The Politics of Sound Money: What’s at Stake

First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/05/16/the-politics-of-sound-money-whats-at-stake-002529

An occasional critic will ask that we “stick to our lane” and limit commentary to metals and the markets. They would prefer we avoided politics. When it comes to gold and silver, that is easier said than done. There is no separating the metals markets from the world affairs motivating people to buy physical bullion.

The War on Gold Ensures the Dollar’s Downfall

First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/05/12/the-war-on-gold-ensures-the-dollars-downfall-002527

Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102. Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”

Take Advantage When Markets Succumb to Fear

First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/05/09/take-advantage-when-markets-succumb-to-fear-002526

Last Wednesday’s rate hike by the Federal Reserve failed to convince investors that the central bank can tame inflation without wrecking the economy. Subsequent remarks by Jerome Powell insisting that the economy isn’t vulnerable to recession were also unconvincing – especially given the Fed chairman’s lousy forecasting track record (“transitory” inflation has proven to be more like intractable inflation).