Over the past ten years, a number of U.S. states that didn’t already exempt gold and silver bullion from sales tax are coming to their senses.
When it comes to using new designs on American coins, the United States Mint is known for having a conservative approach. The evidence is obvious: Most U.S. coin designs don’t change with any frequency. The Roosevelt dime, for instance, has remained unchanged since it first appeared in 1946. The Jefferson nickel (1938) and Washington quarter […]
No matter how much central banks and politicians would like us to forget, the long track record of gold and silver as honest money in unmatched by any fiat currency. Let me emphasize: any fiat currency ever. In all of human history!
One of the most contentious laws no matter who you ask across the political spectrum is the practice of civil asset forfeiture. This occurs when, even if a citizen hasn’t committed a crime but is merely suspected of one, the authorities can seize any assets from the (potential) defendant and hold it indefinitely.
Last week, two out of three open seats on Federal Reserve Board were finally filled by President Trump. Two of these openings have been empty for roughly three years.
More than anything else, the best way to characterize the global markets this year is a persistent relative calm with only intermittent “hiccups.” These hiccups repeatedly seem like the first salvos of a correction, yet have just as reliably turned out to be merely transient (as the Fed is fond of saying of various risks). […]
There is a problem that has been hanging over the American coinage system like a dark pall for about the past decade. With each passing year, the scale of the problem grows worse, but philosophical traditions and interest groups have made resolving the issue a challenge for Congress. Now, two pieces of legislation aim to […]
With each passing month, the momentum in favor of reviving the use of gold and silver as money seems to build. An idea that has largely been panned as an untenable, fringe position when espoused by former U.S. Representative and presidential candidate Ron Paul is now being enacted by one state legislature after another.
Does the “Washington Consensus” on big finance still exist under the Trump administration?
In tracking major trends in the global gold trade (i.e. large-volume sales), there are two (sometimes related) factors that tend to provide the clearest macro picture: central bank net purchases and raw domestic import number for various countries.
The victory of the Liberal Party in last Wednesday’s parliamentary election in the Netherlands led to elation, if not jubilation, among establishment politicians throughout the European Union. The far-right Freedom Party (PVV), led by the incendiary Geert Wilders, did not gain as many votes as pollsters predicted, but still managed to gain five seats to […]
President Donald Trump has promised, both while on the campaign trail and since he’s been in office, to aggressively pursue tax reform. This has been a key GOP priority for decades: the last major tax reform undertaken by Congress came under the Reagan administration in 1986. However, the squabble over how the tax code ought […]
Traditionally, since at least the Great Depression, the U.S. government has consistently discouraged (at times, outright prohibiting) its citizens from owning gold. There are a number of reasons for this.
One of the most sensitive secrets protected by the Washington establishment—more so than its surveillance programs, its nuclear arsenal, or even Area 51—is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky.
There has always been a class of contrarian investors who boldly believe that the economic data published by government agencies, such as the much-maligned Bureau of Labor Statistics (BLS), is faulty. Whether this inaccuracy is through incompetence or conscious design is up to interpretation. Even though the Trump administration has wasted no time in shaking […]
Inflation is picking up. The U.S. economy is gradually improving. The stock markets are at all-time highs. Official unemployment numbers are as low as they have been in decades. In sum, the case for the Federal Reserve to accelerate the glacial pace of its path toward interest-rate normalization is growing stronger. Yet that is hardly […]
One of the rallying cries for the successful underdog presidential campaign of Donald J. Trump was that voters needed to “Drain the Swamp” of Washington, D.C. Unfortunately, it seems a few crocodiles have still crept into the incoming Trump administration.
Following the historic election of Donald J. Trump as the 45th president of the United States, would you expect to see “The Donald” appear on a coin? Bernard von Nothaus, the notorious creator of the “Liberty Dollar®,” is way ahead of you!
Donald Trump’s victory in the US Presidential election has been the greatest global disruption of the year, far surpassing the Brexit vote in the UK. The general consensus is that he is committed to the largest deficit spending campaign in decades, which has thrown markets into a massive realignment. Two markets that will be the […]
After more than a year of tireless campaigning and unprecedented invective, this election cycle has finally come to a close. While many voters are relieved to have the vitriol and controversy behind them, the financial markets have not taken kindly to the lack of clarity that a transition to a Trump administration in the White […]