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Home / Tag Archives: Key Gold Headlines

Tag Archives: Key Gold Headlines

The Fed Is Helping Facilitate Trailer Park Evictions

The Federal Reserve is helping corporate real estate investors evict poor people from mobile home parks.NPR highlighted the growing number of mobile home part evictions. According to the report, real estate investors continue to buy up mobile home parks across the US. They then raise lot rents and fees, and evict residents who can’t pay.As the report explains, the government makes this scheme possible with easy financing through agencies such as Fannie Mae and Freddie Mac. Here’s how it...

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Central Banks Globally Added More Gold in July

Central banks continued to add gold to their reserves in July, according to the latest data from the World Gold Council.Led by Brazil’s 8.5-ton purchase, central banks globally bought a net 30.1 tons of gold.According to the WGC, central banks remain positive on gold. “We maintain our expectation that central bank net buying will be positive for the year, and it’s looking more and more likely that it will be at a significantly higher level than 2020.”Brazil jumped into the gold market in...

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Facing Inflation Threat, German Investors Loading Up on Gold

While most American investors have faith that the Federal Reserve can and will successfully tighten monetary policy to fight inflation — or have simply bought into the “transitory” inflation narrative — Germans are loading up on gold as a hedge against growing inflationary pressures.Through the first half of the year, gold coin and gold bar demand in Germany hit the highest level since 2009 – the aftermath of the 2008 financial crisis. First-half demand for bar and coins in Germany...

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Personal Incomes Rising; Inflation Eating Them Up

Personal income is rising.But inflation is eating it up.Before factoring in inflation, personal income from all sources rose by 2.7% in July year-on-year. The month-on-month gain was a solid 1.1%. This includes wages, stimulus payments, transfer payments (unemployment, Social Security benefits, etc.) along with income from other sources such as interest, dividends, and rental income.Sounds great, right? The economy really is recovering!But after factoring in rising prices, “real” personal...

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Ohio Repeals Sales Tax on Gold and Silver Bullion

Ohio Gov. Mike DeWine recently signed a bill into law exempting gold and silver bullion and coins from sales tax. This will not only relieve some of the tax burdens on investors in the state; it will also take a step toward treating gold and silver as money instead of as commodities.House Bill 110 (HB110) – the 2022-2023 budget appropriations bill – was introduced back in February. Provisions in the omnibus bill repeal the sales tax on gold, silver, platinum, or palladium bullion and...

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Silver News! Silver Could Replace More Expensive Metals in Touchscreens; Tax Relief in Ohio

Silver could serve as a replacement for more expensive rare-earth metals in touch screens and other electronic applications according to an article in the latest edition of by the Silver Institute. Silver News also covers other technological developments and news relating to silver.An expensive composite material made from indium, tin and oxygen (ITO) is key to manufacturing touchscreens and other products because of its ability to be visually transparent while still electrically...

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Gold Ranks as the Most Effective Commodity Investment

The current economic environment is generally supportive of commodities. Higher inflation rates, improving economic conditions and commodity supply shortages all favor this sector.  As a result, investors are increasing allocations to commodities. And according to a report published by the World Gold Council,  gold is positioned as the most effective commodity investment in a portfolio.Commodities can be tactically relevant investments, but a strategic gold allocation on its own can...

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Peter Schiff: You Can Print Money But You Can’t Print Stuff

As prices continue to spiral upward and the Federal Reserve maintains its inflationary monetary policy, a lot of people in the mainstream keep talking about inflation as a good thing. Peter Schiff said it seems like they’re trying to soften us up and make us willing to accept higher inflation. But as he explains in this clip from his podcast, these pundits are missing a fundamental truth — no matter how much money the Federal Reserve prints, it can’t print actual stuff.Peter said he read...

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While They Talk About a Taper the Fed Pushes Balance Sheet to Another New Record

While there is a lot of talk about the Federal Reserve tapering its asset purchases, no such tapering is actually happening.In the week ending Aug. 18, the Fed pushed its balance sheet to yet another record with the addition of another $85.4 billion in Treasuries and mortgage-backed securities. The balance sheet now stands at a record $8.34 trillion.Since July 28, the Fed has added $121.13 billion to its balance sheet.For all the talk, talk, talk about tightening, the central bank...

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Tech Company Buys $50 Million in Gold to Protect Against “Black Swans”

Palantir Technologies Inc. bought $50.7 million in gold bars this month as a hedge against another “black swan event.” The company is also inviting customers to pay for data analysis software in gold.Peter Thiel and Alex Karp co-founded the software development firm. The company’s website says, “We make products for human-driven analysis of real-world data.” According to , governments worldwide have used the company’s software to analyze the coronavirus pandemic.The company has a...

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