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Tag Archives: economy
Going out on a limb
Just the other day I was reading a story in which the housing market has apparently rebounded so well that the administration is going out on a limb, pushing banks to overlook weaker credit ratings in granting mortgages to prospective homebuyers: The … Continue reading
Posted in News
Tagged economy, fairfax county virginia, home prices, mortgages, national debt, Washington DC, washington dc area
3 Comments
Rethinking the mattress
Maybe putting your money under the mattress isn’t such a bad idea after all: Bank depositors in Cyprus learned today of a planned heist on their funds. It was a well organized one that will take 6.75% of all small … Continue reading
Posted in News
Tagged cyprus, david beckworth, economy, European Union, fdic, gold, government, International Monetary Fund, Politics
Curiouser and curiouser
Here’s an interesting tidbit about curious happenings in the gold and silver markets, from a recent interview of investment analyst Eric Sprott by Toronto’s The Gold Report: Eric Sprott: This will sound like a conspiracy theory, but unusual things are happening … Continue reading
Posted in News
Tagged economy, gold, gold prices, quantitative easing
Crisis du jour
“When in danger, when in doubt, run in circles, scream and shout” – Herman Wouk, The Caine Mutiny A pretty good description of almost everything you hear out of Washington DC, but we get more than one crisis du jour these … Continue reading
Posted in Guns, News
Tagged ammo shortage, business, economy, federal spending, gun control, income tax, Politics, quantitative easing, sequestration, Washington DC
1 Comment
In business down in the tropics
Last week I saw an article in MineWeb, “The end of gold cash costs as we know them?”, which noted recent calls for an “all-in sustaining cash cost” measure that “…more fully defines the total costs associated with producing gold. … Continue reading
Posted in News
Tagged economy, gold, gold exploration, gold mining, gold prices, gold production, gold supply, Law of the Sea
Coin Collectors Gone Wild
Good grief, have coin collectors gone wild?! I participated in this auction last week, but the lot I bid on certainly didn’t get this much attention! Australian sovereign smashes several records Rare 1920-S gold coin realizes $1.26 million in sale The Australian … Continue reading
Twist and Shout
As anticipated, the Fed today announced plans to burn $40 billion a month, with no end in sight: The Fed said it will buy $40 billion of mortgage-backed securities per month in an attempt to foster a nascent recovery in the … Continue reading
Posted in News
Tagged economy, gold, gold prices, quantitative easing
Got Gold?
Just the hint that the Fed might start a third round of quantitative easing (QE3) after Friday’s release of weak US unemployment numbers sent gold prices up $40 in as many minutes: Commodities rose broadly on Friday as the dollar … Continue reading
Posted in News
Tagged economy, gold, gold prices, quantitative easing, u s global investors
