Thursday , 31 October 2024

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Details of U.S. Gold Reserves Policy (and links to those of 7 other countries)

The U.S. gold reserves create intrigue and controversy due to their claimed size, and also because the U.S. gold stocks have never been physically audited and verified by a entity independent of the U.S. Government. [This article highlights what little is known about the U.S. Government's policy and provides links to articles on the policies of Germany, Italy, Netherlands, Switzerland, France, Russia & Austria.

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The Changing Ways Americans Spend Their Money – Surprising

Consumers are the foundation of the U.S. economy and today's chart plots data (reflecting median spending, and adjusted for inflation) from the Bureau of Labor Statistics (BLS) for 12 different consumer categories over a period of nearly 75 years to show the changing way in which Americans spend their money.

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Personal Finances Are More Important Than Portfolio Management So Here’s 20 Personal Finance Rules To Follow (+2K Views)

I’ve always said that personal finances are more important than portfolio management, but I still think there’s probably not enough people writing or providing education on the topic so I’m going to make a concerted effort to write more about personal finance in the coming year and, to that end, here’s my list of 20 personal finance rules:

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No Fewer Than FIVE Ominous, Vicious Cycles Await Us (+2K Views)

Neither the White House nor the CBO have adequately considered the real impact of the very deficits they themselves are projecting. While they admit the deficits will be off the charts they fail to connect the dots from that admission to its obvious natural consequences — no fewer than FIVE ominous, vicious cycles.

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The World’s Deepest Gold Mine Is 2.5 Miles Down! (+2K Views)

Humans will do almost anything for gold. In fact, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef. Welcome to another day at Mponeng, the world’s deepest gold mine.

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Coming Currency Debasement Good for Gold (+2K Views)

When I look strictly at what’s actually going on in the world, I have to think that gold will go to at least $2,000 in this cycle and there are very credible scenarios in which it could go to a multiple of that number. Why am I so bullish for the yellow metal? Let me tell you why. Words: 469

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