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Tag Archives: gold market

“Uptober” Doesn’t Disappoint as Bitcoin Touches $56,000

October 8, 2021 Bitcoin topped $56,000 on Friday for the first time since May as a number of positive crypto developments galvanized investors in the month of “Uptober.” For one, legendary investor George Soros’s family office fund confirmed this week that it held Bitcoin in its nearly $6 billion portfolio. Speaking at a Bloomberg event, Soros Fund Management CEO and chief investment officer Dawn Fitzpatrick said that Bitcoin was more than an inflation hedge, having “crossed the chasm to...

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Remembering 9/11 on the 20th Anniversary

Twenty years ago tomorrow, I was in Manhattan with colleagues, attending a financial industry conference. At the time, we didn’t know how fortunate we were that our 9:00 a.m. meeting had been changed to 11:00 a.m. I was on route when the unimaginable happened. The cell phones in the city stopped working, but mine had a San Antonio area code, so I was able to get through to the U.S. Global Investors office to let everyone know we were safe. With me were two company executives and the...

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Weak August Payrolls: Why We Should Care

A disappointing nonfarm payrolls report came. If the Fed postpones the tapering announcement considerably, gold might be able to rally for longer. They say that September is a good time for gold. Indeed, historically, gold used to shine during the ninth month, and the yellow metal also started this year’s September on a good note. As the chart below shows, it jumped above $1,800 on the last day of August, and it has continued its rebound since then. So, what happened? Well, on Friday, the...

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When Will Social Security Run Dry? Sooner Than You Might Think

I’ve been in Sweden all week, representing HIVE Blockchain Technologies and searching for new expansion opportunities. I can’t wait to share the details with you, so make sure you’re subscribed to Frank Talk by clicking here. In the meantime, I have some sobering news: Social Security is in worse shape than we thought. The program’s Old-Age and Survivors Insurance (OASI) Trust Fund is now expected to be insolvent by 2033, a year earlier than anticipated. According to the annual report, its...

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With Everything Up Right Now, Where are the Value Buying Opportunities?

If you’ve ever wondered what trillions of dollars in monetary and fiscal stimulus looks like, it appears you got your answer. Everything is up right now. Stocks are up. Earnings are up. Consumer spending is up. Commodities are up. Food prices are up. Home prices are up. Car prices are up. Cryptos are up. This week marked President Joe Biden’s 100th day in office. Since Inauguration Day, the S&P 500 has increased an impressive 8.6%. Those are the best returns for the start of a...

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Positive First-Quarter Data Point to a Global, Sustained Economic Boom

  Millions of Americans, it seems, felt that the time was right to trade in their clunkers for a new set of wheels. Sales of cars and light trucks surged an incredible 58% in March compared to last year, according to Bureau of Labor Statistics data. Some 1.6 million vehicles were driven off car lots during the month, representing over 18 million on a seasonally-adjusted annual rate (SAAR). There could be several reasons why car sales skyrocketed last month, the most obvious being that...

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The Chinese Economy Charges Ahead in the Year of the Ox

  Happy Year of the Ox! Today China and a number of other Asian countries celebrate the Lunar New Year, also known as the Spring Festival. In pre-pandemic years, the Lunar New Year has been an opportunity for individuals and families to travel and visit loved ones. Millions of Chinese people took as many as 3 billion trips in early 2019, representing the largest annual human migration in history. As you might imagine, things look a little different in February 2021, more than 12 months into...

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Signal and Bitcoin: Twenty-First Century Tools of Personal and Economic Freedom

Key Points: Social media’s suspension of President Trump’s social media accounts should be troubling to everyone, whether you support him or not. Recall Ben Franklin: “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” Privacy seekers are downloading Signal to replace WhatsApp. Biden’s proposed relief package, at $1.9 trillion, is expected to boost investor demand for real assets, including gold, Bitcoin and Ethereum. In my final...

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2020: Gold’s Best Year in a Decade; Ethereum Beat Bitcoin; Inflation Higher Than Reported

One of the keys to being a successful investor is making sure you’re getting the right facts. Otherwise, you run the risk of making investment decisions based on poor or faulty information. The problem is, the media has a major trust issue. Many Americans put very little faith in the accuracy of the “news” they get from newspapers, TV, radio and social media. A Gallup poll in September found that 33% of Americans—a full third—don’t trust the media at all. This would be distressing in any...

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Bitcoin Cracks Record High Due to Institutional Investors

If I asked you how many hospital beds the U.S. has, what would you say? Two million? Five million? Try 924,000. That’s right: The U.S. currently has under 1 million hospital beds for a population of approximately 330 million, according to the American Hospital Association (AHA). By my calculation, that comes out to 28 beds per 10,000 people. This is the real threat posed by the pandemic, as I see it. Supply-demand imbalances can often be favorable when we’re talking about asset prices, but...

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