Latest News and Articles
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Gold Market Report – May 08, 2024
Overnight: Gold was a bit choppy last night and either side of unch ($2314), trading between $2304 – $2321. It was pressured on the downside by an improving US dollar, as the DX advanced from 105.41 – 105.64. The greenback was helped by: However, gold was supported by a rate cut by the Sweeden’s Riksbank…
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Navigating Our Time’s Tempest with a Wry Smile and a Raised Eyebrow
To write or not to write? That is the question. When the Hard Assets Alliance team asked me to write a periodic column, I was flattered. What a privilege it would be to share my thoughts with this large and sophisticated audience. As I prepared to put pen to paper, more insidious thoughts crept in.…
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The Primetime to Buy Silver?
June – the Primetime to Boost Your Silver Portfolio? Considering adding silver to your portfolio? The data suggests that right now could be the ideal opportunity. We delved into the historical price data of silver, analyzing it on a month-by-month basis, and found an interesting trend: Since 1975, June is often the worst performing month…
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Could Texas Solve our Dollar Woes?
A bipartisan agreement has been reached between President Joe Biden and Republican House Speaker Kevin McCarthy, with the goal of extending the debt limit. Key points of the Fiscal Responsibility Act include: Debt limit extension: The deal suspends the debt ceiling, currently at $31.4 trillion, until January 1, 2025. Spending caps: The agreement establishes spending…
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How Long Will The Gold Boom Last?
A Global Competition Happening in Secret Every major continent on the planet is in search of gold. In the chart from the World Gold Council below, you can see how geographically diverse gold mining has become. According to estimates from the WGC, approximately 209,000 tons of gold have been mined throughout human history. Of that…
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Major Bank Recommends Buying Gold
What the Debt Ceiling Means for Gold It’s time to face the inconvenient truth… the politicians playing with chicken with the debt ceiling, they may not reach an agreement in time to stave off a disaster. If the United States were to default on its debt, it would trigger a massive economic catastrophe, potentially leading…
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Debt Ceiling Crisis Driving Demand for Gold?
If politicians in Washington can’t reach an agreement, the U.S. government could start to run out of money within weeks. The debt ceiling, a law that sets a limit on the total amount the government can borrow to pay its bills, currently stands at around $31.4tn. This limit was exceeded in January, with the Treasury…