The Federal Reserve Chair first declared inflation “transitory”, subsequently saying that “transitory has different meanings to different people… I think it’s probably a good time to retire that word”. April 2021: Federal Reserve Chair Jerome Powell publicly promises that price increases would “disappear over the following months and they’ll be transitory. They carry no implication […]
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Pierre Poilivre recently explained the concept of inflation in the simplest terms possible, using the old “$10 and 10 loaves of bread” analogy. Poilievre pinned the rapid rise of inflation on his competitor, Prime Minister Justin Trudeau, and estimates that a “half trillion” of printed money has been added in Canada insce Covid-19 alone. See […]
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Pierre Poilivre recently explained the concept of inflation in the simplest terms possible, using the old “$10 and 10 loaves of bread” analogy. Poilievre pinned the rapid rise of inflation on his competitor, Prime Minister Justin Trudeau, and estimates that a “half trillion” of printed money has been added in Canada insce Covid-19 alone. See […]
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JPMorgan Chase & Co. has just published its latest prediction for gold, forecasting Earlier today, JPM’s Executive Director of Global Commodities Research, Greg Shearer, said that the bank is predicting an average price of $2,175 per ounce in Q4 2024. “We’re in a very prime place where we think gold ownership and long allocation to […]
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In the United States of America, interest payments alone, are now greater than the entire military defence spending. Just the interest on federal debt (which is nearing $33,000,000,000,000 / $33-Trillion) is now around $900,000,000,000 / $900-Billion per year. If you do that math, that implies an interest rate of 2.73%. With such a ridiculous amount […]
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Today we examine two prominent Exchange Traded Funds (ETFs) offering exposure to gold mining companies. Namely, VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ). GDX offers exposure to the largest mining companies in the world, rough rule of thumb being those companies approximately $10-Billion market capitalization and over. GDX has 55 […]
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Crypto fund manager and early crypto advocate Marcus Abramovitch publicly predicted the FTX crash. He also believes there should be more crossover; crypto investors ought to consider adding some exposure to gold and vice versa: “Anyone who understands the reasons to have a crypto allocation in their portfolios should consider thinking about gold as well. […]
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David O. Sacks is a technology investor (Paypal, Facebook, Uber, SpaceX, Palantir, Airbnb) and most certainly not a “gold bug” so it’s amazing to see him talk about gold as an alternative to the diminishing US Dollar. Excerpted from the greatest podcast All-In #gold #crypto #motivation #bitcoin #vv #venturecapital #meta
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Bloomberg, Wall Street Journal, and Financial Times have been dead wrong each time they have declared gold to be dead. Bloomberg Opinion (June 28, 2023) recently published an op-ed headlined “Gold Is No Longer a Good Hedge Against Bad Times”. Link to Bloomberg article: https://www.bloomberg.com/opinion/articles/2023-06-28/gold-is-no-longer-a-good-hedge-against-bad-times There’s a problem, though. Crescat’s Tavi Costa was correct to […]
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Prominent investor Rick Rule, President and CEO of Sprott Holdings, has recently predicted that a “fourfold” increase to the price of precious metals would “merely” be a reversion to the mean, given that the current share of gold is 0.5% and the long term average is 2.0% (4X). In a recent interview conducted by Kitco, […]
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