US Government Runs Biggest December Deficit in History

January 14, 2021  by Michael Maharrey  0   0 The US government ran the biggest December budget deficit in history last month. The December budget shortfall came in at $143.6 billion. That compares with a $13.3 billion deficit in December 2019, according to the Monthly Treasury Statement. Spending continues to drive the ballooning budget deficits. Receipts were actually up […]

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Peter Schiff: Commodity Boom Isn’t About Economic Growth; It’s About Inflation

January 14, 2021  by SchiffGold  0   0 Commodities are booming. A lot of people seem to think this is a sign of pending economic growth. But in his podcast, Peter Schiff said it’s really a sign of inflation. Most of the investment world continues to focus on the stock market and they’re not really paying attention to what […]

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Demand for Silver in Automobile Production Expected to Rise

January 12, 2021  by SchiffGold  0   0 Last month we reported that the surge in solar energy use could power a strong demand for silver. Now analysts say demand from another sector could also benefit the white metal. A report by the Silver Institute projects that the automotive industry will absorb nearly 90 million ounces of silver annually […]

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Six Central Banks Increased Gold Reserves in November

January 12, 2021  by SchiffGold  0   0 Six central banks added gold to their reserves in November. Purchases totaled 16.8 tons, consistent with the level of purchases in both August and September. On net, central banks were sellers globally in November, thanks to a large decrease in reserves by the Turkish central bank, according to the latest data […]

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Will Last Week’s Spectacular Gold Market Intervention Open People’s Eyes?

Last week, rioters breached the U.S. Capitol, the president’s mental health was thrown into urgent question again, the dollar was sinking fast on international exchanges, the U.S. economy was crashing, unemployment was rising, and the president-elect announced that the new national administration would be distributing trillions more dollars in pursuit of economic recovery. So why […]

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