‘We are not at risk of hyperinflation’ — U.S. Treasury Secretary Janet Yellen
U.S. Treasury Secretary Janet Yellen faced a barrage of questions on inflation, irresponsible money printing, and employment shortages during her testimony before the House Ways and Means Committee on Thursday. “I do not believe we are at risk of hyperinflation.…
Perth Mint accused of putting clients at risk, CEO Richard Hayes refutes allegations
Richard Hayes, CEO of The Perth Mint, discusses with David Lin, anchor of Kitco News (https://twitter.com/davidlin_TV), why speculations of a shortage of inventory at The Perth Mint are wrong. Does The Perth Mint have enough metals to cover unallocated, allocated,…
Fed Chair Powell says inflation will be like the ‘lumber experience’
The Federal Reserve kept interest rates unchanged but did signal higher inflation and a possibility of two rate hikes as soon as 2023. Fed Chair Jerome Powell clarified the central bank rate announcement in a press conference, drawing parallels between…
This market will be in ‘great turmoil’ as inflation rises to 6% by 2023 – Steve Hanke (Pt. 2/2)
Watch part 1 of this interview: https://youtu.be/SNYSFFU8noE Steve Hanke, professor of Applied Economics at Johns Hopkins University (https://twitter.com/steve_hanke) discusses with David Lin, anchor for Kitco News (https://twitter.com/davidlin_TV), just how much inflation will rise over the next two to three years…
Are we getting a recession 2.0 and hyperinflation double whammy? Peter Berezin on biggest concerns
This is part 1 of 2 of the interview. Stay tuned for part 2 on Bitcoin and gold. Peter Berezin, chief global strategist at BCA Research, discusses with David Lin, anchor for Kitco News, the likelihood of the economy slumping…
Senator Warren calls Bitcoin a ‘scam’, threatens more regulation; Alex Mashinsky says she’s wrong
This is part 2 of the full interview. Watch part 1 here: https://youtu.be/rUzdaq5VuRQ At a recent Senate Banking Committee hearing, Senator Elizabeth Warren (Dem., Massachusetts) said that “cryptocurrencies have created opportunities to scam investors, assist criminals, and worsen the climate…
Legalizing Bitcoin will ‘completely collapse El Salvador’s economy’ – Steve Hanke (Pt. 1/2)
This is part 1 of 2 of the full interview Steve Hanke, professor of Applied Economics at Johns Hopkins University (https://twitter.com/steve_hanke) discussed the practicality of actually using Bitcoin as legal tender in a country like El Salvador with David Lin,…
Bitcoin price to soar to $160k as FOMO drives EM adoption, Musk’s influence wanes – Alex Mashinsky
Alex Mashinsky, CEO of Celsius Network, is upgrading his Bitcoin price target. On previous Kitco News appearances, Mashinsky had accurately predicted that Bitcoin would retrace $30,000 before climbing back to $70,000. Now, he sees the world’s largest cryptocurrency closing the…
Inflation ‘time bomb’ and invisible wealth destruction
Gold’s $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer. With U.S. inflation now running at an annual pace of 5%, the attention is turning to the…
The top 5 investment themes of the decade, and how to play them – Robert Minter
Investors need to keep five main investment themes in mind for the medium to long term: monetary policy, fiscal policy, de-carbonization, restrictive capital policies, and de-globalization, said Robert Minter, director of investment strategy for ETFs at Aberdeen Standard Investments. Commodities…
