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First, they said gold would never hit $3000/oz. Then analysts tacitly entertained the $4000/oz benchmark. Now, both Bank of America and Societe Generale expect gold to reach $5,000/oz next year. Today, the world’s most recognizable symbol of wealth is approaching $4200/oz. It is up over 56% year-to-date and about 68% over the last three years. Gold … Read more

Gold futures rocketed past $4000/oz on Tuesday, the highest price ever recorded for the precious metal. The relentless price rally comes amid the recent government shut down which shows no sign of ending anytime soon and reflects increasing concerns about the strength of the U.S. economy. Gold’s record-breaking run is being fueled by several hot … Read more

America’s Debt Mess US National Debt just surpassed $37.5 trillion dollars. It is not only at an historic level; it has reached a dangerous threshold. According to Pew Research, our debt is “considerably bigger” than the size of the entire American economy which was $30.3 trillion at the end of Q2 (June 30th). At the … Read more

“The inability to predict outliers implies the inability to predict the course of history” ― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable What is a Black Swan Event? A black swan is a metaphor for a rare, unpredictable and often catastrophic event. According to Britannica, all swans are presumed to be white, … Read more

When financial experts talk about investing in precious metals, they’re typically referencing gold, silver, platinum, and palladium. These are all considered investment metals and are permissible in a self-directed IRA, which is a special retirement account designed to hold alternative assets that are not typically allowed in a traditional IRA. Precious Metals have become an … Read more

It seems that the mere mention of rate cuts, Fed easing, or a lower Federal Fund rate has a direct correlation and an almost immediate impact on gold prices. So, when optimism for rate cuts rises, the price of gold climbs right alongside it. Currently, the Chicago Mercantile Exchange’s (CME) FedWatch tool[1] has the odds … Read more

Gold just eclipsed $3500/oz, hitting another record high. Those of us who have been saying that gold’s price triggers remain firmly in place are feeling a bit validated. Gold is up almost 35% year-to-date and more than 86% over the last five years. These are astonishing numbers for a commodity that is often written off … Read more

It appears that the Fed is about to embark on a series of interest rate cuts. According to the CME FedWatch tool, the odds of a rate cut next month are almost 90%.[1] That, of course, is not only good for gold — it’s good for consumers because it lowers borrowing costs particularly on things … Read more

Gold and bitcoin are powerful alternative assets. Neither is controlled by any governmental entity, both are in finite supply, provide inflation protection, and portfolio diversification. And while both assets are both having a very good year — the similarities stop there. Gold is Something You Can Hold Perhaps the main difference between gold and all … Read more

There has been a dramatic evolution in how we pay for things — from writing checks, to swiping cards, to tapping chips — we’ve moved from bank drafts, to credit cards, to digital wallets. Money is no longer what it used to be; it has gone from physical to intangible, from real value to representative … Read more