from Arcadia Economics:
TRUTH LIVES on at https://sgtreport.tv/
Is gold too expensive to buy right now?
by Claudio Grass, Claudio Grass:
This question has been at the center of a great many conversations I’ve been recently having with clients and friends. The way I like to answer it is with another question: Expensive compared to what?
Despite its recent surge to record highs, there are compelling reasons why purchasing gold right now is a prudent decision, with strong indications that its value is poised to climb even higher. Making investment decisions solely based on the current price of any asset without considering its underlying value or future potential can be prove to be a very costly mistake.
NEW – JPMorgan chief Jamie Dimon says “Bitcoin has no intrinsic value. It’s used heavily by sex traffickers, money launderers, ransomware.”
NEW – JPMorgan chief Jamie Dimon says "Bitcoin has no intrinsic value. It's used heavily by sex traffickers, money launderers, ransomware."pic.twitter.com/evw08ErJ27
— Disclose.tv (@disclosetv) January 13, 2025
Junk Bond Default Surge Continues in 2024
by Peter Schiff, Schiff Gold:
Consumers aren’t the only ones defaulting on their debts: Corporate bond defaults were up massively in 2023, especially for high-risk junk debt, and the trend is continuing this year at a pace not seen since the 2008 global financial crisis. Unsurprisingly, companies selling low-rated junk debt are being hit the worst.
Last year, according to S&P Global Ratings, corporate bond defaults increased by a disconcerting 80%. High interest rates coupled with high inflation have made it a struggle for companies to make good on their commitments even as waves of new bond buyers continue to arrive, eager to lock in higher yields before rates go down. Demand remains strong for junk bonds and hybrid debt, but for companies with poor liquidity, poor to negative cash flow, and/or an outsized existing debt burden, the result is a compelling setup for even more defaults in 2024.
The Royal Mint’s Growing Interest in Singapore
from BullionStar:
The Royal Mint, which is the United Kingdom’s official government mint, is taking a growing interest in Singapore and Southeast Asia’s bullion market and is expanding its presence and product offerings in the gold and silver-hungry region.
With an illustrious history going all the way back to 886 AD, The Royal Mint is one of the world’s oldest mints and is famous for its high quality bullion products including the long-running Gold Sovereign coin, the gold, silver, and platinum Britannia, Queen’s Beast, and Tudor Beast series of coins, as well as a variety of gold, silver, and platinum bullion bars.
Remember the Banking Crisis?
by Jim Rickards, Daily Reckoning:
Most of us recall the banking crisis of March to May 2023.
It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits.
Bank deposits over $250,000 each are not covered by FDIC insurance. Those depositors stood to lose all their money over the insured amount. This would have led to the collapse of hundreds of startup tech businesses in Silicon Valley that had placed their working capital on deposit at SVB.
