Government

Central banks all over the world tried their best to keep a straight face as they pontificated about the virtues of their various quantitative easing efforts. But as 2016 progressed, even they realized that their hyperbole was having no effect and the gold train was leaving the station without them. So like the large gold

United States presidential elections have the power to move financial markets. It typically starts with the Dow Jones experiencing a noteworthy uptick or downturn in the immediate aftermath of Election Day, and continues throughout the new president’s term as his economic, monetary, and foreign policies begin to take shape and subsequently affect taxes, interest rates,

Just three months ago, the Fed was a veritable fountain of economic optimism, gushing with praise for the improving unemployment numbers and eager to implement the first interest rate increase and the first interest rate adjustment in more than seven years, with Dollar fortifying plans to continue increasing interest rates on a quarterly basis initially

The U. S. Federal Reserve’s Open Market Committee (FOMC) meeting concluded yesterday with no major changes. As I’ve been suggesting for weeks now, the Fed did manage to begin backing off of their aggressive talk regarding rapidly and frequently increasing interest rates. They still haven’t copped to it, but Fed realizes that the economy is

The United States has enjoyed the ability to borrow effortlessly and sustain an assertive foreign policy, by virtue of its status as the world’s reserve currency. But the rise of other currencies and concerns related to the mushrooming US debt has created doubt, causing many foreign entities to sell-off of US currency and securities. And

Greece’s and China’s recent economic woes – Greece’s default on its debt and China’s stock market crash – may be difficult to grasp for those in other parts of the world. We’ve gathered five articles that offer some perspective on the problems these two countries are currently facing. Think Greece can’t happen here? You’re wrong “[J]ust like

Greeks wanting to secure their money in recent months before a potential bank shutdown, which indeed occurred on Monday, chose to put their money into – you guessed it – gold. The Wall Street Journal wrote: Spooked by the country’s escalating debt crisis, Greeks yanked billions of deposits out of the country’s banks in recent months until the

Federal Reserve Chair Janet Yellen completed her semiannual report to Congress on Wednesday, testifying before the House Financial Services Committee and the Senate Banking Committee. Here are four important takeaways from her testimony, and what it has to do with gold. 1. Yellen is happy with the recent economic growth – but sees room for improvement On economic

Would you believe that at one point in Hungary’s history, prices of goods could double in just 15 hours? Or that in 1923 Germany a loaf of bread cost 200 billion marks? Or that Zimbabwe’s former currency has been printed in denominations as high as 100 trillion? These are real-life historical examples of hyperinflation –