Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours
KEY POINTS On Wednesday, Silicon Valley Bank was a well-capitalized institution seeking to raise some funds. Within 48 hours, a panic induced by the very venture capital community that SVB had served and nurtured ended the bank’s 40-year-run. Regulators shuttered SVB Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest […]
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“Classic bank run” led to historic bank failures, says ex-Trump adviser Gary Cohn
The startling collapse of two major banks — Silicon Valley Bank and Signature Bank — was caused by a “classic bank run,” Gary Cohn, vice chairman of IBM and director of the National Economic Council under the Trump administration, told “CBS Mornings.” “We had a situation where people got scared about a bank’s ability to return depositors’ […]
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$2500 gold will be a reality in 2023 as strong inflation and weak equities push investors into precious metals
Retail investors will move into gold once the reality of high inflation and weak equities sets in, while the absence of regulatory clarity limits gold’s gains on the blockchain, according to Deven Soni, CEO of Matador Gold Technologies, a company that enables physical gold purchases using blockchain technology. “Most people that pay attention think that […]
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Gold rallies to 6-month high in buoyant start to 2023
Gold started the new year on a solid note after ending a volatile 2022 largely unchanged, with prices rallying to a more than six-month peak on Tuesday as investors positioned for the Federal Reserve’s latest policy minutes. Spot gold rose 0.7% to $1,836.12 per ounce, having hit a high since June 17 last year. U.S. […]
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Silver and gold poised to shine in 2023
Expert: Precious metals are ‘go-to assets’ during economic downturn Amid persistent inflationary pressures and the worst year for stocks since 2008, precious metals like silver and gold are positioning themselves as a safe haven for traders in the coming year. Often considered recession or inflation-proof, gold and silver registered gains, outpacing the three major U.S. stock […]
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Gold at $4,000? Analysts share their 2023 outlook as inflation, recession fears linger
Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital. The price of the precious metal could reach between $2,500 and $4,000 sometime next year, Kiener told CNBC’s “Street Signs Asia” on Wednesday. There […]
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Long-Time Gold Bear JC Parets Turns Bullish; $5,000 Possible
A long-time bear on investing in gold bullion seems to have flip-flopped. Now he’s bullish, and how! JC Parets, who founded and runs technical analysis firm AllStarCharts.com now sees the price of gold bullion heading towards $5,000 a troy ounce. Among other things, technical analysts use price charts to predict where asset prices may go next. Active […]
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Record solar demand should support silver as prices start the week below $21 – Heraeus
Shifting interest rate expectations continue to take their toll on the precious metals market, with silver leading the selloff as prices start the week below $21 an ounce. However, one precious metals research firm says the green energy transition should provide some support for the precious metal in 2023. The comments come as silver has […]
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Gold to break $2,000 and never look back
The Federal Reserve has to keep tightening in response to worrying inflation data, but its actions are going to weigh on commodities and the broader market, warned Bloomberg’s Macro Strategist Mike McGlone. McGlone spoke to Kitco at Mines And Money Miami on Thursday. “The Fed is still tightening. The world still tilts towards recession,” said […]
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Banks Brace For Cyber Attacks In 2021
Why cyber attacks make precious metal investments more appealing.
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Financial “Medicine” Makes Economy Sicker
The Federal Reserve dismisses inflation concerns. Do you believe them?
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How’s Your Portfolio Looking?
The Federal Reserve is dismissing any concerns about inflation, so do we trust them?… Probably not.
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Silver Projected To Strong Arm Gold In 2021
Silver is expected to be the best performing precious metal in 2021 at $28.50. Gains are in the future for all precious metals this year, but silver is believed to be the big winner.
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Hi Ho Silver!
The #silversqueeze social media induced bump in silver prices fizzled almost as quickly as it began.
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US Government Hits Biggest December Debt In History
The US government ran the biggest December budget deficit in history last month. The December budget shortfall came in at $143.6 billion.
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Top Investors Believe Stocks Will Be Worse Under Biden
Two-thirds of those polled said that they believe the stock market will be worse during Biden’s four-year term than it was under Trump’s four-year term. A recent survey by financial insiders last week polled over 100 chief investment officers, portfolio managers and other contributors who manage money about where they stood on the upcoming year […]
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Silver Projected Primary Metal In 2021
Trillions of dollars were pumped into financial markets this past year and that won’t come without consequences. Economists suggest investors should brace for inflation in 2021. Silver’s bull market is just beginning and could become the “primary metal” in benefiting from electrification and quantitative easing next year. The precious metal will follow in gold’s footsteps towards its own […]
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Bye By Middle Class
Biden’s tax plan will take a bite out of small businesses and destroy the economy taking down the middle class with it. For decades now, the middle class has been shrinking, stagnating, and becoming less and less secure, even as the world enters its tenth year of economic growth and the U.S. experiences a decade-long […]
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Gold Up, Dollar Down
Dollar trades near 2-1/2 year low Gold jumped above 2% on Tuesday, rebounding from a five-month low as the dollar slid, with U.S. stimulus funds adding to bullion’s appeal as an inflation hedge. Spot gold climbed 2.1% to $1,814.99 per ounce and U.S. gold futures settled up 2.1% at $1,818.90. Although gold plunged to $1,764.29 on […]
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Civil War Is Imminent Post Election 2020
According to 61% of US population, a majority of consumers are stockpiling supplies and looking for safer ways to protect their money. Additionally, 52% of consumers have also stockpiled food or essential goods in anticipation of social unrest tied to a resurgence of COVID-19 in the coming months and/ or the election. This is the […]
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Civil War Is Imminent Post Election 2020
According to 61% of US population, a majority of consumers are stockpiling supplies and looking for safer ways to protect their money. Additionally, 52% of consumers have also stockpiled food or essential goods in anticipation of social unrest tied to a resurgence of COVID-19 in the coming months and/ or the election. This is the […]
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WELCOME TO THE UNITED STATES OF SLUMERICA
The nation has entered a dangerous phase in its historical development from which there may be no return. As the corporate-consumerist juggernaut that now defines the nation rolls over us, the very factors that once propelled America to greatness—extreme individualism, territorial and economic expansion, and the pursuit of material wealth—are, paradoxically, the nails in our collective coffin. Within a few decades, the United States may very well […]
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How’s Your Portfolio Looking?
The Federal Reserve is dismissing any concerns about inflation, so do we trust them? Probably not. Biden’s $1.9 Trillion Dollar Bet On Modern Economic Theory The Federal Reserve is dismissing any concerns about inflation, so do we trust them? Probably not. Make no mistake, their so-called “full employment” agenda will cause inflation to rise and […]
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