Peter Reagan

Money has value, but not because the government says so. In an analysis on Eurasia Review, Frank Shostak goes in-depth in an attempt to answer the question: why does money have value? Opposing the views that the value of money is there because of government reassurances…

Unfortunately, like stocks, home prices can drop like a rock at a moment’s notice. That’s one lesson we learned all too well in 2008. Another Great Recession-type plummet in home prices forces many buyers underwater, stranding them with an asset they overpaid for and can no longer afford

Analysts think stagflation might be the boost gold needs right now. The gold market continues to experience strange action, having most recently fallen to $1,720 only to bounce back to $1,760 by Friday’s time. It was a repeat of the week before, where strong selling pressure was met with a lot of buyers.

It’s easy to forget that a crisis is brewing when it’s overseas. Yet to anyone familiar with the situation, the Evergrande housing crisis in China has all the makings of a repeat of the 2008 financial crisis.

Evergrande, a real-estate colossus in China, is collapsing. Don’t expect the collapse to be contained to China. The global macro implications are huge. At some point in the near future, constant interventions by the Federal Reserve and Treasury won’t be able to stave off a major crisis.

Time is running out on any possibility that the Social Security Trust will be able to provide the expected benefits to beneficiaries after 2033. That is a bitter pill that Americans will have to swallow in 12 years. But there are at least three spoonfuls of sugar that might help it go down (if you don’t choke).

In a recent analysis, the World Gold Council commented that we are entering a commodities supercycle. Between higher inflation and shortages of basic materials expected for the foreseeable future, it’s not a difficult notion to entertain. And out of the various commodities, gold is once again emerging as a shoo-in for the top spot.

How can you tell when a big economic bubble is forming? When Wall Street tells Main Street, ‘It’s not a bubble.’ The old joke goes: “How can you tell when a lawyer is lying? Their lips are moving.” Now there is a new joke, according to Charles Hugh Smith…

The days of pensions, however, are pretty much over. Nearly every corporation rebelled against the uncertain, long-term costs associated with securing their former employees’ retirements. Instead, they argued for (and got) a different kind of employee retirement benefit…

Wall Street stock brokers coined the phrase “Put 10% of your portfolio in gold and hope it doesn’t go up.” There’s a very good reason for this. When gold’s price is steady, or posting mild gains, that means there’s no market mayhem going on. Gold’s two previous all-time highs, in 2020 and 2011, both came during times of enormous global distress.

The markets are severely overvalued, according to both the Buffett Indicator and the Schiller P/E ratio. Taken together, these are a reliable indicator that Wall Street isn’t thinking clearly…

The Federal Reserve has targeted a 2% inflation rate for years, as though it’s a holy grail. As though 2% inflation was an economic panacea that would perfectly balance employment, business investment and bank lending. Recently, the Fed has loosened the reins on inflation and let it charge ahead. Quite a bit…

Bond yields are telling us gold should sit at $2,000: A recent analysis by Credit Suisse suggests that gold’s price is quite a ways off from where it should be. According to the bank’s analysts, gold’s current fair value is around $1,914 when taking into account market conditions.

One thing is certain, we sure are living in strange times and for retirement savers, that can also mean levels of anxiety that rise a lot faster than IRA balances. From mistakes anyone can make that could derail their retirement, to ongoing market volatility that the media claims is a “good thing,” there are…

Financial media headlines were absolutely schizophrenic. We saw everything from “Dow Plunges on Covid Resurgence” and “Speculators Flee Suddenly Volatile Market” to “Wall Street Ends Higher, Powered by Strong Earnings, Economic Cheer.”

Reddit’s silver “apes” expect 100% to 1,000% gains on their new silver push. Whoever thought that the Reddit-fueled attempt to squeeze silver and expose big bank manipulation of the metal’s prices was done is in for a surprise, via Fox Business

Goldman Sachs has said Gold is underpriced at $1,800 and ready to move back to $2,000. Even though gold met many bullish expectations last week by consistently closing above $1,800, Goldman Sachs analyst Mikhail Sprogis thinks the move could be the start of a much larger uptrend.

With negative real interest rates and the ongoing drop in the dollar’s buying power, it’s becoming more and more difficult to hold onto one’s savings (let alone make sound investments). The well-known stockpiling of gold bullion by nations around the world, especially Russia and China, offers hints of a possible solution

The U.S. economy is at a fork in the road – one route leads to the return of market fundamentals and sane stock valuations, at the cost of a historic market correction. The other route leads to runaway hyperinflation that eats up the debt almost as fast as it devours the dollar’s buying power.

Transitory Inflation Takes Hold of the Economy – How Long Will It Last? Just a couple of weeks ago, Bloomberg reported that Federal Reserve Chairman Jerome Powell sold investors on the idea that rising inflation wasn’t going to last. Officially, as of May 2021, inflation had risen 5%, the highest since August 2008.

Social Security Under Pressure Thanks to These 3 Economic Trends: The Social Security Administration (SSA) is in enough trouble on its own. But now, there are three big cultural and economic forces that appear to be taking their toll on the program.

The economic shock of the COVID-19 pandemic has forced many retirement savers to reevaluate their plans. That isn’t surprising, because the global economy tanked in late February, and that’s bound to have financial consequences.

The last time the Fed was noticeably hawkish was back in August 2018. Starting October 3 of that year, the market imploded (you might remember the Dow losing 5,000 points). Now there could be a “second verse same as the first.”

Gold price holds onto bullish level as markets brace for data reports. After breaking out of its months-long trading range and heading off towards $1,900, many analysts believe that the bullish moves in the gold market are just beginning…

One source revealed that as much as 1 million ounces of gold recently left the BoE’s vaults at a premium between 30 to 40 cents, a figure that normally doesn’t exceed 20 cents “during normal circumstances.” Elevated central bank buying seems to indicate some skepticism about economic recovery.

As The Daily Reckoning contributor Jim Rickards notes on Zero Hedge, the worst-case scenario for gold appears to be running its course. It’s often stated that the stock market is gold’s primary competitor, but the inverse correlation between the markets has been absent for some years.

These “Fedcoins,” according to The Economist, “are a new incarnation of money. They promise to make finance work better but also to shift power from individuals to the state, alter geopolitics and change how capital is allocated.” But perhaps more importantly, “Fedcoins” could signal the beginning of an abandonment of the U.S. dollar