Most investors know that Warren Buffett isn’t a fan of gold. He has long derided the yellow metal as a bunch of rocks that sit in a vault and don’t do anything. Of course, when stocks are plummeting and losing half of their value there’s nothing investors want more than something that does nothing but sit in a vault...
One of the common complaints we hear about American society today is that nobody wants to work hard for anything. Everyone wants to be able to get a six-figure job without having to have any talent or ability, and wants to be able to make lots of money without having to put in any work. People play the lottery...
With so much focus on gold, silver often gets little notice. But the white metal, often known as “poor man’s gold,” has caught fire this year. Purchases of American Silver Eagle coins this year are up nearly 50%, with over 6 million coins having been purchased so far. In fact, sales are so brisk that the US Mint has...
The performance of stock markets in the first several weeks of 2019 has been nothing short of astonishing. After a horrendous fourth quarter in 2018 that was the worst since the Great Depression, markets rebounded to have their best January in 30 years. That has some market pundits crowing about how well markets will do this year. Some even...
Stock markets rose Wednesday in the aftermath of the release of the minutes from last month’s FOMC meeting. Overall, markets viewed the minutes as a positive, confirming that the Fed intends to pause the reduction in its balance sheet and will likely not hike rates again this year. FOMC participants found it strange that balance sheet normalization had gone on...
Venezuela is trying to sell its gold while Russia and Europe are buying. Overall, central banks added over 651 tonnes of gold to their coffers in 2018, more than any other year since 1971, the year the gold window closed. Flying under the radar, however, is China, which has started adding gold to its reserves in greater quantities this...
With much of the world focused on the political crisis in Venezuela and the Maduro regime’s attempts to get its gold back, the worsening political climate in Europe has been relegated largely to the back burner. But with Italy in the midst of both internal and external political turmoil, it could play a role in an expanding crisis within...
With less than a month to go before US tariffs on Chinese imports are set to increase, the two sides appear to be far, far away from coming to any sort of deal. White House economic adviser Larry Kudlow stated this this week that the US and China had a “pretty sizable distance to go” before the two sides...
With the prospect of sound fiscal policies at the federal level becoming increasingly unlikely, state-level proposals in the United States are where fiscally-minded conservatives are beginning to focus more and more of their efforts. Increasingly those efforts are taking the form of pushing state government to secure their assets by investing in gold and silver. Following the establishment of the...
It’s no secret that central banks hate gold. If they could press a button and destroy every last grain of gold that has ever been produced, they would do it. Gold has always been the ultimate restraint on the ability of governments and central banks to create money out of thin air ad infinitum. Even destroying the gold standard,...