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Is the Gold Standard Coming Back in Texas? Legislators Propose Gold-Backed Digital Currency
Friday, April 7, 2023 - 8:03am | 1003The gold standard as it existed under the Bretton Woods system until 1971 is likely never coming back. There are a myriad of reasons for this but the most important lie with the US government’s ability to control the economy. Under the gold standard, the government no longer has the tools it...
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Platinum vs Gold: Which Precious Metal Is the Best Investment For Preserving Wealth Right Now?
Thursday, April 6, 2023 - 8:43am | 996In today's turbulent economic landscape, investors are growing increasingly concerned about the future. There are a myriad of worrying factors holding the economy down including the recent bank issues, high interest rates, persistent inflation, and a weakening US dollar. As a result, many...
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What the Slowing Job Market Means for Gold and Silver
Wednesday, April 5, 2023 - 8:18am | 693The U.S. job market is showing signs of slowing down as indicated by the Treasury Department’s Tuesday morning's Job Openings and Labor Turnover Survey (JOLT) report. According to the report, job openings in February dropped by 630,000 to 9.9 million from 10.56 million in January. This...
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Bitcoin vs. Gold: Here's What the Founder of the World's Largest Hedge Fund Would Choose
Tuesday, April 4, 2023 - 8:24am | 705The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better...
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As Gold Prices Reach Pre-War High, US Gold Corp Sees Its Reserve Value Soar
Thursday, March 30, 2023 - 7:18am | 703As the price of gold increases, U.S. Gold Corp (NASDAQ: USAU), a precious metals exploration and development company, has seen the value of its reserves soar. The price of gold recently passed $2,000 per ounce, a high it hasn’t seen since before the Ukrainian-Russian war. Gold and other...
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Will Deutsche Bank be the Next to Fall? Worried Investors Are Already Turning to Gold
Wednesday, March 29, 2023 - 7:34am | 836After Silicon Valley Bank became the second-largest bank of all time to fail, investors and analysts across the world have been sounding alarm bells. Some fear that the entire banking system is still at risk, but many think that the Treasury Department’s decision to bail out depositors was...
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Investing in Fear: Why the Fed Rate Hike Has Investors Turning to Gold and Silver for Security and Profit
Tuesday, March 28, 2023 - 8:53am | 723Few analysts and investors were surprised when the Federal Reserve raised interest rates by another 25 basis points. While the decision to hike rates comes as no surprise, it has already stirred up debate among financial experts. Some argue that the move is a necessary step to combat inflation,...
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The Perfect Storm: Interest Rate Hike, Inflation and Banking Crisis Send Gold Prices Above $2,000
Tuesday, March 28, 2023 - 7:41am | 685Gold is a popular safe-haven asset and hedge against market uncertainty, so it wasn’t much of a surprise when gold prices started to rise following each of this month’s major economic crises. The extent of this push was surprising to some investors who dismissed gold’s use as a...
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Behind the Gilded Curtain: Why Billionaires Love Gold and How You Can Get the Same Benefits
Wednesday, March 22, 2023 - 3:16pm | 1036Gold has been popular with the elite for millennia, going back to ancient Egyptian pharaohs. It has consistently held an allure for the wealthiest and most powerful people who existed. Today, many of the world's wealthiest individuals, such as Ray Dalio, John Paulson, Lord Jacob Rothschild and...
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Here's A Gold Rally Sympathy Play With 32% Upside Potential: Analyst
Wednesday, March 22, 2023 - 10:28am | 459Gold prices have been on a rollercoaster ride since last week, with investors selling off their gold holdings in the wake of the abating fears over the U.S. banking crisis. Prices of the precious metal soared past the $2,000 level earlier this week, but fell 1.92% to $1,944 on Tuesday. Despite...
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3 Things You'll Want to Own If the Sh*t Hits the Fan
Tuesday, March 21, 2023 - 12:08pm | 937As the world watches with trepidation the recent string of bank runs, liquidity crises and outright failures sparked by the collapse of Silicon Valley Bank and Signature Bank, many are considering where this crisis will lead. The global banking system is surely in hot-water at the moment, but...
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Is Silver the Next Gamestop? How Retail Investors Challenged Wall Street Giants Again
Monday, March 20, 2023 - 9:34am | 631In the wake of unprecedented short squeezes involving stocks like GameStop and AMC in early 2021, a group of retail investors from the Reddit forum r/WallStreetBets (and the spinoff called r/WallStreetSilver) set their sights on the silver market, attempting to challenge Wall Street giants with a...
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Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth
Monday, March 20, 2023 - 9:27am | 697The recent failures of Silicon Valley Bank and Signature Bank, two of the largest banks in the United States, piled on top of existing crises like inflation and the war in Ukraine, have raised concerns about the stability of the global financial system. As investors search for ways to protect their...
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Here's Why Investors are Turning to Gold and Silver After Silicon Valley Bank and Signature Bank FDIC Backstop
Monday, March 13, 2023 - 12:45pm | 540Global financial markets started to panic last week after Silicon Valley Bank — SVB Financial Group (NASDAQ: SIVB) — the 16th largest bank in the U.S. with over $200 billion in assets under management, collapsed on Friday, March 10, 2023. It was the second-largest bank in history to...
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The Race is On: When Will the World Run Out of Gold?
Monday, March 6, 2023 - 4:14pm | 325Gold is famous for its rarity and that likely won’t change any time soon. In fact, the global demand for gold hit a decade peak in 2022 while its supply continues its nearly 7-year plateau. So gold is in high demand, but will it run out any time soon? The Earth has a limited amount of...