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Precious Metals

“The World Is On The Verge of A Significant Silver Supply Shortage”

“EDITOR’S NOTE: According to the silver institute, last year’s silver market already saw a multi-year shortage in supply and production. With industrial and retail demand estimated to increase by a record 18% from last year, the current silver deficit is expected to jump by 400%. We’re… Continue Reading…

Business

“Ford’s first quarter sales fell 17% as the automaker battled a chip shortage”

“Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide last month, as the automaker continues to battle a global shortage of semiconductor chips. The automaker on Monday reported first quarter sales of 432,132… Continue Reading…

Economy

“570K chickens to be destroyed in Nebraska fight against bird flu”

“The Nebraska Department of Agriculture (NDA) announced on Tuesday that it has confirmed a case of the highly contagious bird flu in a commercial flock of 570,000 broiler chickens and that the birds will be “humanely depopulated and disposed of.” NDA, in conjunction with… Continue Reading…

Economy

“Food crisis grows as spiraling prices spark export bans”

“…The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertiliser exports, sending basic commodity prices rocketing and mirroring the crisis in energy markets… Palm oil prices have risen by more than 50% this year….… Continue Reading…

Business

“Renault expects to make 300,000 fewer cars in 2022 as global chip shortage rumbles on”

“Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer cars last year as a result of… Continue Reading…

Economy, Uncategorized

Worker Shortage Hits Military “Army ups bonuses for recruits to $50K…”

“The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years, The Associated Press has learned, as the service struggles to lure soldiers into certain critical jobs… Continue Reading…

Economy

“Gas crisis, labor shortages and supply chain chaos… Britain faces a difficult winter”

“…A perfect storm of labor shortages, skyrocketing natural gas prices and global supply chain constraints have put the country in prime position for a difficult winter. Rising demand as economies reopen has created similar problems all over the world, but economists… Continue Reading…

Economy

“UK car production plummets to lowest level since 1956 amid chip shortage, worker absences”

“U.K. car production plummeted to a new low last month, marking the worst July performance for the industry since 1956, according to a trade group. The Society of Motor Manufacturers and Traders said Thursday that U.K. manufacturers built just 53,438 vehicles in… Continue Reading…

Economy

“There are plenty of jobs, but not enough people to fill them. What’s going on?”

“The U.S. created 850,000 new jobs in June. Great. Yet 9 million people who likely would be working right now had there been no pandemic are still sitting at home. The economy would recover a lot faster if they were… Continue Reading…

Economy, Precious Metals

“Global Silver Shortage: No More Orders at the US Mint”

“Citing what it called a “global silver shortage,” the U.S. Mint is not going to take orders next month for certain silver coins. “The global silver shortage has driven demand for many of our bullion and numismatic products to record… Continue Reading…