Comex: Total Inventory Grows but Supply to Meet Delivery Shrinks May 18, 2022 by SchiffGold 0 0 This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal … [Read more…]
Surge in Government Tax Receipts Papers Over Federal Spending Problem May 17, 2022 by SchiffGold 0 0 With a surge in April tax receipts, the federal government ran a record budget surplus last month. This seems like good news. And the mainstream spun it as such. But record government revenue is papering over a spending problem that isn’t … [Read more…]
Sound Money and Freedom — Two Sides of the Same Coin May 17, 2022 by SchiffGold 0 0 If you want freedom, you need sound money. So, argues economist Ludwig von Mises. It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for … [Read more…]
ETFs Add More Gold in April; Total Holdings Just Shy of Record May 16, 2022 by SchiffGold 0 0 Gold-backed ETFs saw net inflows of gold for the fourth straight month in April. ETFs globally added 42.8 tons of gold to their holding, with Europe-based funds leading the way. The inflows in April brought total gold ETF gold … [Read more…]
Alabama and Virginia Extend Sales Tax Exemptions on Gold and Silver Bullion May 10, 2022 by Michael Maharrey 0 1 Virginia and Alabama both extended their sales tax exemptions on precious metal bullion this year, relieving some of the tax burdens on investors, and taking a step toward treating gold and silver as money instead of as commodities. … [Read more…]
Peak Inflation? Not So Fast! May 12, 2022 by SchiffGold 0 0 The March Consumer Price Index (CPI) was 8.5% annually, the highest since December 1981. But the mainstream narrative was that inflation had probably peaked because core inflation, stripping out more volatile food and energy, “only” rose by 0.3%. Mainstream pundits reasoned that the oil shock in … [Read more…]
Americans Are Using Plastic to Make Ends Meet as Prices Continue to Rise May 12, 2022 by SchiffGold 0 1 Americans are feeling the pinch of inflation. Wages are up but consumers are worse off. Average hourly earnings have risen by 5.5% over the last year. But factoring in rising costs, real earnings are down 2.6%. So, how … [Read more…]
Wishful Thinking: SchiffGold Friday Gold Wrap Podcast May 13, 2022 May 13, 2022 by SchiffGold 0 0 When we got the March CPI data last month, the mainstream crooned that it looked like we were at peak inflation. This was wishful thinking. The April CPI data that came out this week, along with the producer price numbers, indicate … [Read more…]
Federal Surplus: Did the Treasury Just See Peak Revenue? May 12, 2022 by SchiffGold 0 0 Tax revenues have been on the rise for about 18 months. As speculated previously, if this windfall was temporary, it would have shown up with a deficit in April due to a higher than normal tax returns surge. April is historically a … [Read more…]
We May Not Have Hit Peak Inflation Yet… May 11, 2022 by SchiffGold 0 1 The latest seasonally adjusted inflation rate for April came in higher than expectations at 0.34% MoM and 8.28% YoY. The main driver for the MoM slowdown was a fall in Energy prices. Although Energy fell by the most since April 2020, the rest … [Read more…]