‘Shocking’ inflation now higher than Fed’s target, is ‘harbinger of things to come’ – Steve Hanke
Headline inflation is now at 4.2%, the highest reading since 2008. Steve Hanke, professor of applied economics at Johns Hopkins University, said that this is a ‘harbinger’ of even more inflation. Hanke told David Lin, anchor for Kitco News, that…
‘There’s nothing long term about crypto’ – Wheaton Precious Metals
Cryptocurrencies are incredibly volatile and very speculative, warned Wheaton Precious Metals CEO Randy Smallwood who spoke to Kitco on Friday. The company’s Q1 was released on Thursday. Wheaton’s revenue was $324 million in the first quarter of 2021, representing a…
Hyperinflation ‘wiped out’ these great currencies, is the U.S. dollar next? Steve Hanke
There have been a total of 62 recorded cases of hyperinflation, and in all cases, the underlying currency in the economy has failed, according to Steve Hanke, professor of applied economics at Johns Hopkins University. “If you have hyperinflation, you…
Gold price finally breached $1,800, will it fall to $1,400 or breach $2,220 next? Gary Wagner
Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the timeline for gold to breach new all-time highs, and the factors behind this push. 0:00 – Are we on the road to $2,000? 3:30 – Sentiment…
Is Polkadot the next star cryptocurrency? Why altcoins beat Bitcoin in 2021 – Greg King
Polkadot has risent more than 1,200% since trading began in September, 2020, and it now the eight largest altcoin by market capitalization. Greg King, CEO and founder of Osprey Funds, recently launched the Osprey Polkadot Trust, a fund based on…
Gold is five-times less carbon intensive than bitcoin – Skarn Associates
For a dollars worth of bitcoin CO2 emissions are between 2.2 to 2.3 kilograms versus just 0.5 kilograms of gold, said Mark Fellows, co-founder of and director at Skarn Associates. On Friday, Fellows recorded Kitco Roundtable podcast with correspondent Paul…
Gold price sees best week in 6 months
Gold rose more than $70 this week after finally cracking the psychologically important $1,800 an ounce level. Gold hit a 10-week high on much weaker-than-expected U.S. employment data, a lower U.S. dollar, and a retreat in U.S. Treasury yields. Here’s…
When lumber crashes, will stocks follow? ‘Few understand this’ says Michael Gayed
When the lumber to gold ratio spikes, it’s usually a signal that risk on sentiment will remain strong, said Michael Gayed, portfolio manager at Toroso Investments. Gayed has been tracking the lumber to gold ratio as part of his Lead-Lag…
Roubini: Fed is ‘cornered’; will either lose control of inflation or crash markets (Pt. 1/2)
While inflationary fears are picking up, the markets have not demonstrated a readiness to accept higher interest rates. In fact, rising nominal treasury yields over the past few months have, on several occasions, prompted market selloffs. This predicament puts the…
Silver Spiking & Trading Armageddon – Mike Maloney
Silver is spiking and billionaires are buying gold for the first time. Have we already seen Mike Maloney’s scenario of ‘short term deflation’ play out? Join the team in today’s must-watch video for the answer. Link to the Bloomberg video…
