We should first ask why the Federal Reserve (or any other central bank) is even necessary. Answering that leads quickly to much deeper questions, like what is “money”...
Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion.
Rumors are making rounds that Saudi Arabia is selling oil for yuan, which it converts into gold on the SGEI. Such a development would make sense as large parts of the world want to de-dollarize..
Central banks will continue buying the precious metal as part of their diversification strategy, while investors will like its hedging appeal in an environment where..
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Most people mistake rising prices for inflation. Inflation occurs when a Central Bank creates money at a rate in excess of the rate of wealth creation..
All this feeds on itself and will, I think, keep inflation well above the Fed’s 2% target, which looks increasingly ridiculous as time passes. I’m (cautiously) optimistic we won’t see 9% annual inflation again. But 2%?
Forget for a moment that the dollar's "stability" has been a joke since dollar convertibility into gold was ended in 1971 and especially in the last several years..