Gold News


Biggest Federal Budget Deficit Since July; This Is Bad News for the Fed

March 14, 2022  by SchiffGold  0   0 If you thought the federal government running a budget surplus in January was a sign that Washington D.C. was getting its fiscal house in order, you’re going to be disappointed. Uncle Sam ran the biggest deficit since last July in February. The budget shortfall for the month came in at $216.6 […]

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Peter Schiff with Tucker Carlson: Inflation Only Has One Way to Go!

March 14, 2022  by SchiffGold  0   0 Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go. Up. Tucker said Peter should feel […]

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Biden Shifts Blame to Putin for Ongoing Inflation Tsunami

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Another volatile week of trading saw precious metals markets rally to new highs for the year on Tuesday before suffering a sharp drawdown on Wednesday and more selling here today. As of this Friday recording, the gold market shows a weekly gain of 0.8% to […]

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Ukraine and the Next Wave of Inflation, Part II, Can Russia Enact a Gold Standard?

In Part I we discussed how the fallout from the Russian invasion of Ukraine will lead to inflation, but not in the way most people think. In Part II we discuss the possibility of Russia repudiating the dollar and going on a gold standard. Can they do it? How would the world react? Why not […]

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Treasury Runs Largest Deficit in 8 Months After First Surplus in 2.5 Years

March 11, 2022  by SchiffGold  0   0 Last month, the US Treasury realized its first surplus in 2.5 years; unfortunately, the surplus was short-lived with the Treasury going in the red by $216.6B during February. Figure: 1 Monthly Federal Budget The Sankey diagram below provides a look at spending and revenue. The deficit represented 42.8% of total spending which […]

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