US Household Debt Hits $18 Trillion as Payment Struggles Mount
Americans are facing growing challenges with their debt obligations, according to the Federal Reserve Bank of New York’s latest report. Total household debt increased 0.5% to $18.04 trillion in the fourth quarter of 2023, with credit card balances surpassing $1.2 trillion – a 7.3% year-over-year increase. While debt growth can…
Musk’s DOGE to Potentially Audit Fort Knox Gold
Elon Musk is set to examine America’s gold reserves at Fort Knox through his Department of Government Efficiency (DOGE), responding to concerns about lack of regular audits. The initiative was sparked by Senator Rand Paul, who has spent a decade attempting to verify the reserves himself. The United States holds…
Goldman Raises Gold Target to $3,100 as Central Banks Stack
Goldman Sachs has raised its gold price forecast to $3,100 per ounce by the end of 2025, up from its previous $2,890 target. The revision is primarily driven by increased central bank demand, particularly from China, with monthly purchases expected to reach 50 tonnes. Goldman strategists maintain their ‘Go for…
US Gold Reserves Audit After Half a Century?
As $10B flows weekly into gold markets, DOGE considers first comprehensive Fort Knox audit since 1974. What will they find?
Bank of America: Triple Threat Could Send Gold to Record $3,500
Bank of America sees potential for gold to surge above $3,500, driven by increasing demand from central banks, particularly in developing nations. BofA strategist Michael Widmer notes that a combined 10% increase in purchases from retail investors, institutional funds, and central banks could push gold to this new height. Gold…
Singapore Ships 11 Tons of Gold to US as Markets Diverge
Singapore’s gold exports to the United States surged to 11 tons in January 2025, marking a 27% increase from December and the highest level since March 2022. This significant shift in traditional trading patterns, which typically see Singapore’s gold flowing to Asian markets, comes as the global gold market faces…
Gold’s Biggest Risk? Peace in Ukraine, Says Morgan Stanley
Morgan Stanley warns that a potential Trump-brokered peace deal between Russia and Ukraine could be the biggest threat to gold’s bull run, potentially sending prices down 17% to $2,400 per ounce. The bank attributes gold’s 50% surge since 2022 primarily to increased central bank buying, which doubled to over 1,000…
Fort Knox, Where Is The Gold? “This is ENORMOUS” – Mike Maloney
In this eye-opening video, Mike Maloney examines record-breaking gold inflows and the swirl of theories around Fort Knox, the Treasury, and the Federal Reserve.
Gold’s Record Run Prompts Goldman to Raise 2025 Forecast
Goldman Sachs has raised its 2025 gold price forecast to $3,100 per ounce, up from $2,890, driven by increased central bank demand and geopolitical uncertainty. The precious metal has already set eight record highs this year, reaching $2,942.70 on February 11, with global demand hitting a record 4,974.5 metric tons…
Now Everyone Can See It: The Economy Is Terrible
Now Everyone Can See It: The Economy Is Terrible Authored by Jeffrey Tucker via The Epoch Times, For years, I’ve waited for some honesty about economic data. The official numbers have not made sense. The labor numbers were all over the map with growing disparities between data-collecting methods. The output numbers did not fit with […]