Yearly Archives - 2019

Theresa May’s Resignation: Bad for Britain, Good for Gold?

The resignation of British Prime Minister Theresa May has thrown the UK into turmoil. In the midst of trying to exit the European Union, the country now has to select a new Prime Minister to lead the Brexit process. With the British public continuing to support Brexit in large numbers, it appears that Brexit is a done deal. The only question is, how will it occur? May was unable to get Parliament to agree to the deal she had negotiated [...]

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Weak US Labor Market Belies Narrative of Booming Economy

To hear the financial media tell it, the US economy is going great. There are more job openings than unemployed people, companies are falling all over themselves trying to find workers, and the future is bright. But behind the headline numbers, the labor market is showing serious signs of weakness. That weakness is the result of severe structural issues that will be difficult to overcome. Everyone looks at the headline U-3 number when looking for the unemployment rate. But because [...]

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Are You Prepared for Sudden Job Loss… Or Worse?

Millions of Americans have dreams of retiring and living the life they’ve always wanted to. But many of their plans rely on everything to happen absolutely perfectly in order for those dreams to be fulfilled. If anything should go wrong, their dreams will end up dashed to pieces. Even the best-laid plans, those in which investors save more than necessary, make the right investments, and seem to be on the right track to retiring comfortably, can be upended by unforeseen [...]

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Gold as a Defense Against Financial Transaction Taxes

You may have heard about Bernie Sanders’ latest idea to raise money. As part of his campaign for President he is floating the idea of taxing various financial transactions in order to raise money for the federal government. The money raised would be earmarked to fund free college tuition and reduce student debt levels that continue to climb. The tax rates Sanders has floated are 0.5% for stock trades, 0.1% for bonds, and 0.005% for derivatives. It’s somewhat ironic that [...]

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Household Debt Continues to Grow as Americans Open Up Their Wallets

The economy may be on the verge of another financial crisis but based on American households’ financial holdings you’d be hard pressed to see it. Americans remain so bullish about the US economy and its prospects that they continue to take on massive amounts of debt. Overall household debt in the US has expanded to nearly $13.7 trillion, nearly a trillion dollars more than its previous all-time high in 2008, as Americans continue to take out mortgages, auto loans, [...]

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Is There Really Such a Thing as a Gold Bug?

If you’ve ever read any commentary about investing in gold you’ve probably come across the term “gold bug.” It’s a derogatory term used mainly by mainstream financial commentators to denigrate those who understand the importance of gold to a well-rounded investment portfolio. But is there really such a thing as a gold bug? The term gold bug is used in a derogatory manner to invoke associations with being old-fashioned or behind the times. The mainstream financial press has bought into [...]

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Don’t Sacrifice Your Retirement for Your Children

Those of us who are parents want to do everything we can to give our children the best start to life possible. From the time they’re infants, through high school and college, and into early adulthood, parents always want to be there to support their children. But an increasing number of Americans are going too far, destroying their ability to retire by being too financially generous with their children. It’s understandable that parents want to give their children a little [...]

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Here Are the Trends Driving the Gold Price

Gold’s price, like the price of any other asset, is driven by issues of supply and demand. Increases in supply lead to price drops, while increases in demand lead to price increases. With the mining sector facing increasing difficulty in discovering new gold deposits, and with economic headwinds encouraging more and more investors to get into gold as a safe haven investment asset, all signs are pointing to gold increasing in price over the rest of the year. Gold demand [...]

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