Fed to release CBDC review paper; Kevin O’Leary says Fedcoin not going to happen
As the Federal Reserve prepares to launch a paper reviewing the U.S. central bank digital currency (CBDC), investors are speculating as to when it will be released, and what its release will mean for the rest of the cryptocurrency market.…
SEC’s Gensler: ‘A lot of people will get hurt’ if crypto remains outside of policy framework
If crypto exchanges and lending platforms are not brought inside the policy framework, “a lot of people will get hurt,” U.S. Securities and Exchange Commission Chair Gary Gensler testified before the House Financial Services Committee. “If we don’t get these…
Is the silver price controlled by banks? Here’s what’s really happening – Jeff Christian
Jeff Christian, managing partner of the CPM Group, discusses with David Lin, anchor of Kitco News, how to interpret large volumes of silver trading. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow CPM Group on Twitter: @CPMGroupLLC (https://twitter.com/CPMGroupLLC) #silver #commodities…
Have you given up on gold? Surprising comeback after volatile week
It has been a very volatile week for gold. After dropping $30, the precious metal surged back to its very familiar territory of $1,750-$1,760 an ounce. Soaring U.S. Treasury yields and a higher U.S. dollar were the main obstacles for…
Should you sell stocks now? ‘Gold to shine’ in 2022 – Bill Baruch
Bill Baruch, president of Blue Line Futures, discusses with David Lin, anchor for Kitco News, how long the current stock market correction can last, and the outlook for precious metals in 2022. 0:00 – S&P 500 4:33 – Debt ceiling…
How a junior exploration company built a big moat
An asset that “came along for the ride” during a transaction led to a sizeable economic moat for a battery metals junior. First Cobalt’s CEO Trent Mell spoke to Kitco last week from the company’s refinery in Ontario. __________________________________________________________________ Kitco…
Expect $30 silver price, then $50 soon after, by 2022 – Steve Penny
Once silver breaches $30, there would be minimal resistance keeping it back from hitting $50, said Steve Penny, publisher of The Silver Chartist report. Penney told David Lin, anchor for Kitco News, that $50 or even $30 an ounce for…
$1 trillion platinum coin? The U.S. has this little-known option to pay off debt – Steve Hanke
Steve Hanke, professor of Applied Economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the possibility of the U.S. Treasury minting a platinum coin with a face value of $1 trillion and use that to buy…
Powell: Fed has ‘no intention to ban’ cryptocurrencies
Federal Reserve Chair Jerome Powell told U.S. lawmakers that the Fed has “no intention to ban” cryptocurrencies. During his testimony before the House Committee on Financial Services, Powell was asked to clarify his July comment that one of the stronger…
Global economy recovery still on track, inflation spike remains transitory – Central Bankers
Central bankers speaking at the ECB Forum on Central Banking remain optimistic that the global economy will be back on track by the end of this year or early 2022. However, they also recognize that constraints in the global supply…
