This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold as sentiment-driven as ever, $34 silver soon, and U.S. Mint’s gold sales have already outpaced last year’s figures. The U.S. federal government is indebted by over $33 trillion, and it matters…
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Gordon in California asks “Is a gold IRA safe?” He is referring to recent news concerning a large and well-known gold IRA dealer’s bankruptcy. Gold IRAs, in essence, are secure investments, particularly considering the enduring value and stability of gold as an asset. However, as with any financial venture things can go wrong when human greed is a factor…
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Sarah from Ohio asked ‘Is Gold Investment Good’ – giving no context as to what type of gold investment, in what situation and what she defined as good. That’s a bit like asking if dessert is a good idea after dinner. In both cases, for me at least, the answer is a resounding yes, for seven reasons.
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Let’s drill down on the spending that’s helped fuel the economy. It might interest you to know that real wage growth (earnings after inflation and taxes) has declined in each of the last three months. So, from where have Americans been getting the money for all the spending that sends GDP growth ever higher?
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I’m going to be generalizing a lot here looking at typicals and averages, but for most of the following examples these reasons hold about as much weight as any. Of course how MUCH someone is looking to invest and how much their overall availability of funds stands at will have an impact too.
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What a powerful bearish confirmation! Not only did our profits increase yesterday, but we got this precious gift, too! What gift, you ask? The powerful bearish confirmation, of course! Did you see the… Rally in gold? The yellow precious metals moved higher by $12.50 yesterday. It happened on low volume, indicating that it was just a breather, but still…
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Savvy investors are always on the lookout for the next big thing – a dominant theme that drives headlines and creates profit opportunities in markets. The problem is that by the time everyone is talking about it, it’s often too late to invest – at least at attractive prices. The big investment story-line of 2023 has been artificial intelligence.
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Experts forecast a shaky dollar will send gold to $2,500 next year. This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers.
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Coming right out of the gate in January, the federal debt ran up against the debt ceiling, which at the time was $31.4 trillion. A months-long and highly combative back and forth ensued between Democrats and Republicans…one that wasn’t finally resolved until the very beginning of June and just a few days before “X Date,” when the government would have had no choice but…
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First it was the COVID economic panic that started in March of 2020. Then it was Biden’s disastrous mishandling of the military withdrawal from Afghanistan in 2021. Almost immediately following that disaster, the Biden administration went on a multi-trillion-dollar deficit spending spree that dramatically worsened inflation. Not long after, Biden led …
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If you want to build a house that can withstand the test of time, you can’t have a weak foundation. So you have to build a solid foundation. The same idea holds true for your financial “house.” Your retirement savings plan has to be built on a strong foundation. Don’t spend money you don’t have – Live within your means!
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Central bank gold buying on track to shatter last year’s record, a different take on gold’s price and who wants a gold token instead of physical gold? 2023 may set another new record for central bank gold buying
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Which gold coins you buy are always going to be a personal preference, especially if you’re looking at the Bullion end of the market (as opposed to collectibles.) With my sensible hat on I’d say one 1oz gold coin is pretty much the same as any other 1oz gold coin, but then something like gold is about more than mere sense.
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According to a Harris poll conducted for Bloomberg News, a whole lot of middle-class Americans are worried about the economy. In fact, the number who say they are worried about the economy has grown over the past year, even though inflation has steadily declined at the same time. 44% of middle-class Americans are “stressed” about the economy
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Gold didn’t just invalidate the move above $2,000. It moved even lower – that’s how we know the invalidation is real. And so are its consequences. After gold’s suspicious rally, we see a very real decline. And the decline in silver and mining stocks is even bigger.
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold doesn’t want to leave $2,000, how the U.S. government has indebted you by around $100,000, and Canada releases 2023 coin from single-source mine, while firms like Citi are resuming the purchase of Russian metals
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Gold prices are flirting with all-time highs once again and investors are wondering if this time might be different. Perhaps gold (and silver) can finally break out of the range where they have been mired over the past 3-½ years? A breakout to higher prices is, in our view, both overdue and inevitable, however, the timing of a breakout remains impossible to predict
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Despite ongoing risks to the world economy posed by ongoing inflation and interest-rate challenges, there is another risk on the radar screen that experts suggest could be the most formidable of all through the foreseeable future: geopolitical tension. J.P. Morgan’s Jamie Dimon sounded the geopolitical “alarm,” suggesting tensions are set to impact global economy.
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Gold bugs hold a different definition of risk free, but for most of Wall Street and the investing public the assumption has been that there’s zero chance the U.S. government will ever default on its debt. The truth is finally dawning on this crowd. There is more than one way for the U.S. to default. The government might not welch on payments, but…
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Theoretically, it’s not really important to pick the exact top – it’s good to be just near it when making transactions. And to be 100% precise, all that matters is that the exit price is more favorable than the entry price for a given trade. And if the annualized rate of return is better than the risk-free rate of return (one that bonds provide), then it’s already very good.
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In a year marked by no emergency pandemic assistance, no national crisis of any kind… and characterized by low unemployment rate as well as an expanding economy (at least as indicated by headline GDP growth measures), the annual budget deficit is still projected to land at $1.7 trillion according to the Congressional Budget Office.
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If you don’t already realize that dedollarization is happening, there’s no clearer proof than BRICS Pay. BRICS Pay is a new blockchain-based payment system that enables members of the BRICS countries (Brazil, Russia, India, China, and South Africa) and their partners to make financial transactions in a whole new way.
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“This may be the most dangerous time the world has seen in decades.” That’s according to JPMorgan Chase CEO Jamie Dimon. His alarming statement accompanied the bank’s latest earnings release. Dimon is concerned about geopolitical strife in the Middle East, Ukraine, and elsewhere. He is also alarmed by rapidly deteriorating U.S. finances.
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It appears we can say officially there is no consensus on the issue of whether the U.S. economy is in for a recession. March 2022 was the first time in this current cycle of tightening that the Federal Reserve raised interest rates. A month after that initial increase, economists polled by Reuters pegged the chances of recession at 25%
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There is a lot of talk in financial circles about the shift in the U.S. economy toward a “cashless society.” Naturally, there are both benefits and drawbacks to such a radical change. Because of the required technological progress, many reports focus on the advantages of an economy that goes cashless. For example, the IMF claims…
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Once you receive a retirement plan distribution, then you have some planning to do. One part of that planning is deciding how you are going to roll over the funds into any new vehicle(s) and begin to enjoy the fruits of your labors. The IRS website nicely summarizes the main reason why many Americans who are saving for a stress-free retirement would do this…
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This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The not-so-hidden Chinese crisis, what we can expect from gold in the near-term, and a reminder on why only gold bullion cuts it: The Chinese economic slump and the accompanying rush to gold
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When Augusta’s director of education Devlyn Steele presented his 2023 outlook back in January, he suggested the prevailing theme of the economic year could be one of uncertainty. I’m not sure even he expected to hit the nail on the head quite as squarely as he apparently did
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