Monthly Archives - January 2019

Bitcoin investors buying more gold

CNBC: More and More Bitcoin Investors Moving Away From Cryptocurrencies and Into Gold

There’s no denying that 2018 was the year of cryptocurrencies. Fresh off a $20,000 high, cryptocurrency enthusiasts had no doubt that Bitcoin would continue to soar. New products such as Bitcoin futures began to be offered, promising to revolutionize the financial world. Alas, those hopes were a little premature. While Bitcoin’s price is still twice as high as it was just two years ago, hopes for a quick revolution have faded. In fact, most Bitcoin investors are now planning [...]

Federal spending isn't slowing down

Not Even a Government Shutdown Can Stem the Tide of Federal Spending

The federal government reopened this week after the longest shutdown ever. But while most Americans saw national parks and federal museums shuttered and assumed that the rest of the government was closed in a similar manner, that wasn’t really the case. In fact, despite the hundreds of thousands of federal workers furloughed or made to work without pay during the shutdown, federal government spending only decreased by 7 percent. That’s a slowdown, not a shutdown. That highlights not only [...]

Palladium is worth more than gold for now

Palladium May Be the Most Valuable Precious Metal, But Gold and Silver Still Outshine It

If someone had told you last August that palladium would one day be more valuable than gold, you probably would have laughed out loud. Yet here we are, with palladium just barely edging out gold as the world’s most valuable precious metal. From a low of $845 last August palladium has been on a tear in recent months, currently sitting at around $1,335 per ounce. Palladium’s major industrial use is in automobile catalytic converters, with automotive demand responsible for about [...]

The shutdown's effects on recession

Will the Government Shutdown Lead to a Recession?

There’s been a lot of talk about how the government shutdown is harming the economy, with millions of dollars of losses piling up each day. The longer the shutdown lasts, the worse it is for the economy according to this point of view. But is that really true? There are undoubtedly many companies that have been negatively affected due to the shutdown. Among those are companies that do a great deal of business with the government or whose customers are [...]

Emergency savings are important

The Government Shutdown Demonstrates the Importance and Necessity of Savings

With the federal government shutdown already record-breaking at over one month in duration, more and more stories are circulating about the harm federal employees and their families are facing. Having already missed one paycheck, federal employees are about to miss a second. And while they will receive back pay once the government reopens, that doesn’t do much to help their immediate finances. With credit card bills to pay, car payments to make, and mortgages to pay off, hundreds of [...]

Billionaire buys gold for the first time in his life

Billionaire Investor Says He’s Buying Gold “For the First Time in My Life”: Here’s Why

More and more investors are becoming attuned to the numerous benefits offered by gold. And it isn’t just novice investors who are just starting out and cutting through the Wall Street stock and bond propaganda who are discovering gold either. Sometimes even seasoned investors who wouldn’t have given gold a second thought before are discovering that gold is a great investment. Cue Sam Zell, the billionaire founder of Equity Group Investments. In a recent interview Zell stated, “For the first [...]

Central banks will be powerless to stop the recession

Central Banks Are Out of Ammo and That’s Good News for Gold

With stock markets around the world on edge and investors nervous about what the future might hold, everyone is looking at central banks for guidance. You would think that they would have learned their lesson from the 2008 financial crisis, caused as it was by loose monetary policy. But ignorance of sound economics has left many people looking to central banks to boost the economy. Rather than seeing central banks for what they are, arsonists who are destroying the [...]

Gold is looking bullish

CNBC: Technical Investors Getting Bullish on Gold

Original article and video published on on January 19, 2019. Unless you’re deeply involved in gold trading, you’ve probably never heard of the golden cross. And no, it has nothing to with Williams Jennings Bryan’s “Cross of Gold” speech. The golden cross occurs when gold’s 50-day moving average moves above its 200-day moving average. It’s considered a bullish sign by professional traders, who have noted that gold is now perfectly poised to start moving upward. According to Cornerstone Macro [...]

China's economy is slowing

3 Reasons China’s Economy Is Weakening and How That Will Benefit Gold

China’s economy has grown by leaps and bounds over the past couple of decades, with many economists speculating that it could overtake the US economy as the world’s largest within 15 years. But that facade of enormous growth is hiding some real structural problems that could seriously weaken the Chinese economy in the near future. Here are three of the most pressing problems. 1. Mountains of Debt China is one of the most indebted countries in the world, both in terms [...]

Passive investing could make the next crash worse

Passive Investing and the Coming Crash

By now it’s clear to many people that stock markets are on the verge of a major decline. But what is scaring many investors is the prospect of a severe crash. While the financial crisis of 2008 was bad, stock markets “only” lost a little over 50% of their value. Were we to experience another market crash like the Great Depression, we could see losses of over 90%. That would devastate every investor in this country, from biggest to [...]