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  In comments to the US Senate, Federal Reserve Chairman Jerome Powell admitted inflation is running higher than they expected and that how to react to that is a "challenge". His comments are reported in  this article on Kitco . Below is a couple of excerpts from the article and then a bullet point list of his key comments. ---------------------------------------------------------------------------------------------------------------------- "We don't have another example of the last time we reopened a $20-trillion economy with lots of fiscal and monetary support," Powell said. "The challenge we are confronting is how to react to this inflation, which is larger than we expected. To the extent it is temporary, it wouldn't be appropriate to react to it. But to the extent it gets longer and longer, we" have to continue to revaluate the risks that would affect inflation expectations, and that is what we are monitoring." . . . . .  Debt was another ...

                        Silver Ore Getting More Expensive to Mine                                    In this new analysis from JP Morgan on global silver supply trends , they confirm that mines supplying the world with silver will face several challenges going forward to stem the recent trend of decreasing mine supply. This lines up with comments often heard from mining CEO's when questioned on this topic. The bottom line is that while there are adequate silver reserves out there to be mined, many factors are combining to make it more expensive to extract them for global supply. Obviously, that would suggest it will take higher silver prices (as well as strong lead, zinc, copper , and gold prices) to create incentive for miners to risk the new capital constantly required to replace existing reserves as they are mined (silver is often a by...

Pawn shops have traded in gold and silver for a long time. Perhaps the most famous pawn shop around is the one featured on The History Channel series titled Pawn Stars . In the interview below ( on Kitco ), Rick Harrison of Pawn Stars talks about gold and silver and predicts they will see higher prices. He also explains how hard it is for him to find physical silver. Home    About Us    Gold&Silver Market info      Metals News      Coin Info      One Gold Info