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Pension Funds Start Looking to Gold to Avert Disaster

Pension Funds Start Looking to Gold to Avert Disaster
By Stefan Gleason, Money Metals Exchange Public and private pension plans face a dual crisis. The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red. Some are in better shape financially than others. But all pension plans will have to... Read More

Fed Chairman Powell Is Vowing to Wreck the Currency

Fed Chairman Powell Is Vowing to Wreck the Currency
By Mike Gleason, Money Metals Exchange As the Federal Reserve embarks on a new campaign to raise inflation rates, markets may be in for a change in character.  On Wednesday, Fed Chairman Jerome Powell announced that the central bank would be targeting an inflation “average” of 2%. By the Fed’s measures, inflation has been running below 2% in recent years.... Read More

Has the Fed Let the Inflation Genie Out of the Bottle?

Has the Fed Let the Inflation Genie Out of the Bottle?
By Stefan Gleason, Money Metals Exchange The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note’s value and status. With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major fiat currencies. Gold is,... Read More

Crisis Exposes Devastating Consequences of Fed Policy

Crisis Exposes Devastating Consequences of Fed Policy
Crisis Exposes Devastating Consequences of Fed Policy: Americans Have No Savings Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. And last week, on March 27, Trump signed a stimulus... Read More