Hyperinflation during the Weimar Republic 100 years ago Paper or fiat currency is nothing new in world history. China has a long history of printing intrinsically worthless currency dating back to the seventh century. In the 1400s the kingdom of Spain began printing paper to be used as money during military sieges.
The Dutch Central Bank made an interesting statement in a report published during October. De Nederlandse Bank said that gold was an important and critical asset. The report issued by the central bank said,
Our federal government’s budget deficit during October rose 34% versus a year ago to over 134 billion dollars; the deficit should breach one trillion dollars for the fiscal year 2020. The last time the deficit was that high occurred eight years ago when the federal government spent money like crazy to keep the economy and […]
Billionaire investor Ray Dalio recently gave an interview and posted a message on LinkedIn where he said the world has gone mad and the economic system is broken. Dalio is famous because he is one of the founders of Bridgewater Associates one of the largest and most successful hedge funds over the last 30 years.
The election season is just around the corner and depending on who wins the election the impact on you and your finances, your savings and your retirement plans can be breathtaking. What if a candidate such as Elizabeth Warren wins the Presidential election in 2020?
The Federal Reserve is expected to lower interest rates again with another ‘insurance’ rate cut. Some economists say it will help keep growth afloat, others say the lower interest rate will have little impact on the economy since rates are already near historic lows. No one really knows what will happen until later. What you […]
You probably have heard bankers and economists along with people running for political office talk about the middle class shrinking and even disappearing. This has been happening because of the cost of living for you and the inability for most people to keep up with the cost of living.
Platinum is considered a precious metal for one reason it is rare. Platinum is part of the precious metals group of investable metals and is considered a liquid asset.
The Taxpayer Relief Act of 1997 permitted taxpayers to own physical gold (as well as silver, platinum, and palladium) inside of their IRA accounts. Today investors seeking safe and stable ways to prepare for retirement are using IRAs to own gold in record numbers. There are many reasons these investors flock to physical gold inside […]
What’s the new risk-free? That’s the question during this time when government bonds can’t provide the safe haven they traditionally offer as an asset class. In 1998, when equities fell, if you had bonds, you did really well. Because bond prices went up when equities fell. If you did your portfolio rebalancing and sold out […]
Click on the image to download our Guide to Owning Bullion & Coins, a basic tool for new and experienced metal investors.
