Producer prices came in hotter than expected in November. This came on the heels of a CPI report showing price inflation is sticky. With inflation worries mounting, investors sold gold. Wait. People sold an inflation hedge with increasing signs of inflation? Yes. You read that correctly.
Full Article →The Hardest Retirement Math Is Also the Most Crucial
Inflation – we’re all tired of hearing about it, plenty tired of thinking about it, too. But we have to consider exactly how big a difference inflation makes in our future cost of living. And it seems like nobody knows exactly how to figure out how much today’s dollars will be worth tomorrow…
Full Article →The Secret Connection Between Bitcoin and Gold Prices
Bitcoin’s record ascent beyond $100k captured headlines worldwide. But what does this so-called digital gold have to do with the real thing? If you take a closer look, it’s plain to see that the forces driving the crypto market higher are very similar to those driving the gold market…
Full Article →How Will Trump’s Tariffs Affect Your Finances?
Trump’s Tariffs Are Coming. President-elect Donald Trump loves them. I’m not just saying that. He has literally said that he “loves” tariffs. He’s spent the last couple weeks promising steep tariffs on day one of his presidency. Here’s how much that will cost us…
Full Article →Central Bank Gold Buying Surged in October
After rebounding in September, central bank gold buying surged in October, doubling the 12-month average. Central banks added a net 60 tonnes of gold to reserves in October, the highest monthly total year-to-date, according to data collected by the World Gold Council.
Full Article →Red States Are Taking Action Against Dollar Devaluation
Lawmakers in the Lone Star State are so fed up with dollar devaluation that they’re taking matters into their own hands. Outlining a bold proposal to reinvent money – and it’s certain to have the Federal Reserve in an uproar. Here’s the opening shot in the battle of Texas versus the Fed…
Full Article →Latest Gold Survey Found Something Very Interesting
Despite two volatile weeks, $3,000 gold in 2025 is starting to seem inevitable. Meanwhile, everyday Americans are finally starting to catch on to gold’s role in diversifying their savings. Then we investigate the increasingly popular opinion that leaving the gold standard was the worst decision our nation ever made. Could we go back?
Full Article →The Jaw-Dropping Math Of Federal Government Spending
Trump’s bold economic vision seeks to return the nation to a golden age of economic opportunity. But nearly every economist will tell you that tariffs raise prices. Trump has vowed to put tariffs in place. Prices will go up – so what’s the point? Cutting $2 trillion from the federal budget may not be feasible
Full Article →U.S. National Debt Blows Past $36 Trillion
It took 118 days to add another trillion dollars to the national debt. That’s just under 16 weeks. On Thursday, Nov. 21, the national debt officially blew past $36 trillion. To be exact, it hit $36,034,994,586,981.97. You might be thinking, “Didn’t we just eclipse $35 trillion? Yes. It was on July 26, just under four months ago.
Full Article →Elon Musk Targets the Fed
Elon Musk offered to include Ron Paul in the Department of Government Efficiency (DOGE) – a presidential advisory commission headed by Musk and Vivek Ramaswamy. DOGE is tasked with finding waste, fraud, and abuse in the federal government and making recommendations for how to eliminate it.
Full Article →Musk’s Wrecking Ball and Your Financial Future
Discover how the Department of Government Efficiency’s bold plans could reshape your financial future. With huge cuts to government spending, will inflation subside? Will prices finally fall? Or will Bidenomics prices stick around even longer? Some are scared Trump could include Social Security cuts in efforts to reduce government wastage…
Full Article →Could Rapid Growth of AI Boost Gold Demand?
According to a report by the World Gold Council, the answer is yes. Gold’s excellent conductivity and its malleability make it an important component in the manufacture of electronic devices. Gold can be formed into extremely thin wires, making the metal ideal for use in small computer chips.
Full Article →What Separates Smart Gold Owners from Speculators?
Gold sold off after Trump’s victory and the red wave – but why? What changed, even before the President-Elect takes office? There are plenty of explanations, but they’re mostly fact-free hand-waving. So what’s going on? In the short-term, same as all markets, sentiment drives gold. Greed and fear, to paraphrase Warren Buffett.
Full Article →Turns Out Silver IS an Asset for Diversification and Hedging Risk
This is the conclusion of a new report by Toronto-based Capitalight Research Inc. commissioned by the Silver Institute: “Institutional investors seeking to strengthen their portfolios through diversification should consider the compelling benefits of investing in silver.” The report focuses on increased fragility in the geopolitical environment.
Full Article →UAE to Usher in “Asian Century” for Gold
The United Arab Emirates is poised to usher in an “Asian Century” for gold to challenge dollar dominance, according to a report published by the Dubai Multi Commodities Centre (DMCC). The UAE leapfrogged the United Kingdom to become the world’s second-largest gold trade hub in 2023.
Full Article →Inflation Fire Not Extinguished Yet, Far From It
We’ve been through a lot over the last four years – and some things have gotten better. Some things are getting worse again. Inflation has been smoldering for months now, so why is the Fed suddenly fanning the flames? It’s a good question to ask, and we all want something hopeful to look forward to… but…
Full Article →Inflation Not Likely to Go Away
Gold and silver futures speculators began selling contracts in anticipation of a Trump victory. Thus far, the selling continues after his win. The markets may have simply been overbought after big moves higher in October. However, the impact of the election cannot be discounted.
Full Article →Biden Administration Kicks Off 2025 With Another Big Deficit
After running the third-largest budget deficit in history in fiscal 2024, the Biden administration kicked off fiscal 2025 in a similar manner. The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending up, according to the latest statement from the Department of Treasury.
Full Article →How Much Will It Cost to Make America Great Again?
With Trump’s election victory and a GOP-controlled Congress, significant economic changes are on the horizon. While these policies aim for long-term prosperity, they come with significant short-term costs. Here’s a discussion of just how much these plans will affect your finances…
Full Article →What a Week in Gold! Wait, It’s Just Tuesday…
Gold plunged by almost $80 yesterday… And it doesn’t look like the decline is going to end (!) anytime soon. Sure, there will be corrections, but the bearish train appears to have finally left the station, as I’ve been expecting it too previously. Gold broke below its rising support line, which is a strong sign that the trend has changed.
Full Article →Presidents and Debt: The Worst of the Worst
We’re currently cursed to the tune of $35.9 trillion and counting. To make matters worse, the size of the debt is exacerbating the debt. Uncle Sam paid $1.13 trillion in interest expense in fiscal 2023. In fiscal 2024, the federal government paid more for interest expense than national defense and Medicare.
Full Article →India Repatriates More Gold From UK for ‘Safe Keeping’
India has brought more of its gold home. Last spring, the Reserve Bank of India repatriated 100 tons of gold, moving it from the UK to vaults within India’s borders. According to a report by the New Indian Express, the RBI recently moved another 102 tons of gold home.
Full Article →Is Inflation Alternative Actually Worse?
Inflation is a controversial topic among economists. They can’t always agree on the best ways to measure it, or even what causes it. They all agree on one thing, though. You’ll never believe why the so-called experts think inflation is a necessary evil… But you can take steps to counter the Fed’s wealth destruction
Full Article →As Things Change, Some Things Will Stay the Same
The votes are counted, and the results are in! Donald Trump will occupy 1600 Pennsylvania Avenue for the next four years. The GOP will also control both houses of Congress. Much will change in the next four years. But it’s also important to consider the things that will almost certainly stay the same…
Full Article →As the United States braces for the aftermath of a decisive Trump victory, the principles of sound money seem destined to take a backseat to what is politically expedient – because national political campaigns, often promise more spending, that erodes the purchasing power of the U.S. Federal Reserve Note, AKA the U.S. dollar.
Full Article →Gold & Silver Best-Performing Investment Assets in 2024
Gold and silver have been on a tremendous run in 2024. In fact, they are the two best-performing assets this year. As of the end of October, silver was up by 42.4 percent, and gold was up by 33.7 percent. This compares to a 24 percent gain in the NASDAQ, the best-performing stock index.
Full Article →Why Has Global Gold Demand Never Been Higher?
After shattering 30 all-time high price records, global demand for gold also hit an all-time high this year. Is massive demand causing record high prices? Or are high prices causing fear of missing out? Let’s dive into the forces behind record gold demand…
Full Article →Retail Stores Closing at Pace Not Seen Since Pandemic
While President Biden and talking heads in mainstream media talk about the amazing robust economy, retail stores are closing at a frenetic pace. According to Coresight Research, 6,189 stores have already closed in 2024. That puts retail store closures at the fastest pace since 2020, when government shutdowns decimated the retail sector.
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