Muflih Hidayat, about China's plan to replace Western "paper" pricing of gold -- derivative-based pricing -- with pricing based on trading of real metal in Shanghai and Hong Kong.
As long as the war is on, and Warsh thinks inflation is an economic supply shock, we’re not going to get rate cut. Instead, we are likely to have a succession of holds...
Copper futures climbed above $6.30 per pound Thursday, hitting over three-week highs as production in Chile declined due to a combination of water shortages, lower ore grades, unplanned maintenance, the transition from oxide to sulfide mining and labor disputes.
The sharply higher gold price has increased the profitability of small-scale mines over the last couple of years. The lack of employment opportunities in some countries has also driven people into mining out of necessity.
While I have my personal gold in a bank vault, I opened an account for each of my grandchildren, starting in 2014, and still buy $100 a month in gold for their accounts. It turns out the initial grandkids are all well over $30,000...
Maharrey warned that America's growing "debt black hole" continues to distort the broader economy and will ultimately limit how long the Federal Reserve can maintain higher interest rates.
