US diesel prices topped $6.50 a gallon, setting a new record. The situation is so dire that Republicans are squabbling among themselves over a potential ban on US diesel exports...
Higher diesel prices mean higher costs for everything. Most people think that that’s a cause of inflation. It’s not. Inflation is a purely monetary phenomenon.
Georgieva was not talking about gold. She was talking about what happens to an economy that has spent seven months absorbing an energy shock and is only now beginning to pay for it.
Merk also said a potential AI bust could also prove bullish for the yellow metal, noting that debt is the primary driver behind the artificial intelligence investment boom.
The gold sector is experiencing an unprecedented cash flush. Rather than drilling, majors are utilizing their high stock valuations to swallow tier-one mid-caps.
China's once again starting to import a staggering amount of gold, but while they're doing that, back in the West, the U.S. debt crisis is entering a new level of concern.
Doshi said State Street’s base-case gold forecast is now $4,700 to $5,000 an ounce by early this winter. A dovish Fed shift or a macroeconomic shock could put $5,000 in play even faster.
Since its inception in 1913, the Federal Reserve has inflated away more than 99% of the U.S. dollar’s purchasing power via fractional reserve/no reserve banking.
