Forbes: Gold Bull Market to Last Until At Least 2030
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...
China Gearing Up for All-Out Trade War With United States
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...
Winning the Lottery Isn’t a Viable Retirement Plan
The past year has seen some really large and nearly record-breaking sums of money won in lotteries. From the $1.5 billion won in Mega Millions in October 2018 to the $768 million won in Powerball in March 2019, many Americans have gotten excited thinking about the things they could do with all that money. Yet despite all that wishful thinking,...
Gold Price Rises on Safe Haven Trading: How Much Further Will It Go?
With President Trump’s revelation that he intends to place tariffs on all imports of Chinese goods, markets went haywire earlier this week. While tariffs on existing imports are rising to 25%, all Chinese imports will soon be subject to punitive tariffs. That will raise the cost of living not just for American consumers but for American businesses as well....
Printing Money Out of Thin Air Costs You: Here’s How to Defend Yourself
The universal response of central banks around the world to the financial crisis was to create more money. Trillions of dollars worth of new money was created by the Federal Reserve System to respond to the financial crisis, with trillions more created by the European Central Bank, Bank of England, Bank of Japan, and other major world central banks. The...
Trump Tariff Escalation Risks Igniting Further Trade War
With President Trump’s decision on Friday to raise tariffs on $200 billion of Chinese imports from 10% to 25%, the stakes in the trade war with China just got higher. Trump’s move came while a Chinese delegation was in Washington negotiating a trade agreement, thus scuttling any chances of a successful resolution. China now feels like it has its...