Earlier this month, Governor Hutchinson of Arkansas signed Senate Bill 336 into law, ending the dubious practice of slapping precious metals buyers with sales taxes of nearly 10% in the Natural State.
The decline in the US dollar is one of the reasons behind the recent rally in gold. But as the chart below shows gold is also rallying in other currencies as well..
Five weeks ago, we wrote that sharply negative real interest rates were going to drive prices higher in the weeks ahead, and so far that forecast is playing out as expected. So what happens next?
China has been known to implement capital controls as it seeks to control the ebb and flow of currency within its borders.
A cryptocurrency can make these controls impossible to execute..
For the mining industry to avoid becoming the traffic jam on a super-highway leading to the future electrified/ decarbonized economy, a lot more copper needs to be found.
A Truth in Accounting report from April concluded the real federal debt is 123 trillion dollars — over four times larger than the 28 trillion dollars “official” debt. The higher debt calculation includes the federal government’s unfunded liabilities.
The fact is that physical gold and silver bullion transactions are difficult to trace. Bullion generates no records on digital ledgers and cannot be “hacked” or seized electronically.
Gold and silver offer stability during a period of extreme stock market volatility and low bond yields, and while they do not pay interest or dividends, they are not subject to inflation like paper currencies.
The precious metals market may be starting to figure out that price inflation caused by Central Bank money printing in the last year – with the Fed leading the charge – is going to become an uncontrollable problem
