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...
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...
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...
Original article and video published on CNBC.com 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...
Original article written by Heather Farmbrough and published on Forbes.com on January 16, 2019. One of the reasons gold is so highly recommended as an asset is because of its international appeal. Investors around the world flock to gold as a safe haven asset, which provides a constant prop to gold’s price. Now that the UK is potentially going to exercise...
Original article written by Frank Holmes and published January 14, 2019 on Forbes.com. One of the reasons we recommend gold as an investment in times of financial turmoil is because of its countercyclical nature – gold tends to gain in value when stocks lose value. Only now that stock markets are starting to show signs of weakness is the mainstream...
We’ve been saying for years that the US dollar will eventually be replaced as the world’s reserve currency. But it’s only now that world financial authorities are admitting the obvious. With the dollar having lost 85% of its value since the gold window was closed in 1971, it continues to lose purchasing power year after year as the Federal Reserve...
Russia has announced its decision to forgo use of the US dollar in response to US sanctions against the country. While the Russian government would prefer not to have to take that measure, it feels that it has no option, seeing what has happened to Iran and not wishing to be cut off from world financial markets if it...
In a worrying sign for the fiscal health of American households, debt levels continue to increase. Levels of credit card debt have increased 8% from last year, rising to a total of $905 billion. That works out to an average of over $15,000 in credit card debt per household. While that figure is alarming, it pales in comparison to other...
The government shutdown drama has come to an end… for the next two weeks. Kicking the can down the road yet again, Congress has authorized a two-week spending bill, meaning that come December 22nd this whole mess will be back in the headlines yet again. The thinking behind a two-week bill is that having a deadline so close to...