Gold prices rose 29% since June 2021, from $1,800 to $2,320 an ounce, while CPI increased 12.3%, per BLS data. Gold outpaced inflation by over double, proving a strong inflation hedge!
Present changes in the global gold market, in which pricing power is shifting East, could be a precursor to a transformation in the international monetary order.
Official gold reserve information is unreliable, your secretary-treasurer said, providing several major examples of how it has been falsified over the years.
The short of it is that the Fed either wins inflation but drives us deep into recession, or it rushes to bail out a collapsing economy but lights inflation fully back on fire again.
De-dollarization in Tanzania won’t impact the U.S. dollar's trajectory much, but it highlights a global trend of more countries moving away from the greenback.
Haggith notes gold has long-term growth potential when a more obvious economic recession hits, but faces short-term challenges due to delayed Fed rate cuts.
Military spending growth seems unlimited. Why does it seem the Pentagon is far better at spending money than actually putting together a successful operation?
Through the first seven months of fiscal 2024, the federal government has blown through a staggering $4.49 trillion. That's up 8 percent over the same period last year.
If much of the world continues to slowly sink into recession, then oil demand may fall in the summer for reasons having little to do with changes in travel.
