Jun 6, 2025
Recently, an article titled "No longer making cents" ran in the Houston Chronicle that lacked some extremely important context. The same article ran in the Beaumont Enterprise and a similar article in the Wall Street Journal.Most notably, all articles lacked transparency...
May 30, 2025
How times have changed. Back in August 2011, when the accumulated U.S. federal debt was under $15 trillion and Congress was debating how high to raise the debt ceiling, Standard & Poor's cut their rating on U.S. Treasury debt a notch, from their highest rating (AAA) to AA,...
Feb 11, 2025
The end of the one-cent coin looks to be approaching a reality in the United States now that President Donald Trump has announced he is moving forward with the plan to end the "penny" due to its increasing cost burden on taxpayers.
Oct 25, 2024
Now that gold is over $2,700 and silver is nearing $35, the London Bullion Market Association just finished its annual mid-October conference, this time held in Miami, and they are much more bullish in their annual poll.
Sep 27, 2024
At 2:00 pm (Eastern time) Wednesday, September 18th, the Federal Reserve's Open Market Committee (FOMC) made a somewhat surprising decision to cut their key Fed funds rate by 50-basis-points (0.50%). Most observers expected a 0.25% cut.
Sep 26, 2024
Gold topped $2,600, in part, because of the Federal Reserve interest rate cut on Wednesday, September 18. It bounced around $2,600 before holding about $2,600 on Friday.
Mar 29, 2024
Before 2022, central banks had never bought more than 650 metric tons of gold in any single year but that changed in 2022. Central banks responded to the start of the war in Ukraine in February 2022 and soaring inflation, combined with weaker currency values around the...
Feb 27, 2024
The non-partisan Congressional Budget Office (CBO) just came out with a 10-year projection based on current policies, called "The Budget and Economic Outlook, 2024-2034." Their deficit picture calls for a slight reduction in red ink this year, even though the real...