With uncertainty growing around North Korea and Syria still a global hotspot, uncertainty is driving gold prices up. http://bit.ly/2pCginq— Peter Schiff (@PeterSchiff) April 19, 2017
- Unsurprisingly, the Vietnamese government has tried to bring all of that gold out of the underground economy. But as is generally the case, that’s easier said than done. http://bit.ly/2mFTYXC
- Analysts say that at current production levels, South Africa has only 39 years of accessible gold reserves remaining. This is significant considering they rank as the number 5 gold producing country in the world. http://bit.ly/2DdJFjP
- Bitcoin’s drop started after South Korea Finance Minister, Kim Dong-yeon said the government was still considering shutting down crypto exchanges. http://bit.ly/2Ddnwln
- The big question is how will the industry replace the massive gold mines that have produced large amounts of the yellow metal over the last 130 years or so? http://bit.ly/2DdJFjP
- A senior Chinese central banker reportedly said authorities should ban centralized trading of virtual currencies, and prohibit individuals and businesses from providing related services. http://bit.ly/2Ddnwln
- Once red-hot consumer sentiment has cooled to a six-month low. It will likely be in a deep freeze by election day, which is not good news for the economy or the stock market.
- Industrial applications represented about 60% of silver offtake in 2017. According to the Silver Institute, industrial demand will continue to grow in 2018, with the solar leading the way. http://bit.ly/2mP2gf5
- When it comes to the economy, most people aren’t worried about anything when there is everything to worry about. http://bit.ly/2FJdhXS
- At 2.62% the yield on 10-year Treasury is still low, but it's the highest since Sept. 2014. Since then S&P earnings have risen by 6.2%, while the S&P has risen by 44%. There is a significant risk of an inflation-driven spike in bond yields that is being completely ignored.
- Of course higher interest rates will eventually cripple the U.S. economy, which has relied on extremely low rates for years. Together with rising consumer prices, this will be a one-two combination punch that will knock the economy flat on its back.