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Presenting The iPhone/Gold Ratio 2023: Incrementum
Postet: 26.09.2023
Comparing gold only to fiat currencies can only capture its properties so far. This is why we are comparing it to the iPhone. In the realm of tech and economics, the iPhone 15 Pro costs 0.78 oz. of gold, a notable drop from the iPhone 14 Pro's 0.87 oz. and the first iPhone's 0.92 oz. in 2007. For gold investors, it means a cheaper iPhone in gold terms, even though its USD price has increased by 150% since 2007, averaging a 5.9% yearly inflation rate. This highlights the interesting relationship between technology, economics, and gold.
Entering the Next Phase of the Commodities Supercycle
Postet: 26.09.2023
Since 1791, there have been six significant Commodities Supercycles, each spanning 12 to 24 years. We're currently navigating the seventh, which started in March 2020. The previous cycle from 1999 to 2011 witnessed remarkable price escalations: oil jumped from $10 to $150 a barrel, copper rose from 60 cents to $4.60 a pound, gold leaped from $250 to $1921 an ounce, and corn surged from $2 to $8 a bushel. The current trends closely mirror those of the past.
BRICS Nations Dump $123 Billion in U.S. Treasuries in 2023
Postet: 26.09.2023
BRICS nations are aggressively divesting from U.S. Treasury bonds in a move against the U.S. economic policies. They dumped $18.9 billion just this month, totaling a staggering $122.7 billion in 2023. China, leading the trend, offloaded $117.4 billion of U.S. debt this year. Other members like Brazil and India have also reduced their holdings, with India even abandoning the U.S. dollar in forex markets. The collective action aims to undermine the U.S. dollar's dominance in favor of local currencies.
Fiat Paper Currency And The Damage Done
Postet: 26.09.2023
The decades-long fiat paper money system has led to global economic instability. Central banks' manipulation of interest rates since 1981 has caused surging debts, devaluation of savings, and promoted speculation over hard work. This has also fueled wars and birthed unsustainable businesses, while exacerbating societal wealth disparities and inflating prices. Gold offers a potential solution as a stable, resistant alternative to such manipulation.
Growing American Anxiety: September's Consumer Confidence Drop
Postet: 26.09.2023
American consumer confidence took a concerning hit this month, more than analysts anticipated, suggesting gloomier economic prospects ahead. The Conference Board highlighted a sharp decline in consumers' outlook for the future, often an early warning of an impending recession. Factors like escalating interest rates and dimming job prospects have raised concerns. Moreover, notable retailers like Target are already feeling the pinch, with sales dwindling for the first time in six years.
Because it Doesn't Know What Else To Do - The Fed Holds the Fed Funds Rate Steady
Postet: 26.09.2023
Reading between the lines reveals the Fed's desperate wish for inflation to subside to a politically palatable level without further rate hikes or a looming recession. Yet, their strategy seems rooted in mere "hope" rather than clear foresight. The FOMC members' hesitancy to forecast rate reductions before the end of 2024 speaks volumes, hinting at their underlying concerns about persistent, politically perilous inflation. It's striking, given the FOMC's typical aversion to hinting at further tightening.
US New Home Sales Crashed -8.7% MoM In August As Mortgage Rates Surge
Postet: 26.09.2023
August witnessed a drastic 8.7% MoM drop in new home sales, the steepest since September 2022. With the median sales price of new homes slightly declining to $430,300, it's still alarmingly higher than pre-pandemic rates. A Redfin report revealed a worrying trend: about 60,000 home deals, or 16% of homes under contract, fell through. Veteran agents report unprecedented deal cancellations. As homebuilders struggle to bridge mortgage rate gaps, and investors grow wary, the housing market's stability is under serious threat.
Regulators on Edge as Debt-Fueled Bet on US Treasuries Intensifies
Postet: 26.09.2023
A year ago, the UK bond market saw upheaval. Now, there's growing unease over the $25tn US government bond market. The Bank for International Settlements and the US Federal Reserve are alarmed by increased hedge fund bets, especially the high-leverage basis trade. With leveraged positions nearing $900bn, any disruption to the US Treasury market could have global repercussions. Past interventions by the Federal Reserve might be fueling these risky bets, raising concerns among regulators.
CBDC's, It’s Not Coming - t’s Already Here: Rickards
Postet: 26.09.2023
The push for a cashless society is growing, backed by digital payment conveniences. However, there's a risk of losing control and privacy. Central bank digital currencies (CBDCs) amplify these concerns by granting governments direct oversight of transactions. Citibank's "Citi Token Services (CTS)" mirrors these CBDC features, signaling an accelerated move towards this model. Protecting oneself involves diversifying assets, like holding physical gold and silver.
The Meltdown of the World’s Biggest Crypto Firm
Postet: 26.09.2023
Binance, once the dominant force in the crypto world after FTX's crash, is now facing challenges. U.S. agencies' enforcement threats have led to over a dozen senior executives departing and the layoff of 1,500 employees. Binance's market share has decreased from 70% to 50% this year. With the SEC suing both Binance and Coinbase, there are concerns about the future of the crypto industry. If Binance collapses, it could cause a short-term market liquidity crisis, potentially driving crypto prices down significantly. Some traders are even preparing for a potential Binance meltdown.