The real problem here is not oil or diesel. The real problem is that wars of choice spin out of control and destroy the economies of those who launch them.
Three pro-gold and silver groups have teamed up to present the second edition of the Sound Money Review, a scholarly journal dedicated to advancing principles of sound money.
After all the turmoil over the past week, the 10-year US Treasury finally punched through 5%, hitting its highest level since 2007, almost two decades ago.
When you put all the data together, the inflation picture looks much more concerning than the sketch drawn by the CPI data alone. Clearly, inflation is far from "under control."
Lacalle said a U.S. rate hike would have no effect on energy prices or federal deficit spending, while it would add pressure to families and smaller businesses.
Real estate, agricultural land, and energy commodities are the primary hard assets investors rush to buy besides gold and silver when they lose faith in paper money.
It’s pretty tough to contemplate a higher rate environment when the U.S. government is $40 trillion in debt and needs the central bank to support its borrowing and spending.
If you think about it, mining and energy now is the intersection of AI, hyper-scalers capex, defence spending, infrastructure, electrification, decarbonisation.
Virtually all resources are now scarce.
