Grocery Stores Are Prepping for a Second Wave and Holiday Food Shortages
Grocery stores across the United States are stocking up on products to avoid shortages during a second wave of coronavirus.
The article goes on to say that most household items, like paper towels, Clorox wipes continue to be difficult to keep in stock. This is due to people stockpiling the items due to the COVID pandemic. People are cleaning and sanitizing their homes much more often, hoping to keep the virus away. Stores nationwide are stocking up in preparation for not only a second wave of COVID but also for the coming holidays.
But don’t forget to stock up on Corona… the beer we mean… (Continue to full article)
America faces uncertain times
There is much uncertainty in regards to the outcome of the presidential election. Also the current pandemic which continues to see certain countries and parts of the United States spiking looking very much like a second wave of infections. These two factors will certainly continue to be supportive of the safe haven asset class, i.e. gold… (Continue to full article)
6 Months Into the Pandemic, Americans’ Finances Are Hurting
After six month and counting of high unemployment, lost wages, and economic shutdowns as a result of the COVID-19 pandemic, Americans’ emergency savings are in dire straits. Many cities have reopened businesses (with certain precautions), but for many, the damage has already been done.
In September, Clever surveyed 1,500 Americans on their financial statuses and how the pandemic has impacted them. Although joblessness has slowed since March and lockdown restrictions have been partially lifted, the financial picture of most Americans still isn’t looking so bright… (Continue to full article)
No Stimulus, No Problem?
One Bank Sees “No Armageddon” Without A New Stimulus Deal.
The odds of Trump being that president may rise if he refuses to concede to Democrat demands for a giga stimulus, and merely holds firm until after the election… (Continue to full article)
Some HOT Blues…
Why The Fed Bugs Really, Really Hate Gold
For years we’ve been trying to figure out why JPMorgan’s Board of Directors hasn’t sacked its Chairman and CEO, Jamie Dimon, as the bank racked up two felony counts in 2014 for its failure to alert U.S. regulators to glaring red flags in the bank account it held for Bernie Madoff’s Ponzi scheme; one felony count in 2015 for rigging foreign exchange markets; and two more felony counts just last month for rigging the precious metals and U.S. Treasury market. (The bank admitted to all five counts.)
In addition, the bank came under another criminal investigation in 2012 and 2013 when it lost $6 billion of its bank depositors’ money gambling in credit derivatives in London (the London Whale scandal). Turns out Jamie Dimon has been taking very good care of the Directors on his Board and they have been… (Continue to full article)
Why Is The U.S. Mint Increasing Silver Eagle Prices to $67
I explain what’s in store for the gold and silver prices over the next few weeks. Also, we heard a lot of news last week that the U.S. Mint increased the price of its 2020 Silver Eagle to $67. I discuss why the U.S. Mint is increasing the price of the 2020 Silver Eagle and if that is going to impact precious metals investors… (Continue to full article)
NEXT F***ING LEVEL: Silver $35
If indeed, September 28th was the bottom, this would mark a 54-day correction, from the top on August 5th, with a PRICE DROP of 11%, which isn’t A LOT for this kind of move, considering the run-up, leading up to it. Frequently, after all-time highs, gold can RETRACT BY 15% and even by 20%, so there’s a chance this is a FAKE BREAKOUT. But we tend to believe that the anticipation of YET ANOTHER stimulus package is what’s causing the markets to be FORWARD-LOOKING… (Continue to full article)
U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time.
Thus, if demand continues to be strong for Gold and Silver Eagles, we could see higher premiums in the future… But keep your eyes out for the transition to a Cashless Society – Because it IS just around the corner! (Continue to full article)
More than half of all Americans “plan to stockpile food and other essentials” for the chaotic months ahead
There was a time when preppers were relentlessly mocked, but nobody is laughing now. Today, most Americans are thinking about stockpiling food, and this massive shift in our national mindset has been sparked by concern about what is going to happen in the months ahead. Many Americans believe that another wave of the coronavirus pandemic is coming, others believe that our ongoing economic depression will get even deeper, and yet others are convinced that the upcoming election could produce widespread violence. Of course there have always been people that have been deeply alarmed about future events, but we have never seen anything quite like this… (Continue to full article)
[Got physical… close at hand?]
Let’s do something about that…
The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday 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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