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Tag Archives: Key Gold Headlines

What About Silver?

There’s been a lot of focus on gold with the crashing stock market and economic chaos set off by the coronavirus economic lockdown. But what about silver?There were reasons to be bullish on silver even before the bottom fell out of the stock market. In its 2020 Market Forecast, the Silver Institute projected that silver would shine with higher prices supported by expanded physical investment and industrial demand. The market dynamics have certainly changed since the institute released that...

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Fed Launches International Repo Facility

In yet another unprecedented attempt to keep the air in the financial bubbles, the Federal Reserve announced the establishment of an international repo facility.The repo facility will allow foreign central banks and other international monetary authorities to enter into repurchase agreements with the Federal Reserve. According to the Fed announcement, FIMA account holders can temporarily exchange their US Treasury securities held with the Federal Reserve for dollars that can then be made...

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Stimulus Bill Throws Veil of Secrecy Over the Federal Reserve

Last week, Congress passed a $2 trillion stimulus bill in an effort to offset the economic impacts of the coronavirus. Most people have focused on the $1,200 checks to Americans and bailouts for industries hard-hit by the economic shutdown. But the 883-page bill does a lot more than that, including empowering the Federal Reserve to hand out billions of dollars in complete secrecy.The stimulus bill authorizes the Fed to create $454 billion out of thin air and loan it out. The provision...

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It’s Going to Be a Rush to Gold; The Dollar Is Cooked

On Wednesday, Congress finally agreed on a government stimulus/bailout plan to battle the economic impacts of coronavirus to the tune of over $2 trillion. Meanwhile, the Federal Reserve has committed to monetize the debt with QE to infinity. Practically speaking, we’re talking about trillions of dollars being injected into the US economy – all of those dollars created out of thin air.So, what does all of the money creation and government spending mean for gold?Peter Schiff said that with...

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Federal Reserve Announces QE Infinity

We now have QE to infinity and beyond.On March 23, the Federal Reserve announced it will purchase an “unlimited” amount of US Treasuries and mortgage-backed securities. The called the move “unprecedented” and said that it goes “much further than what the central bank did in the 2008-2009 crisis.”Back then, the Fed injected nearly $4 trillion into the financial system over several years. Analysts say the Fed’s effort now could dwarf that in a matter of weeks.”The Fed also announced it will...

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Beware of Gold Scams!

The demand for physical gold has gone through the roof in the midst of economic chaos caused by the coronavirus. We’re beginning to see shortages of some bullion products. As more people pile into the market,  the number of scammers looking to take advantage of gullible investors also increases.Recently, some guy started commenting on the SchiffGold Facebook page, claiming he could sell you “cheap gold” directly from African mines. This was certainly a scam. Why would anybody sell gold...

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Central Banks Buy More Gold

Central banks started out 2020 buying more gold, but the rate of purchases slowed somewhat.On net, central banks added 21.5 tons of gold to their reserves in January, according to the latest data from the World Gold Council.Central bank demand came in at 650.3 tons in 2019. That was the second-highest level of annual purchases for 50 years, just slightly below the 2018 net purchases of 656.2 tons. According to the WGC, 2018 marked the highest level of annual net central bank gold purchases...

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Extraordinary Federal Reserve Policy Began Over a Year Ago

On Sunday evening, the Federal Reserve announced additional extraordinary emergency measures in an attempt to keep at least some of the air in the bubble economy. But in fact, the Fed has been engaged in extraordinary emergency monetary policy for over a year.“The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses,” the FOMC said in a statement.In other words, “We are desperate to keep people spending money they don’t have...

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Another Massive Deficit With More Spending Coming Down the Pike

The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with bailouts and loan guarantees for struggling industries. While the details are murky, one thing is certain — it will cost billions of dollars.Meanwhile, the US government is already living far above its means. Uncle Sam recorded...

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ETF Gold Holdings Set Yet Another Record

ETF gold holdings set yet another record high in February, according to the latest data from the World Gold Council.Global gold-backed added another 84.5 tons of gold last month, boosting holdings to an all-time high of 3,033 tons.Coupled with an increase in the price of gold of nearly 2%, assets under management grew 4.4% in US dollars in February. That tops the previous September 2012 record high when the price of gold was about 10% higher.The WGC highlighted two significant trends....

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