Central Banks Chart Different Paths as U.S. Tariffs Reshape Global Economy
Major central banks are taking divergent policy paths as U.S. tariffs create different challenges across the global economy. While the U.S. Federal Reserve holds rates steady due to inflation concerns, the Swiss National Bank is considering negative rates to combat currency strength, and the Bank of Japan maintains a potential…
South Korea’s Gold Rush: Banking Balances Double as Physical Bullion Faces Shortage
South Korea is experiencing a gold investment boom, with gold banking balances exceeding ₩1.1 trillion ($825 million) in April 2025, nearly double the figure from a year ago. Physical gold demand has also surged, with April sales of gold bars reaching ₩34.87 billion ($26 million), more than four times higher…
Gold Import Quotas Increased as China Battles Trade War Economic Fallout
China’s central bank has approved foreign exchange purchases for commercial banks to fund increased gold import quotas, according to two sources familiar with the matter. This move comes alongside other stimulus measures, including interest rate cuts and liquidity injections, as China works to offset economic damage from the U.S. trade…
GOP Fiscal Hawks Dig In, Insist Megabill ‘Must Not Add To The Deficit’ To Avoid $50 Trillion Debt By 2035
GOP Fiscal Hawks Dig In, Insist Megabill ‘Must Not Add To The Deficit’ To Avoid $50 Trillion Debt By 2035 A bloc of 32 House Republicans is pressuring their party’s leadership to uphold strict fiscal constraints as Congress moves to draft the sweeping legislative package underpinning former President Donald J. Trump’s domestic agenda. In a […]
Gold Market Reacts: Prices Drop on US-UK Deal While China Boosts Import Quotas
Gold prices fell on Thursday, dropping 0.4% to $3,352.63 an ounce, as President Trump’s announcement of a comprehensive trade deal with Britain eased market tensions. The deal, which Trump described as one that will “cement the relationship” between the two nations, reduced investor interest in gold as a safe-haven asset….
“You Only Need $35”: Breaking Down the Barriers to Gold Investing
“You don’t need thousands to start investing in gold.” That’s what Mike Maloney reveals in his eye-opening new video with Alan Hibbard. They show exactly how everyday investors can build a precious metals portfolio — starting with just $35. With exclusive insights on silver’s current opportunities and actionable strategies to…
The First Crypto Currency: The Dollar
The First Crypto Currency: The Dollar Authored by Christopher Whalen via DailyReckoning.com, President Abraham Lincoln is considered to be the moral savior of the United States for ending slavery. To pay for the war, he made enormous changes in the basic relationship between the federal government and money. These changes greatly diminished individual property rights […]
China’s Central Bank Adds 30 Tons of Gold in Six Months as Prices Soar
China increased its gold reserves for the sixth consecutive month in April, adding about 70,000 troy ounces. Over the past six months, China has added nearly 1 million ounces (30 tons) to its reserves. This comes amid record gold prices, which have risen almost 30% this year. The trend reflects…
Consumer Debt Jumps In March As Student Debt Unexpectedly Soars
Consumer Debt Jumps In March As Student Debt Unexpectedly Soars One month ago, just as our long-running narrative that US consumers had been living with maxed out credit cards for the past year was becoming mainstream, the Fed’s February consumer credit data confirmed as much: a huge, 6-sigma miss to expectations of a $15BN print, […]
Fed Rejects Trump Calls To Cut Rates: Warns Of “Increased” Stagflationary “Uncertainty”
Fed Rejects Trump Calls To Cut Rates: Warns Of “Increased” Stagflationary “Uncertainty” Since the last FOMC meeting, on March 19th, a great deal has happened – Liberation Day, bond market crisis, stock market crash, a tariff pause, stock market surge, sentiment slump but labor market and hard data surged… and trump has demanded rate-cuts… oh […]