Why official numbers may understate the real cost of living
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Gold prices rose Friday but remained on track for a weekly decline of 1-2%, pressured by the Federal Reserve's more hawkish stance on interest rates.
The Fed's latest projections showed fewer rate cuts planned through 2025 than previously expected, with officials now forecasting just two quarter-point cuts instead of the four cuts suggested in September.
While markets digest the Fed's hawkish shift, another source of uncertainty emerges from Washington...
In 1898, two prospectors discovered gold while fishing in which Alaskan town, igniting one of the lesser-known gold rushes of the late 19th century?
Nome
Fairbanks
Skagway
Valdez
Reply with the correct answer and you could win one free ounce of silver! (Some conditions apply, see details below).
US Government Faces Shutdown Over Funding Bill
Another government shutdown looms as House lawmakers rejected a stopgap funding measure Thursday evening, voting 174-235 against the bill despite former President Trump's endorsement. House Republicans now race against a Friday deadline to draft and pass new legislation.
Government shutdowns, once considered politically taboo by both Democrats and Republicans, have evolved into a common legislative weapon in modern Washington.
Adding to the complex economic picture, new inflation data released this week showed mixed signals...
At GoldSilver, we make buying metals simple and secure:
Fed's Preferred Inflation Gauge Shows Mixed Signals in November
The Personal Consumption Expenditures (PCE) price index rose just 0.1% for the month, below expectations, while the annual rate edged up to 2.4% from October's 2.3%, remaining above the Fed's 2% target.
Core PCE inflation, which excludes volatile food and energy prices, held steady at 2.8% year-over-year. While both figures came in below economists' forecasts, they reveal persistent underlying inflation despite aggressive monetary tightening.
The PCE index, however, tells only part of the inflation story. While favored by the Fed for its broader economic scope, including healthcare spending and indirect purchases, it often understates the price pressures consumers experience in their daily lives.
The Consumer Price Index (CPI), which focuses on out-of-pocket expenses, typically runs 0.3 to 0.4 percentage points above PCE for core measures, better reflecting costs faced by many Americans.
Despite November's modest monthly increase, Fed officials remain cautious about declaring victory over inflation, projecting price pressures could persist above target well into 2025.
Looking ahead to the precious metals market in the coming year...
Saxo Bank Predicts Silver Will Outshine Gold in 2025
Saxo Bank's latest report highlights silver's potential to outperform gold in the coming year, citing the metal's unique position in both precious and industrial markets.
The analysis points to silver's strong performance in 2024, driven by surging demand from renewable energy and electronics sectors, combined with persistent supply deficits.
While silver has largely tracked gold's movements due to macroeconomic uncertainties, Saxo Bank suggests that growing industrial applications could push silver prices even higher relative to gold in 2025.
With persistent inflation, political uncertainty, and promising forecasts for precious metals, now may be the perfect time to strengthen your portfolio.
GoldSilver makes investing in precious metals as seamless as buying stocks online – you can open an account in minutes and start protecting your purchasing power today.
Congratulations to last week’s trivia winner Mike P. who correctly identified that Salmon P. Chase is on the $10,000 bill.
The $10,000 bill, first issued in 1918, features Salmon P. Chase, who served as Secretary of the Treasury under President Abraham Lincoln from 1861 to 1864. Despite never being president, Chase's contributions to American financial history, including his efforts to establish a national currency, earned him a place on this rare and valuable banknote. The $10,000 bill continued to be printed until 1945 and remained in circulation until 1969.
Now, back to this week’s question... In 1898, two prospectors discovered gold while fishing in which Alaskan town, igniting one of the lesser-known gold rushes of the late 19th century?
Nome
Fairbanks
Skagway
Valdez
Think you know the correct answer?
Reply to this email with your guess. All readers who respond with the correct answer will be entered into a pool, from which one first-time winner will be randomly selected. The lucky winner will receive 1 oz. of silver added to their InstaVault account. This offer is our way of rewarding our attentive readers and introducing you to the benefits of secure precious metals storage with GoldSilver.
To participate, simply reply to this email with your answer. If you're selected as the winner, we'll contact you about setting up your InstaVault account. Once your account is open and active, we'll add 1 oz. InstaVault silver to your holdings. Good luck!
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