This week the World Gold Council published its Gold Outlook 2021. The World Gold Council is the leading authority and market development organization for the gold industry. The World Gold Council is an association whose members comprise the world’s leading gold mining companies. In this week’s article, we take a look at some of the […]
The US supplied the Allies in WWII and got paid in gold. After the war, countries linked their currencies to the US dollar, which was linked to gold. The Gold Standard ended completely in 1971, but the US dollar’s reserve status remained. Today more than 61% of all foreign bank reserves are denominated in US […]
I found myself staring at the US Debt Clock site since Friday afternoon. It’s like watching a ticking debt time bomb. The issue of US debt has always been an occasional issue that is often spoken about in political circles. The issue of creating debt that our children will need to pay back is brought […]
Since the recent March high in the US dollar, the fiat currency has fallen consistently. The purchasing power of our dollar has dropped. Our dollar buys less today than it did a couple of months ago. All paper currencies have lost significant purchasing power over the past few decades. A simple example explains it all. […]
Physical gold is viewed as being a wealth preserver, a diversifier, and a hedge. The case of metals being a “store of value” is valid but investors are also always looking for a return on their investment. In such a volatile time for all markets, the return of investment is very important to most investors. […]
Many economists are still predicting a V-Shaped post Coronavirus shutdown. The rebounding stock market would seem to support the V-Shaped theory. However, others predict a real turnaround could take a decade. The drastic recovery in the stock market is not based on strong market fundamentals. The unemployment rate at nearly 20% is drastically higher even […]
The dollar has lost more than 6% of its value over the past two weeks against a basket of global currencies. Global traders are unsettled with the loose monetary policy in the United States. In 2020 the US created approximately 9 trillion dollars out of thin air amid the Coronavirus pandemic. Meanwhile, two key net […]
Paul Singer, the hedge funds billionaire behind Elliot Management has a long track record of making correct market calls regarding big economic events. He took his company from a small $1.3 million dollar fund to a $35 billion mega-fund. He track record includes correct calls prior to the financial collapse of 2008, the end of […]
Investors face many hard decisions today regarding their financial future. As we most certainly face a great deal of uncertainty and inflation seems unavoidable, wealth preservation is perhaps the most important part of the plan for the next ten years. Most investors cannot afford to gamble their life savings in the volatile stock market uncertain […]
Coronavirus is spreading around the world and investors are fleeing equities The COVID19 Coronavirus is making its way around the globe. The US stock market had its worst week since 2008. World stocks lost over $5.1 trillion in market cap last week. The S&P Banks Index saw the biggest 6-day collapse since the peak of […]
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