The EU Can Back Ukraine If It Wants To: It Just Has To Overhaul Its Political Economy, Military And Markets
The EU Can Back Ukraine If It Wants To: It Just Has To Overhaul Its Political Economy, Military And Markets By Michael Every of Rabobank The US-Russia Ukraine War ceasefire talks in the Saudi capital yesterday are causing a chain Riyadh-tion. Russia made no concessions at all. Indeed, NBC news cites Western intelligence and congressional […]
Flashback: Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings
Flashback: Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings Authored by Ken Silva via Headline USA (March 24, 2024), Weeks after Federal Reserve Chairman Jerome Powell evaded a sitting congressman’s questions about the central bank’s foreign gold holdings, the Fed has also declined to comply with a Freedom of Information Act request for […]
Gold Hits All-Time High as Trump Expands Tariff Agenda
Gold hit a new all-time high of $2,946.85 per ounce, marking its ninth record this year, driven by President Trump’s threats to impose 25% tariffs on automobiles, semiconductors, and pharmaceuticals. Market analysts expect the precious metal to push toward $3,000 as safe-haven demand intensifies. UBS analyst Giovanni Staunovo suggests sustained…
Goldman Sachs Eyes $3,300 Gold as Record Rally Shows No Signs of Slowing
Gold continues its record-breaking rally, surpassing $2,950 per ounce and approaching the $3,000 milestone. The surge, fueled by Fed rate cuts in late 2024 and increased safe-haven demand, has prompted Goldman Sachs to raise its 2025 year-end forecast to $3,100. The bank cites strong central bank buying and ETF demand…
UBS, Goldman Predict Gold’s March to $3,200+ in 2025
Major Wall Street institutions are significantly raising their gold price forecasts as the precious metal continues its impressive rally, currently trading at $2,941 per ounce. UBS analyst Joni Teves has projected gold prices could surge to $3,200, citing a combination of bullish sentiment, untapped investor potential, and robust official sector…
Gold Revaluation: America’s $800 Billion Debt Solution?
A potential gold revaluation to $3,000 per ounce could help reduce U.S. debt without destabilizing markets. The proposed strategy involves using revalued gold as collateral for 0% borrowing to retire high-interest debt, potentially freeing up $800 billion in buying power. This approach, linked to Trump’s Sovereign Wealth Fund proposal, aims…
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?