Trump Asks Supreme Court To Halt Sentencing In Hush Money Case
Trump Asks Supreme Court To Halt Sentencing In Hush Money Case Donald Trump petitioned the US Supreme Court to postpone his sentencing in the Stormy Daniels/hush money case, scheduled for Friday, Jan. 10. This move comes after a New York appeals courts rejected his requests for a delay, including a recent denial from the state’s […]
Central Banks Drive Gold Higher Ahead of Fed Minutes
Gold prices showed modest gains in early trading, rising 0.1% to $2,667.50 per troy ounce as traders position themselves ahead of key economic indicators. Central bank buying has emerged as a major price driver, superseding the traditional influence of gold ETFs according to Commerzbank analysts. China’s central bank has increased its gold reserves for two […]
Three Chinese Nationals Arrested In DR Congo With 12 Gold Bars And $800,000 In Cash Hidden
Three Chinese Nationals Arrested In DR Congo With 12 Gold Bars And $800,000 In Cash Hidden Three Chinese nationals have been arrested in eastern Democratic Republic of Congo with 12 gold bars and $800,000 in cash hidden beneath their vehicle seats, according to the BBC. According to South Kivu Governor Jean Jacques Purusi, the arrests were […]
Why Deflation Is Good For The Economy
Why Deflation Is Good For The Economy Authored by Frank Shostak via The Mises Institute, The yearly growth rate of the consumer price index (CPI) stood at 2.7 percent in November, against 2.6 percent in October. In June 2022, the yearly growth rate was 9.1 percent. The price of a good is the amount of […]
Sam Altman: OpenAI Is “Losing Money”, Shares 2025 Agentic AI Outlook
Sam Altman: OpenAI Is “Losing Money”, Shares 2025 Agentic AI Outlook The road to profitability for OpenAI remains uncertain as the CEO, Sam Altman, revealed on Sunday on X, “Insane thing: We are currently losing money on OpenAI Pro Subscriptions!” He blamed the high usage of ChatGPT. insane thing: we are currently losing money on openai pro subscriptions! […]
China Signals Confidence in Gold with Fresh Reserve Purchases
The People’s Bank of China has demonstrated renewed commitment to gold accumulation, expanding its reserves for the second straight month in December despite historically high prices. The central bank’s holdings increased to 73.29 million fine troy ounces from 72.96 million in November, marking a significant return to buying after a six-month pause during 2024’s price […]
Beyond Competition: Gold and Bitcoin as Complementary Assets
As both gold and bitcoin achieved record highs in 2024, investment experts are making the case for including both assets in 2025 portfolios, emphasizing their distinct characteristics and near-zero correlation. Gold, with its 5,000-year history, maintains a 0.03% correlation with the S&P 500 since 1971, providing proven protection against inflation and currency depreciation. Bitcoin, despite […]
US Debt Concerns Push Yields to Dangerous Territory
Apollo Global Management’s chief economist Torsten Slok is drawing alarming parallels between current market conditions and the 2022 UK crisis that forced Prime Minister Liz Truss’s resignation. With Treasury yields reaching 4.6%, the markets face a complex challenge: mounting US debt concerns intersecting with potential Trump-era tax cuts. The situation is particularly concerning as the […]
The Age Of Debt And Monetary Destruction
The Age Of Debt And Monetary Destruction Authored by Daniel Lacalle, If you want to really understand the current monetary system and the risks and opportunities it creates, you must read “The Age of Debt Bubbles.” This is a comprehensive, informed, and thorough analysis of the current global monetary system. Debt bloats the global economy. […]
High Interest Rates Are Healthy, Low Rates Are Poison
High Interest Rates Are Healthy, Low Rates Are Poison Authored by Charles Hugh Smith via OfTwoMinds blog, The status quo has it backwards: low rates are now essential to prop up the wreckage left from previous doses of default and cascading losses. The economy depends on two related drivers: low interest rates and asset bubbles. These […]