Monthly Archives - April 2019

President Trump wants more quantitative easing

President Trump Calls for QE4; That’s Bad News for the Dollar

Before a recent trip to the border with Mexico, President Trump called on the Fed to end its tightening of monetary policy and begin a new policy of quantitative easing. According to Trump, “I personally think the Fed should drop rates, they’ve really slowed us down. There’s no inflation. In terms of quantitative tightening, it should be quantitative easing.” Trump apparently believes that QE4 would stimulate the economy, saying “I think they should drop rates and get rid of [...]


Newsmax: Citi Commodities Expert Sees $1,400 Gold by End of 2019

With the price of gold still hovering around the $1,300 per ounce range, many investors are impatiently waiting for a breakout. As with any other investment, patience is a virtue. Investing in gold is a long-term strategy, not a short-term get rich quick type of investment. But those investors who have been patient and who have held on to gold should be richly rewarded this year as gold prices are set to rise. Wall Street analysts are almost universally bullish [...]


Trump’s New Fed Picks: Will the Fed Soon Start Talking Gold?

President Trump has had the unprecedented ability to shape the Federal Reserve’s Board of Governors in a way that no other President has. Three of the current five Board members were appointed by him, and he just recently announced two new nominations, Stephen Moore and Herman Cain. That means that by the end of his first term he will have appointed 5 of the 7 members of the Fed’s Board of Governors and 5 of the 12 members of [...]

Toward a new plan for retirement

Retirement Is Broken for Many Americans: Time for a New Four-Legged Stool

For decades many retirement planning guides have talked about the three-legged stool of retirement: Social Security, private savings, and pensions. But the three legs of that stool have become heavily degraded over time. Many Americans ask themselves “What stool?” when it comes to thinking about the three legs of retirement planning. Social Security is in dire straits and set to run out of money within 15 years. Pensions have largely gone by the wayside and have all but disappeared for [...]

China continues to buy gold

China Extends Gold-Buying Surge

Another month, another report of more Chinese gold purchases. For the fourth consecutive month the Chinese government has added to its official gold reserves, with another 360,000 ounces, or 11 tonnes, of gold purchased in March. That brings the country’s official gold reserves up to 60.62 million ounces. The fact that China continues to purchase gold is an important indicator of its views of the future state of the world economy. With 2018 nearly breaking a record with over 651 [...]

The dollar will lose it's place atop the world monetary system

Congress Continues Its Quest to Erode the Dollar’s Reserve Currency Status

Judging by the behavior of politicians in Washington you would think that the United States is a country ascendant, with decades of rapid growth ahead of it and ready to take its place on the world stage as a leading nation. Instead the US is an empire in decline, living off its past glory, riven by internal divisions, and with no concept of how to reclaim its vibrant economic growth. Year by year the government continues to enact more [...]


Will Appointment of Gold Standard Proponent Herman Cain Influence Gold’s Price?

President Trump recently appointed former Republican Presidential candidate Herman Cain to the last open slot on the Federal Reserve’s Board of Governors. But while most people remember Cain as the former CEO of Godfather’s pizza and the developer of the 9-9-9 Plan (9% personal income tax, 9% federal sales tax, 9% corporate income tax), far fewer people remember that he was once the chairman of the board of the Federal Reserve Bank of Kansas City. In fact, Cain was involved [...]


With the Dow Jones Just Off Record Highs, How Long Do Markets Have to Run?

Investors have seen unprecedented behavior in stock markets over the past three years, with a massive bull run resulting in two different stock market highs and the Dow Jones getting awfully close to a third top. But the Dow can’t seem to break above the 27,000-point barrier, which indicates that we’re at a market peak. If the Dow hasn’t broken above that level in the past year, it’s not likely that it will ever break through, at least not [...]

Are you prepared for the retirement crisis?

There’s a Retirement Crisis in America: How Do You Stack Up?

How much money has the median American workers saved up for retirement? If you answered zero, you’re correct. You may read articles saying that the average American has about $200,000 saved up in a retirement account, or that the average 55-64-year-old household has $374,000 in retirement savings, but those figures are often reporting the average, or mean. Those numbers end up being skewed higher due to a small number of investors with a huge amount of savings. The median, [...]

Gold demand has increased dramatically

Gold and Silver Demand Has Quadrupled Over the Past Decade

The law of supply and demand is a cornerstone of economics that helps explain today’s rise in silver demand. If the supply of a good decreases, prices for that good will rise. If the supply increases, prices will fall. Conversely, if demand for a good decreases then prices will fall. If demand increases, prices will rise.  When looking at gold, silver, and other precious metals, analysts often look at demand for them to get an idea for whether prices will rise or fall. The statistics about demand [...]