Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “The ancient Egyptians believed their gods had shimmering skin made from gold. While the Aztec word for gold, teocuitlatl, literally translates as ‘excrement of...
Gold Demand Up 12% Through First Half of ’22 Despite Tepid Second Quarter
August 1, 2022 by SchiffGold 0 0 Gold demand through the first half of 2022 came in at 2,189 tons, up 12% over the first half of last...
Slowdown! US 30Y Mortgage Rate Declines To 5.28% Despite Fed Rate Hikes (Global Recession Alert!) – Confounded Interest – Anthony B. Sanders
After breaking the 6% barrier back in June 2022, Bankrate’s 30-year mortgage rate has backed-off to 5.28% despite Federal Reserve rate hikes. The reason for...
Gold price outlook turns bullish as July FOMC meeting marks peak Fed hawkishness
DailyFX/Diego Coleman/7-30-2022 “With the economy on the brink of recession by some metrics, Federal Reserve officials may pivot to a more dovish stance later this...
It will turn out to be largely impossible to normalize interest rates without collapsing the economy
TheMarketNZZ/MarkDittli interview of Edward Chancellor/7-21-2022 “The system is very fragile. If my underlying thesis is correct, that the world can’t really cope with higher interest...
The Fleeting History of the Fugio Cent
No coin more perfectly represents the passage of time than the Fugio Cent. The coin, sometimes called the Franklin cent, is a work from Benjamin...