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Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’

Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Gold Production Struggles Despite 2024 Q1 Surge

Gold Production Struggles Despite 2024 Q1 SurgeThe gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine production rose by only 0.5%, following 1.35% in 2022 and 2.7% in 2021, with a decline of […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Economist Peter Schiff Says Gold Price Not Rising Fast Enough, Condemns Civil Ruling Against Donald Trump

Economist Peter Schiff Says Gold Price Not Rising Fast Enough, Condemns Civil Ruling Against Donald TrumpPeter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would have been even higher if the U.S. Federal Reserve had not increased interest rates. The economist also […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

TD Securities Analyst Says Gold Sell-off May Not Be Over — Carry and Opportunity Cost Could ‘Drive Capital Away’

TD Securities Analyst Says Gold Sell-off May Not Be Over — Carry and Opportunity Cost Could ‘Drive Capital Away’Precious metals markets continue to flounder this week as gold’s value per troy ounce has slid by 6.53% in value against the U.S. dollar during the last month, while silver has shed 2.34% in 30 days. Amid the raging inflation worldwide and the hawkish central banks, gold and silver prices have struggled in 2022 and […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations

Report: Sudan Rejects Russian Illicit Gold Smuggling AllegationsSudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in fact looking to revive its economy through gold mining. The Rise in Russia’s Gold Holdings The Sudanese Ambassador to Russia Onor Ahmed Onor recently dismissed […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme

SEC Charges Australian ‘Man Behind the Machine’ in M Crypto Fraud SchemeThe U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin MiningWhen billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact, before Musk waded into this debate, many opponents […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake