Today in the United States many workers can no longer rely on their employer for lifetimes support through pension plans. Most people must build and contribute to their retirement through IRA or other retirement plans.
There’s much on the surface that makes a casual observer think the US has a strong robust economy. For example, you always hear about how strong our job market is. The job market is a lagging indicator. And if it’s true that everyone who wants a job has a job, not everyone has a good […]
Our Economy (Part One of the Saga) So Are We Good Or What? Reliable Indicators Show Recession Ahead Don’t expect interest rates to rise anytime soon. So say our friends at the Fed. Federal Reserve Chairman Jerome Powell said, The US economy is in a good place and we will use our monetary policy tools […]
At Midas Gold Group we often encourage investors to take some positions in the industrial metals market. Purely industrial metals include platinum, palladium, and rhodium. All three of these metals, Platinum Group Metals (PGM), derive a significant part of their demand from the auto industry where they are used in catalytic converters to reduce emissions.
While most precious metal investors closely watch the price of gold and silver, many miss major moves in some of the industrial precious metals such as platinum, palladium, and rhodium. For many investors, diversification into these industrial metals can add diversity and profit potential to any balanced precious metals portfolio.
The European Central Bank shockingly slashed the 2019 Euro economic outlook from 1.7% to 1.1%. ECB President, Mario Draghi, told reporters, The weakening in economic data points to a sizeable reduction in the pace of economic expansion that will extend into the current year.
There are many choices when it comes to investing in precious metals. We’re looking at uncirculated bullion coins, proof coins, and pre-1933 gold coins. Without making recommendations towards one or the other, we want to explain the differences between regular strike government issued bullion coins…what the Mint calls “uncirculated,” proofs, and pre-1933 gold coins.
As traders of precious metals, we have encouraged clients to increase rather than decrease positions in physical precious metals in 2019. After eight years of economic expansion and stock market growth based on artificially low interest rates, the risk in the stock market is arguably at an all-time high.
It is no secret that long-standing institutions seeking to preserve generational wealth own gold. Gold is a popular store of value with wealthy families, royal dynasties, multinational organizations, religious groups, and particularly central banks.
As the Fed meeting wrapped up as expected with no change in interest rates, gold ended the last week of January holding gains of roughly $40 on the spot market. More importantly, gold has broken through and held above key support level of $1,303. The gains for the yellow metal are primarily attributable to a […]