Gold, Silver, Economics, Geopolitics...
It was announced today that fourteen large retailers besides J.C. Penney are closing many of their brick-and-mortar stores. What does that have to do with the future spot price of gold and silver? A lot. It comes down to one word. Technology. The world is undergoing nothing short of a …
An interesting development has occurred in the markets that would suggest a sustained, multi-year rise in gold and silver prices is indeed around the corner. This week Fed chair Janet Yellen signaled what the FOMC’s intentions are on future interest rates. Prior to the meeting, some analysts were looking for …
Some of the largest global institutions are beginning to catch on that DLT (distributed ledger technology) is going to have an enormous impact on banking and payment systems. DLT has been around for years, primarily in the form of the Bitcoin blockchain. It’s stated benefits have been around nearly as …
It is interesting that recently there are increasing numbers of articles written discussing the merits of returning our monetary system to some form of the gold standard. One of the most unlikely people to be warming to the idea is, none other than, former Federal Reserve Chairman, Alan Greenspan. Alan …
Since the beginning of the year, both the DOW and gold have had impressive runs. The DOW now sits near 21,000 and gold has risen above the $1,260 level. It appears as though both may be ready for a pause. No market goes straight up, and the DOW has risen …
As we move closer to the cashless society that many governments would like to see implemented, the drawbacks of the plan become more pronounced. And while the benefits of a cashless society accrue almost exclusively to the government side of the ledger, it is becoming evident that the ordinary citizens …
Thus far in 2017 the price of silver has outperformed the price of gold on a relative basis. That means that the gold-to-silver ratio (the number of ounces of silver it takes to buy one ounce of gold) is falling. It began the year near 71 and now sits at 68.5. …
Gold and silver prices have suffered over the past few years through a grueling down market. 2016 appears at this point to have set a firm bottom in place for the price of precious metals. The same appears to be true for a broader basket of commodities. In fact there is …
We live in very interesting times to say the least. Financial innovation using new technology has been percolating for years. The advent and rising popularity of Bitcoin, and more importantly its underlying blockchain technology, has thrust the question of our world’s financial future into the spotlight. Between 2014 and mid-2016 an …
One of the more visible signs that FinTech is real and growing is the trend toward smaller, more technology focused branch banks. Bank of America recently accounted that it has opened three branches in the United States with zero workers. Bank of America Opens Branches Without Workers This is the …
