Good Reads
The Penny Dies at 232
The American penny died on Wednesday in Philadelphia. It was 232. The cause was irrelevance and expensiveness, the Treasury Department said. Nothing could be bought any more with a penny, not even penny candy. Moreover, the cost to mint the penny had risen to more than 3 cents, a financial absurdity that doomed the coin. Read on »
Are Stablecoins About to Displace Bonds, Gold?
Its not a stretch. If you’re wondering why the US has embraced stablecoins so thoroughly all of a sudden, you need only look at the wobbly confidence in US Treasuries that is the underlying main catalyst driving the price of gold for the last two years. Read on »
Gold falls 1% as broad market sell-off follows US government reopening
Gold prices fell 1% on Thursday, pulling back from a three-week high earlier in the session amid a broad market sell-off following the reopening of the U.S. government. Spot gold lost 1.1% to $4,151.86 per ounce as of 02:16 p.m. EST (1916 GMT). Elsewhere, spot silver fell 2.3% to $52.18 after rising to its highest level since October 17 earlier in the session. Read on »
Community News
Tether Hires Away HSBC's Top Gold Traders Link>>
A New Oil Price War Is Now Underway Link>>
'Bankers Know Gold Is Their Money Of Last Resort'; Morgan Warns End Of American Empire Looms Link>>
Kinross Earnings: Enjoying Strong Gold Prices, but Margins and Earnings to Fall Along With Prices Link>>
What If You Had Bought Gold or Silver With Your Pandemic Stimulus? Link>>