European investors are fleeing Euro banks and flocking to gold, which is at an all-time high in Euro and British Pound.
Gold owners reap rewards; Argentina’s currency and stock market plunge. Last week a primary election triggered panic in Argentina and caused investors to dump Argentina’s fiat money, the Argentine Peso, along with their stock market at the same time. Anyone who lives in Argentina and owned gold and other precious metals was insulated from that […]
Gold wins as a store of value for money when the time value of money collapses. What is the time value of money? The time value of money means money available now is worth more than the identical sum in the future due to the possibility of making money by placing it somewhere to earn […]
On July 19 of this year, the price of gold on the spot market hit a key milestone, trading above $1,400 for the first time since 2013. This milestone brought gold back into the spotlight among financial analysts and many have called this the beginning of a rare bull market in precious metals. It has […]
The Federal Reserve interest rate cut was applauded by Wall-Street; they called it an ‘insurance’ rate cut. Maybe stock investors intend to behave recklessly. Economists’ opinions differ on the rate cut.
Last week was the 75th anniversary of the Bretton Woods agreement. The agreement was collapsing in the 1960s and finally ended during the 1970s when the US abandoned the gold standard. Since then the price of gold has risen to over $1,350 an ounce from the value at the congressionally set price of $35 per […]
If you want to save money you need to think about why the Federal Reserve will be whipping out your cash savings Around the world, people are paying for the privilege of lending money to governments. This may seem a bit odd to you, but it is true. If you think that is it basically […]
Every summer the kids get a summer vacation from school and Congress usually takes a recess from government business in August. This year the recess may become a little dicey since our federal government has been unable to borrow money since March. Why not? Back in March congressionally mandated borrowing limits took effect.
On Wednesday President Trump accused China and Europe of playing a big currency manipulation game. The president implied that America should hit back. President Trump said if America doesn’t do anything about the game, the country will continue being the dummies who sit back and politely watch as other countries continue to play their games […]
Loans in the shadow banking system are now larger and a bigger threat to economic stability and our economic system than the subprime mortgages that nearly collapsed our financial system in 2008.