Most of the people who read this weekly blog don’t trust the banking system. Some of you out there may not even want to keep any of your money in the bank. I don’t blame you. We need to have some of our funds at the bank for living expenses and emergency money.
2021 is turning into the year of cyber-attacks at the highest level. Money by definition is a current medium of exchange in the form of coins and banknotes. The main functions of money are as a medium of exchange, a unit of account, and a store of value. When money is used to intermediate the […]
Since the financial crisis of 2008, many banking reforms have addressed the notion of “too big to fail.” Unfortunately, the laws and reforms touted as being to “protect” consumers, only infringe on our rights freedoms. These large entities such as banks and insurance companies are likely to draw up rules and regulations that will benefit […]
More than decade ago IndyMac, a California big bank that was one of the country’s largest mortgage lenders, failed. Some deposits were protected by the government (FDIC), but bank customers panicked and formed long lines outside the bank’s locations trying to get their cash out of the bank.
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.
A month-over-month drop in housing sales of 6.4% in December was one of the largest in history that did not involve a major change in government policy. December capped a 2018 that was dismal for the housing market and left sales at a 3-year low. The December sales plunge was well below the 1% drop […]
Click on the image to download our Guide to Owning Bullion & Coins, a basic tool for new and experienced metal investors.
