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4.18.19 - Trump Fed Picks Favor Gold Standard

Gold last traded at $1,276 an ounce. Silver at $14.95 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Thursday despite a stronger dollar. U.S. stocks traded mixed as 'Medicare for All' proposals resulted in steep health-care sector losses for a third straight day.

 

 

 

Fed Pays Banks 2.4%, Depositors Get 0.1%

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Federal ReserveWhy Is the Fed Paying So Much Interest to Banks? -Brown/TruthDig
"'If you invest your tuppence wisely in the bank, safe and sound, Soon that tuppence safely invested in the bank will compound, And you’ll achieve that sense of conquest as your affluence expands, In the hands of the directors who invest as propriety demands.' - 'Mary Poppins,' 1964 - When 'Mary Poppins' was made into a movie in 1964, Mr. Banks' advice to his son was sound.

Fed Was Technically Insolvent Last Year

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EyeCryThe Fed Was Technically Insolvent Last Year. Why Didn’t Anyone Care? -Grant/Barrons
"In finance today, comfort trumps propriety. As necks are tieless, so are earnings 'adjusted.' As shirts are untucked, so are balance sheets encumbered. In the 21st century way of doing business, freedom of action is the beau ideal. Neither clothing nor rules should constrain it. Has anyone noticed that the Federal Reserve is solvent again?

Hazlitt's Long-Term Economic Thinking

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Henry Hazlitt's Long-Term Economic Thinking -American Spectator
473px Hazlitt photo"Henry Hazlitt is considered to be one of the best financial journalists of the 20th century. 'He was a giant in financial journalism,' as Jim Grant pointed out in his 2014 Mises Institute lecture entitled 'Hazlitt, My Hero.' Aside from his journalism,

Gold Quotes Every Investor Should Know

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25819940657 d50d57a488 zGold Quotes Every Precious Metals Investor Should Know -Daily Reckoning
"Gold is the everyman’s way to save. It holds its value over the long term. As such, it’s a hedge against the ever-falling value of the dollar. Within the hallowed pages of the DR, gold is the once and future money. As an homage to the yellow metal, we present you with quotes worth their weight in gold.

2019: Gold Demand to Hit 4-Year High

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www.maxpixel.net Gold Design Ounce Sticker 2588581Global gold demand will rise to four-year high in 2019 -Reuters
"Global demand for gold in 2019 will rise to the highest in four years as higher consumption by jewelers offsets a fall in purchases by central banks, an industry report said on Monday. The world will consume 4,370 tonnes of gold this year, the most since 2015 and up slightly from 4,364 tonnes in 2018,