Central banks like gold because the metal is expected to hold its value through turbulent times and, unlike currencies and bonds, it does not rely on any issuer or government. It also enables central banks to diversify away from assets like US Treasuries and the dollar.
Read More »What Is A Universal Basic Income? Why Is It Flawed?
A Universal Basic Income (UBI) sounds great in theory. According to a previous study by the Roosevelt Institute, it could permanently increase the U.S. economy by trillions of dollars. While such socialistic policies sound great in theory, history, and data, they aren’t the economic saviors they are touted to be.
Read More »What’s the Value of Paris Olympic Gold and Silver Medals?
According to the New York Times, "When the Eiffel Tower underwent renovations in the 20th century, they preserved pieces of the original iron and kept them in storage. Those chunks make up the hexagon figure in the middle of the Olympic gold medal."
Read More »What Effect Would A “Minsky Moment” Have On the Price Of Gold?
Is the current U.S. stock market, and global economy, approaching a Minsky Moment? If so, how would precious metals such as gold and silver react in the aftermath of such a collapse?
Read More »Gold’s Performance When Stock Markets Crash
When trouble really hits the fan, everything slides together and, most times, that includes gold but....
Read More »The U.S. National Debt Reached $35T Last Week! Here’s What It Could Mean
Modern Monetary Theory asserts that as long as the central bank can monetize federal debt and keep interest rates low the government can endlessly increase the amount of debt...[but] those who pretend deficits don’t matter ignore the fact that interest on the national debt will soon be the largest item in the federal budget,
Read More »Here’s What Happened To the Markets in the Past Few Days
On Monday morning, investors woke up to plunging stock markets with media headlines suggesting that the sell-off was due to fears of a recession, slowing employment growth, and fears over Israel and Iran, but those were not the primary reason why. In fact, it was the forced unwinding of the “Yen Carry Trade.” Let me explain.
Read More »What Is A “Meme” Stock?
The word "meme" comes from the ancient Greek word "mimema" - meaning imitation - and is used to describe information that is imitated and often spread via pop culture references on social media.
Read More »Founding Fathers’ Financial Advice Stand the Test of Time
To help you in your personal finances, consider what 6 of the founders of the United States of America - Benjamin Franklin, Thomas Jefferson, Alexander Hamilton, John Hancock, John Adams and George Washington had to say on the subject. They definitely stand the test of time.
Read More »Avoid These Mistakes and Become a More Successful Investor – Here’s How
Some investors find that they have the time, energy, and objectivity to act successfully on their own but for many it would make more sense to turn the job over to an expert and enjoy life. Others might just want some help and that is what this article will attempt to do. Read on!
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