of gold and 1.6 million tonnes of silver. Or in ounce terms, 6.1 billion oz of gold and 51.3 billion oz of silver. All the gold ever mined in the world could fit into a cube 21.6 meters on each side, and all the above-ground silver could fit into a 55m cube.
February 25, 2021
2021.02.25 Gold has been taking a beating in recent weeks, the sell-off prompted […]
February 20, 2021
2021.02.20 2021 could be the year that cryptocurrency finally hits the big leagues […]
February 3, 2021
2021.02.03 Will Bitcoin be a replacement for gold and fiat currency? The resurgence […]
January 20, 2021
2021.01.20 Gold may have come off the boil after rising above $1,900 an […]
November 14, 2020
2020-11-14 Gold may have come off the boil a bit after rising beyond […]
October 6, 2020
2020.10.06 Gold and silver appear to be bouncing back from the drubbing they […]
August 14, 2020
2020.08.14 Commodity prices rise and fall with economic conditions. Conventional wisdom has it […]
March 17, 2020
2020.03.17 Stock markets rebounded on Tuesday, after the White House announced further measures […]
March 14, 2020
2020.03.14 One of the worst weeks on Wall Street mercifully ended on Friday. […]
March 7, 2020
February 26, 2020
2020.02.26 Whether it’s a Democrat or a Republican installed in the White House […]
February 21, 2020
2020.02.21 In our last article (A Minsky Moment is coming for gold) we […]
October 19, 2019
2019.10.19 In the first quarter of 2019, global debt hit $246.5 trillion. Encouraged […]