Assessing a state sales tax on the purchase of gold and silver is becoming an outmoded, indeed outrageous, practice – but a small number of U.S. states still engage in it.
Central bank behavior combined with geopolitical dynamics, a tight physical market, stress on the global economy, and signs of a recession all place gold in the spotlight.
As the world continues to be rocked by inflation and financial instability, four precious metals “megatrends” have emerged largely undetected by the mainstream.
The TIPS yield has slightly trended down, while the gold price has been firmly going up! Gold is still sensitive to the TIPS yield, but the gap in the chart between real rates and gold is widening.
One thing that should have been questioned intensely all along in energy news but hasn’t been is how the EV car boom is going to stress the US energy grid far beyond its capabilities.
Newcrest Mining Ltd. may have enough gold and copper deposits at its Red Chris project in Canada to open an entirely new section and extend mining in the area for decades, Chief Executive Officer Sherry Duhe said.
According to my technical runes, two things seem likely to occur: 1) the target will be precisely reached; and, 2) MSFT will not get past it without correcting by at least 20%, and possibly more.
Gold's value is centered in its use as money. Gold is real money because it meets the three characteristics of money: 1) a medium of exchange; 2) a measure of value; and 3) a store of value.
With national average mortgage rates heading above 7%, a housing affordability crisis threatens to weigh on prices. We're currently seeing a massive decline in revenues for vacation rentals..
National leaders are (or should be) reluctant to enter wars because, once begun, they are often hard to end. Monetary policy works the same way. Central bankers think they can handle a situation..
