Sunday , 24 November 2024

Lorimer Wilson

Relax! Gold Pricing Going According to Script – Down & then UP! Here’s Why

The spike in gold/silver mining stocks convinced a lot of people that a new bull market had begun but last week's brutal smack-down scared the hell out of many of the same folks. The latest commitment of traders (COT) report, however, implies that we should all relax. Things are playing out pretty much according to a script that's been in place for decades - and which points to happy times by early next year. Let me be more explicit.

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Most Americans Are Skeptical of the Fed’s Happy Talk – Here’s Why

The more I think about where the “monetary policy community” of academic elites has brought us, the angrier I get. It has been a long time since I have been this passionately upset about something - and not merely because the policies are stupid - but what the Fed has done is to destroy the retirement hopes and dreams of multiple tens of millions of my fellow U.S. boomers (and when we include the effects of the destructive policies of the rest of the world’s central banks, the number becomes hundreds of millions). This article looks at the FOMC’s decision-making process for monetary policy and surveys the unpalatable future that our leaders are cooking up for us.

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The Motives & Incentives Driving the Current Passion For Inflation

Just as the amount of outstanding debt has spiraled uncontrollably higher, so too will inflation. The hubris of central bankers who somehow believe they will know the precise time to alter easy money policies in order to prevent a monetary disaster is only exceeded by the foolishness of Congressional oversight in granting that authority. Word count: 1139

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The Right Perspective (the Brutal Truth) About Retirement

Retirement should be thought of as the start of something not the end of something. As such there is a lot of work to do as far as how to spend your time, assess your finances (even if you have an advisor), become your own health and fitness advocate (and there's probably more) and all of them are multi-faceted in their scope. Once you get to retirement it is an opportunity for many things if you have the right perspective. This article addresses 8 brutal truths about retirement and how to make the most of each.

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Financial Advice vs. Investment Management – The Differences Are Dramatic

A large majority of what the financial industry calls financial advice is really just glorified product sales. What most people actually need is advice about how their investments fit into their overall financial plan, and more importantly their life. Investment management & financial advice are both necessary components for long-term success, but it’s important to understand the differences. This article points out those differences.

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New Global Reserve Currency (SDR) Poised To Replace USD

Last December the IMF announced that the Chinese yuan would be included in the basket of currencies used to determine the value of a new global reserve currency called the Special Drawing Right (SDR), or world money. Now, less than four weeks following the G20 Summit, the yuan will officially join the SDR making up over 10% of the SDR. With China onboard, the SDR is poised to become the de facto global reserve currency.

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