Silver price beaten down but investors can’t find any, so what’s going on?
Because there is no physical metal in the market right now, both the U.S. Mint and the Canadian Mint are on allocation with some products anywhere from four to six weeks out, at a minimu, we’re looking at a situation where there isn’t enough physical offtake to offset the selling of the ETFs and the futures, because there’s no physical product left to buy… (Continue to full article)
Trump Pushes $1.2 Trillion Stimulus, $1,000 Checks in Two Weeks
The Trump administration is discussing a plan that could amount to as much as $1.2 trillion in spending — including direct payments of $1,000 or more to Americans within two weeks — to blunt some of the economic impact of the widening coronavirus outbreak.
The idea of issuing checks to Americans has been endorsed by lawmakers across the ideological spectrum. But it may not be practical to get money to Americans as fast as Trump desires. When Congress sent stimulus checks in 2009 to combat the financial crisis it took more than two months from the signing of the bill to checks hitting the mail… (Continue to full article)
Gold, silver prices lower as panicked markets quickly return
Gold and silver prices are trading moderately down in early U.S. trading Wednesday, amid a frightened marketplace as global commerce shuts down and serious world economic recession looms. The safe-haven metals cannot get a bid in early trading as spooked buyers in most markets step back amid the extreme uncertainty of the situation. April gold futures were last down $9.40 an ounce at $1,516.50. May Comex silver prices were last down $0.125 at $12.37 an ounce (Continue to full article)
The Coronavirus Collapse Is Here: Get Ready For The U.S. Unemployment Rate To Hit 20 Percent (Or Higher)
As communities all over America shut down in order to help prevent the spread of the coronavirus, job losses are already starting to rise to extremely alarming levels. As you will see below, almost one out of every five households in the U.S. has already experienced “a layoff or a reduction in work hours” because of this pandemic. Unfortunately, many experts are now anticipating that we could see one of the most dramatic spikes in the unemployment rate in American history in the months ahead. In fact, it is being reported that Treasury Secretary Steven Mnuchin just told members of Congress that this crisis could actually push our unemployment rate up to 20 percent… (Continue to full article)
Things Have Changed
At least in wartime, the bars stay open. That’s how you know this is a different thing altogether from whatever else you’ve seen in your lifetime. Even those of us who signed up for this trip — that is, who expected a long emergency — may be a little bit in cosmic awe at just how much shit is flying into the ol’ fan. I know I am. The gods must have glugged down a mighty draft of Dulcolax… (Continue to full article)
Get ready for $20 oil & gold will rise again, economist predicts
There is no way the global economy can avoid a recession. Demand will come to a halt because the economy is now in a shutdown.
All the related industries will be impacted and a lot of companies could really be out of business,” he said. The industries will get hit and shut down, “the global demand will go further down because people will be laid off and there will be no capacity [for] demand for goods… (Continue to full article)
[Got physical… close at hand?]
Let’s do something about that…
Protecting Your Wealth is heard at 3:00 p.m. (Eastern Time), each Tuesday and Thursday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.
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