Tag Archives: US debt

China and Russia Increase Gold Reserves

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 […]

How to Choose a Reputable Gold Dealer

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 […]

Dow Nearly Wipes Out 2019 Gains

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 […]

Quantitative Easing in 1918, 2008 and Now

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.

Deficit Surges in October

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 […]

Three Reasons Why You Should Own Gold in Your IRA

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 […]

Debt Crisis Looms Large as Congress Debates and Population Stagnates

Over the years we have heard from Congress and all the recent White House administrations that the reported numbers for economic growth and unemployment are the key indicators of a strong economy. Economists and government policymakers have said growth will eventually ease the debt burden the nation has accumulated over the years. So, there is […]

Will the US Nationalize IRAs and 401(k)s?

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.

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