CEF News and Press, Sprott Physical Gold and Silver Trust Units From 06/28/21

The week of June 14 was gold's worst week since the March 2020 crash. It happened because the Fed hiked rates and sucked $235B out of the banking system overnight. Specifically, it hiked the reverse repo rate from 0 to 0.05%, sucking money out of the banks and back to the Fed because ...

One risk on investors’ minds hasn’t been much of a factor in nearly a decade: inflation. By the end of 2020, despite real assets regaining some ground, the return deficit was –6.8%. Actually, when evaluated on multiple dimensions—inflation sensitivity, ...

April CPI came in at 4.16%, and May CPI hit an eye-popping 4.99%, both higher than the consensus expectations. But, rather than being broad-based, consumer inflation appears to be concentrated in just a few specific items. When examining these specific items that have experienced ...

Gold and silver have both been rising in the short term, boosting CEF's price above the $20/share mark. Heading into 2021, I advocated buying gold on weakness. That strategy has worked well, and I continue to view it as an equity hedge. Silver also has some bullishness. Inflation ...

Since offshoring contributed to the long-term disinflationary trend, it would seem to make sense that reshoring would contribute to an inflationary trend. The "reshoring will lead to higher inflation" argument revolves around differences in labor costs, which are much higher in the US...

One factor behind the long disinflationary trend since the early 1990s has been offshoring of manufacturing, especially to China. Thus, it would seem to make sense that reshoring would produce an inflationary trend. This line of thinking is flawed for multiple reasons. In this art...

As the U.S. birth rate fell to a new low in 2020, it appears that COVID-19 and associated economic weakness/uncertainty has accelerated a preexisting trend of falling American fertility. If 2008-level fertility rates had persisted through 2020, 5.8 million more babies would have been ...

Many people are thinking that last Friday's employment report points to a more accommodative Fed. Perhaps, but only if you think very short term. Many people are thinking that a more accommodative Fed is good news for growth stocks. Sure, but only if you think very short term. ...

We bought miners aggressively on the dip. Inflation is surging while the Fed has its hands tied. Negative real interest rates will be here for the foreseeable future. For further details see: We Are Still Buying Miners Hand Over Fist

Austrian Economist FA Hayek said his one discovery in economics was the idea that the price system is essential as a guide to enable people to fit into an order. His teacher Ludwig von Mises traced the origin of prices back to the monetary nexus point when gold and silver evolved orga...