Alasdair Macleod - Twitter, Released on 3/19/22We're used to cheap reliable energy, the product of capitalism. Now we see energy prices soaring due solely to governments debasing currency, shutting down oil coal and gas and sanctioning Russia. When will people learn the problem is governments?- Alasdair Macleod (@MacleodFinance) March 19, 2022 Alasdair Macleod: When will people learn the problem i...Read More
Zero Hedge, Released on 3/19/22"I suspect you can't get above 2.5 to 3 per cent before you crack the economy again," he said. "We've just gotten used to lower and lower rates and anything much higher will break the housing market."Continue... Bill Gross Warns Fed Rate Hikes Will "Crack" US Economy And Housing Market added by Herman James on 03/20/2022View all posts by Herman James ?+'Read More
Daily Mail, Released on 3/20/22Bloomberg has some mind-numbing advice for Americans earning less than $300,000: eat less meat and cut back on chemotherapy for pets to beat spiraling inflation. Continue... Bloomberg advices Americans earning less than $300,000 to stop driving, eat lentils, and let their pets die of cancer! added by Herman James on 03/20/2022View all posts by Herman James ?+'Read More
The Washington Post (via Stars and Stripes), Released on 3/19/22Last year Khalid Payenda was Afghanistan's finance minister, overseeing a $6 billion budget - the lifeblood of a government trying to survive a war that had long been at the center of U.S. foreign policy.Continue... Afghanistan's last finance minister is now a DC Uber driver added by Herman James on 03/20/2022View all posts by Herman...Read More
Candace Owens - Twitter, Released on 3/17/22For 2 years the media convinced you to fight an "invisible war" against Covid by handing the government trillions that will never be accounted for. Now it's a war in Ukraine which you must give them trillions more for.The money laundering will never stop until we say no.- Candace Owens (@RealCandaceO) March 17, 2022 Candace Owens: The money laundering wi...Read More
Wall Street Silver - Twitter, Released on 3/20/22German kids flying a kite made of worthless currency during hyperinflation. 1923 pic.twitter.com/brBGeZqZRH- Wall Street Silver (@WallStreetSilv) March 20, 2022 PHOTO: German kids flying a kite made of worthless currency during hyperinflation added by Herman James on 03/20/2022View all posts by Herman James ?+'Read More
Sovereign Man (via Dollar Collapse), Released on 3/20/22This trend is a massive reversal from decades of cheap foreign production that kept prices low. But it only scratches the surface of why inflation will likely persist for years to come.Continue... Simon Black: Why Prices Will Stay High For Years added by Herman James on 03/20/2022View all posts by Herman James ?+'Read More
RAPAPORT... Revenue at US jewelry retailer Brilliant Earth beat the company's expectations in the fourth quarter, reflecting success in attracting younger customers, it reported.Net sales rose 38% year on year to $121.9 million for the period, while net profit slipped 15% to $11.4 million, the company said last week. Full-year sales jumped 51% to $380.2 million, with profit up 22% at $26.3 mi...Read More
RAPAPORT... Signet Jewelers has told suppliers it will no longer buy metals and diamonds of Russian origin.Purchasing precious stones, silver, gold, and platinum from sanctioned companies or people is "likely to contribute to the ongoing human-rights abuses and conflict in Ukraine," the US retailer said last Wednesday in a letter to vendors, seen by Rapaport News.The request to stop providing...Read More
RAPAPORT... De Beers has revealed the newest member of its underwater mining fleet: a $420 million ship that is set to add 500,000 carats of high-value diamonds to its annual production from Debmarine Namibia.The custom-built vessel, called the Benguela Gem, will begin diamond-recovery operations this week, De Beers said Friday. Paid for by De Beers and the Namibian government - the miner's 50:50...Read More
RAPAPORT... An 8.82-carat, fancy-intense-purple-pink diamond ring with a high estimate of $6 million is set to headline the New York auction at Christie's next month.The pear modified brilliant-cut, VVS1-clarity diamond, called The Fuchsia Rose, has the potential to be internally flawless, Christie's said last week. The auction house will offer the stone at its Magnificent Jewels sale on April 13,...Read More
RAPAPORT... Gem Diamonds' revenue and earnings jumped last year as the sector bounced back from the Covid-19 downturn.Sales rose 6.5% to $201.9 million, the owner of the Let??eng mine in Lesotho said Thursday. Net profit attributable to shareholders increased 9% to $14.8 million.Prices have climbed steadily since the second half of 2020 as market sentiment improved and supply declined. They a...Read More
(IDEX Online) - Sanctions may have a limited impact on the overall supply and demand of diamonds, says Stephen Lussier, chairman of the Natural Diamond Council (NDC), and outgoing executive vice president for brands and consumer markets at De Beers Group."There are a lot of markets that aren't going to follow the EU and US lead [on sanctions] and some consumers aren't going to be influen...Read More
(IDEX Online) - Signet has announced a boycott of diamonds and precious metals from Russia.The move came as it announced a steep hike in revenue for the last quarter, with total sales of $2.8bn, largely driven by a post-Covid wedding surge.The world's largest retailer of diamond jewelry - parent company to Kay Jewelers, Zales, Jared, Direct, JamesAllen.com and others - now accounts for 9.3 pe...Read More
Agricultural powerhouse Brazil is nervously watching the impact of Russia's war on Ukraine, uncertain whether the upside -- an expected boost to Brazil's corn exports -- will outweigh the hit to its crucial fertilizer imports.Read full newsRead More
Picture this: A new restaurant recently opened in your neighborhood.The new restaurant publishes an advertisement in a local newspaper promising fresh turtle soup.The ad says the owner has just received a fresh supply of green sea turtles.And he will be killing one of these sea turtles every day to make into a soup - which he will have ready for you to purchase by 11:00 a.m.Of course this would be...Read More
Share this article VANCOUVER - Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] has announced details of a framework deal that sets the stage for development of the Reko Diq project in Pakistan.The project, which was suspended in 2011 due to a dispute over the legality of the licensing process, hosts one of the world's largest undeveloped open pit copper-gold porphyry deposits. Published reports stay it i...Read More
We spoke with Tracy A. Moore, CEO and Director of Canada Rare Earth Corp. (TSX.V: LL). Canada Rare Earth Corp. is developing an integrated business, within the global rare earth industry. Its key focus is to generate revenues and positive cash flow, from a variety of profit centers, in the rare earth production and sales chain, by sourcing, adding value and selling rare earths, in all stages and f...Read More
Believe it or not, one of the most important pieces of modern technology isn't all that new. The tech world is full of examples like this. Inventing a new device from the comfort of a laboratory is one thing, but it often takes years before that same tech finds its way to commercial success. Does this image look familiar? Unless you're a high-level tech geek, I wouldn't expect you to get it rig...Read More
Gold Silver (w/ Mike Maloney), Released on 3/21/22Join Mike Maloney as he takes another broad look at the most serious event the world has faced for some time. Will we choose a path of enlightenment, or is this the beginning of a very dark time for humanity?Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that 'Like' button. For...Read More