Precious Metals News

Fortune: The Developing World Wants to Escape the Dollar's Gravitational Pull by Shifting More Reserves to Gold
Developing economies, which the group says have been the primary driver of gold buying since the 2008 global financial crisis, "appear to be more pessimistic about the U.S. dollar's future and more optimistic about gold's!"

Investors Observer: Gold and Silver Prices Prepare for a $50 Trillion Black Swan Event
This new deal is expected to boost US debt by over $4 trillion in the next few years. This will see the US national debt jump to over $35 trillion. Analysts believe that the US debt will hit over $50 trillion by 2030.

Markets Insider: The US's Borrowing is a Threat to the Dollar Even Though the Debt-ceiling Drama Looks Like It's Coming to an End, Jim Grant Says
"There'll be a resolution as there was in 2011, but in 2011 we promised $2.2 trillion in savings over 10 years and the net result was an increase in cumulative deficits of $11.5 trillion!"

Investors Observer: Is it Time to Buy Silver? Here Are 3 Reasons to Do So
Historical performance is one of the best reasons to add silver to a portfolio. That is, besides the fact that it is not correlated with the stock market. As a rule of thumb, the less the correlation, the better the decision to add an asset to a portfolio.

Market Watch: Fitch Warns U.S. AAA Credit Rating Could Be Cut Due to Debt-ceiling 'Brinkmanship'
Avoiding a default by minting "a trillion-dollar coin or invoking the 14th amendment is unlikely to be consistent with a 'AAA' rating and could also be subject to legal challenges," the rating firm said.

Bloomberg News: Cut Stocks, Buy Gold, Hold Your Cash, JPMorgan's Kolanovic Says
JPMorgan strategists led by Kolanovic trimmed its allocation to stocks and corporate bonds. The firm also rotated out of energy and into gold on haven demand, another move intended to strengthen the JPMorgan's defensive posture.

Financial Times: Why Investors are Going Gaga for Gold
"There has been a shift from investors primarily evaluating gold as an alternative to other dollar-denominated savings to increasingly evaluating gold as an alternative to the dollar!"

Markets Insider: Central Banks Will Keep Buying Gold as Dollar Sanctions Shift Long-term Strategies on Currency Reserves
In 2022, central banks bought 1,078 metric tons, the highest annual demand for gold since record-keeping began in 1950. "We think this trend of central bank buying is likely to continue amid heightened geopolitical risks and elevated inflation."

CNBC: Platinum Demand Predicted to Surge This Year, Leaving a Near 1-million-ounce Deficit
Global demand for platinum will see a 28% uptick this year compared to 2022, while supply will decrease 1% year-on-year. The platinum deficit for 2023 will be around 983,000 ounces, which is a 77% upward revision.

Yahoo Finance: Americans Have More of a Hankering for Gold Than Stocks for the First Time in a Decade
After a tough 2022 for stocks, gold is seen as a wiser long-term investment, a Gallup poll finds. The heightened American interest in gold echoed that of monetary policymakers in many countries. Central banks around the world bought more gold in 2022 than they did in any year since 1967.
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Business Insider: De-dollarization Means Gold is Underrated and Has a 'Long Way to Run,' Says Bridgewater's Co-CIO
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CBS News - "It's Really the Perfect Storm": Empty Office Buildings Across U.S. Could Lead to Financial Meltdown
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Fox News: Federal Government Under Biden Runs $928,000,000,000 Deficit in Just 7 Months
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Markets Insider: Gold Closes in on An All-time High Thanks to De-dollarization and Banking Uncertainty
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NASDAQ: Why Silver is the New Gold - Opportunity for Sustainable Upside Momentum
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Market Watch: SVB and First Republic Failures are Just the Start of a Lengthy Banking Crisis - if You Believe 800 Years of History
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Markets Insider: Central Banks are Boosting Stockpiles of Gold in Their Reserves Amid a Backlash Against the Dollar
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The Telegraph: Brace Yourselves, the Banking Crisis is Just Getting Started
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Fox Business: Study Finds 186 Banks Vulnerable to SVB-Like Collapse
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The New York Times: First Silicon Valley Bank, Now First Republic. How Worried Should We Be About a Financial Crisis?
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Markets Insider: Nouriel Roubini Says a Hard-landing Recession or Entrenched Inflation are the Only 2 Possible Outcomes as the Fed Battles a 'Trilemma
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Reuters: Yuan overtakes dollar to become most-used currency in China's cross-border transactions
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The Washington Times: U.S. Government Destroying the Dollar's Value Through Inflation
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Market Watch: The Fed Says Don't Worry About U.S. Banks, But it's Unclear Why You Should Believe Them
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Fox News: Biden Administration is Quietly Planning for a Future Where You Don't Own Money
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Markets Insider: Central Banks are Leading a Revolt Against the US Dollar and Shifting to Gold at a Record Pace, Market Expert Says
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Mining.com: Silver Market Fundamentals Strong as it Enters a New Era of Supply Deficits
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Bitcoin.com: Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives
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Investors Observer - The Great Depression is Coming: Elon Musk Tells Tucker Carlson
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Market Insider: Jeremy Grantham Warns US House Prices will Drop, the S&P 500 Could Plunge 52%, and More Banking Problems May Lie Ahead
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Bloomberg News: De-Dollarization Is Happening at a 'Stunning' Pace, Jen Says
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Market Watch: Financial Surveillance in the West is More Like China's Than We Admit, Digital Dollar Concern Reveals
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The Silver Institute: Total Global Silver Demand Posts Record High of 1.24 Billion Ounces in 2022
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Business Insider: Brace for More Banking Shocks with the Fed in a 'Twilight Zone', Fidelity Warns
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Investing.com: Destabilizing Debt Ensures the Crisis Has Just Begun
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Barron's: Gold is Near a Record High - and the Rally Might Not Stop There
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Fox News: Politicians Are Quietly Preparing for a Digital Dollar. It's Not Good for Your Freedom
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American Institute for Economic Research: De-dollarization Has Begun
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CNBC: IMF Cuts GDP Forecasts, Says Global Economy Heading for Weakest Growth Since 1990
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Market Watch: Hedge-fund Billionaire Paul Singer Still Sees Dangerous 'Bubble Securities, Bubble Asset Classes' in Markets
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Markets Insider: Market's Bubble Bust Will Only be Halfway Over When the Fed Starts Cutting Rates - and There Will be Much More Pain Ahead
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CNN Business: Banks Are in Turmoil, But a Bigger Financial Crisis May Be Brewing Elsewhere
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CNN Business: There Are Storm Clouds Ahead for the Economy, JPMorgan Chase CEO Says
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Fox Business: It's Incumbent on the US to Maintain the Reserve Currency Status of the Dollar
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Fox Business: This is What Happens When Government Floods Our Economy with Easy Money
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Forbes - Gold: The Forbidden Cure
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Market Watch: The Commodity Supercycle is Still Young, These Strategists Say. Here's Why
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REUTERS: Gold rallies on dollar retreat as markets grapple with OPEC surprise
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Fox Business: Financial World Legend Sounds Alarm Over 'Biggest Bank That's Going Down'
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Market Watch: Most U.S. Banks are Technically Near Insolvency, and Hundreds are Already Fully Insolvent
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Fortune: A Famous Market Watcher Who Called the Subprime Mortgage Crisis is Warning That Stocks are About to Crash