Gold prices steady but head for steep weekly losses as rate cut hopes wane – Investing.com
Investing.com — Gold prices were steady in Asian markets on Friday, but the metal has fallen sharply throughout the week after slipping from record highs on concerns about higher U.S. interest rates for a long time. Interest rate concerns have pushed up prices and weighed on metals prices across the board, with copper also falling […]
‘Gold Bar’ Sen. Bob Menendez sitting on $3.5 million campaign cash
Embattled Sen. Bob Menendez remains flush with campaign cash, even as he has burned through about $2 million while fighting charges in court and considering a possible unopposed reelection to the Senate. Menendez’s (D-N.J.) campaign organization raised about $19,632 between the beginning of April and May 15 and had $3.57 million in cash on hand […]
Gold prices fall below $2400 on rate jitters, copper hit with profit-taking – Investing.com
Investing.com — Gold prices extended losses in Asian markets on Thursday, sliding further from record highs as renewed concerns about high interest rates dented demand for the metal as a safe-haven asset. Industrial metals also followed suit, with copper prices tumbling from record highs on profit-taking and dollar pressure, but prices of the red metal […]
More Than $600K in Cash, Gold Bars Found at Sen. Menendez’s Home
The home of a New Jersey Democrat accused of accepting bribes and using his power as an elected official to benefit the Egyptian government was raided and more than $600,000 in cash and gold was recovered. It was discovered that there were bars in storage. Sen. Bob Menendez (D-N.J.) and his wife Nadine Menendez used […]
Why Gold Is Such an Effective Weapon Against the Government’s Monetary Schemes
Ron Paul: “Because gold is honest money it is disliked by dishonest men.” Buying physical gold is a time-proven method of securing generational wealth, and a security measure often taken in times of economic turbulence. Gold investing has long been viewed as a hedge against inflation and a store of value against currencies. Throughout history, […]
10 reasons why gold is gleaming more than ever
Economic panelists Rep. Jodi Arrington, R-Texas, and Rep. Art Laffer, R-Texas, reacted to President Biden’s claims about Kudlow that inflation was 9% when he took office. Gold has been coveted throughout history, and the precious metal’s appeal has not waned. There are many reasons why so many people invest in it. In fact, one of […]
Americans say real estate, stocks and gold are best investments: Gallup
Americans say the best long-term investment in 2024 will be real estate, followed by stocks and gold, according to a new Gallup poll. Respondents have ranked real estate as their top long-term investment for 12 consecutive years, but fewer people think so now than just a few years ago. According to the latest poll, around […]
The Stealth Bull and Bear Markets In Gold and Bonds
Almost a half-century ago, legendary trader Richard Dennis of C&D Commodities put on a famous trade: long (soy)beans and short bonds. The trade reflected the established bull market in commodities and bear market in 30-year U.S. Treasury Bonds. It was an era of high inflation (peaking at 14 percent during the disastrous Carter Administration). Bonds […]
A World Dedollarized is Gold Remonetized
From August 22 through 24th, an extended coalition of over 40 nations which has become known as BRICS+ will meet in Johannesburg, South Africa. Among the likely topics of discussion is the feasibility of setting up a jointly-owned international financial institution. It would be funded by gold deposits, issue a currency, and extend loans tied […]
‘Middle Finger To Gold Star Families’: Megyn Kelly Tears Into Psaki’s ‘Lying’ Defense Of Biden’s Watch-Checking Moment
Megyn Kelly criticized former White House press secretary Jen Psaki on Tuesday for her “lying” defense of President Joe Biden checking his watch during a ceremony honoring U.S. soldiers killed during the botched Afghanistan withdrawal. Psaki wrote in her new book “Say More” that Biden only checked his watch after the ceremony concluded, according to […]