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The Precious Metals Week in Review – June 11th, 2021

The Precious Metals Week in Review – June 11th, 2021

1. Despite May’s inflation report exceeding economists’ expectations, the week ended on a high note with a second weekly unemployment insurance report with less than 400,000 claims and a new low. The stream of good news started on Monday when the U.S. the Federal Bureau of Investigation reported it had seized more than half of…

The Precious Metals Week in Review – June 4th, 2021

The Precious Metals Week in Review – June 4th, 2021

1. The week ended on a somewhat positive note with record lows for the weekly unemployment claims report and U.S. daily averages of COVID-19 cases, deaths, and hospitalizations. Nevertheless, May’s job reports in the U.S. and Canada were rather disappointing. Although the U.S. Labor Department’s latest nonfarm payroll report recorded gains of 559,000 posts—lower than…

Inflation: Your Role as a Milk Cow

Inflation: Your Role as a Milk Cow

An article by Jeff Thomas, feature writer for Strategic Wealth Preservation, Doug Casey’s International Man and 321gold.com Traditionally, inflation has been defined as “an increase in the amount of currency in circulation.” Such an increase almost always causes an increase in the cost of goods and services, since, more plentiful currency units lowers their rarity,…