With recent weakness in stock markets and uncertainty about the direction of the world economy due to the likelihood of a trade war, gold demand remains strong throughout the world. The reasons for that demand vary widely based on region, but no region is exempt. According to a recent Bloomberg interview with gold analyst Joshua Rotbart, some of the...
There seems to be no stopping the trade war that has ensued with President Trump’s decision to seek a better deal from the US’ trading partners. With 25% tariffs on Chinese imports set to go into effect, Trump recently shocked markets with his declaration of a new 5% tariff on all imports from Mexico. If Mexico fails to act...
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...
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...
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...
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...
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...
More and more people today understand that income inequality in the United States is growing. The top 1% keep getting richer and richer while the other 99% largely stagnate. The percentage of wealth owned by the richest grows larger and larger while the middle and lower classes are increasingly changing from owners to renters, unable to cope with the...
Investors who have been in gold markets for a while understand that the gold price is often quite cyclical. Like other markets, it can experience price rises and falls even while its overall trend is upward. Now an investing expert who called gold’s bear market has come out proclaiming that gold’s bull market has at least another decade to...
If President Trump thought that enacting tariffs on all imports of Chinese goods would bring China back to the negotiating table, he seriously and severely miscalculated. Not only did China retaliate by increasing tariffs on $60 billion worth of imports from the United States, but it also is digging in its heels and refusing to buckle. To hear Chinese...