When the war began, Russia held about half of its reserves in dollar, euro, and pound sterling assets. The other half was in yuan and gold, which remain accessible.
Ninety percent of Americans feel the nation is in an affordability crisis—the new catch phrase for endless above-target inflation, which has become the new norm.
Lawmakers repealed a long-standing sales tax exemption on gold and silver, expecting to generate new revenue. Instead, the policy has driven businesses out of the state...
These organizations originally set aside 100 ounces of physical gold to fund scholarships, at the time valued around $120,000...that same 100 ounces is worth more than $460,000 today.
While the Fed held rates steady as expected, the vote was far from unanimous. Four FOMC members voted against the move/statement. The last time four members dissented was in 1992.
The bank outlined a scenario in which gold could reach $8,000 over the next five years. Not as a simple price forecast, but as a reflection of deeper shifts in the global financial system.
You can see why, with fuel prices being scorching hot, those rising fertilizer costs are causing some farmers to decide to plant less and save on fuel...
