In 2014, a major scandal rocked the global financial markets when it was revealed that Barclays Capital manipulated gold prices. The UK’s Financial Conduct Authority (FCA) fined the investment bank £26 million ($43.8 million USD) following an investigation into the…
In 2023, the demand for gold surged to unprecedented levels, driven by persistent geopolitical tensions and economic uncertainties that drove capital flight into safe-haven assets. According to the World Gold Council, total gold demand reached 4,899 tons, surpassing the previous…
Key Insights On October 27, 2023, the price of gold soared above $2,000 per gram for the first time since May. Amid rising tensions in the Middle East and international concerns of a regional spillover outside of Israel and Gaza,…
As fears mount that the Federal Reserve will hold interest rates at generational highs into 2024, 30-year Treasury bonds have surpassed 5% yields for the first time since 2007. It’s been called the “worst bond bear market” in history. The…
On August 22, 2023, world leaders representing a coalition of emerging economies—Brazil, Russia, India, China, and South Africa (“BRICS”)—convened in Johannesburg to discuss a variety of issues that will set the stage for a new global economy. Purported to represent…
Starting next year, the SECURE 2.0 Act will change how Americans save for their retirement. The bill was signed into law on January 3, 2022, as part of an omnibus budget bill. Thanks to certain provisions contained within it, higher-income…
This article was updated on July 26 at 3:00 p.m. EST to include new information following the FOMC’s post-meeting press conference. The Federal Open Market Committee (FOMC) gathered for the fifth time this year on Tuesday, July 25th, 2023, lasting…
On September 1, 2023, America’s approximately $1.8 trillion in student loan debt will resume accruing interest, adding fuel to an already out-of-control liability fire. The result? Millions of young Americans will, on average, have an extra $503 monthly payment to…
An investigation by the Swiss newspaper Wochenzeitung suggests that Switzerland might be aiding Russia’s economic recovery by importing large quantities of gold from Moscow. Since the onset of the war in Ukraine, approximately 75 tons of Russian gold, valued at…
What should you do to be financially prepared to survive a future recession? Many economists and market analysts see a recession looming in the near future. If their predictions are right, then it’s a good idea to take steps now…
On June 5, 2023, the U.S. Congress is due to pass key legislation to raise or suspend the federal government’s ability to borrow money. If the deadline passes without a resolution, one of two things will happen: a federal government…
The American Institute for Economic Research just declared that “dedollarization has begun.” The post-Bretton Woods economic order, in which international trade is settled in fiat U.S. dollars, may be in the early stages of being upended as new trade alliances…
With central banks continuing last year’s record-breaking gold buying spree into 2023, some lawmakers are considering using physical gold and silver to protect their state’s coffers. On March 3, 2023, the Idaho State House of Representatives approved House Bill 180…
We’ve been hearing a lot of OPEC news recently, but what are the ramifications? OPEC+ had their scheduled meeting in Vienna, Austria on October 5th, 2022, to agree on production quotas. What impact will production cuts have? We’ll get into…
When considering housing market news, you should always look at the hard statistics. Various institutions provide hard data on home sales, new constructions, and mortgage rates among others. We are going to have a look at what news has been…
We have seen a lot of talk recently about inflation and recession. But what are the factors of inflation vs recession? We can certainly feel the negative effects of inflation on our pockets. And we keep hearing about a looming…
The question “Is crypto dead?” keeps cropping up again and again. Investors and traders are both wondering how long the current crypto winter will last, and if digital currencies will ever fully recover into a new bull trend. This isn’t…
We’ve accessed various accredited, verified, and recent data sources in order to provide the most accurate rankings possible of countries in order of gold held by the central government. Fair warning, however, that many reputable sources do not coincide with…
Key Takeaways: The U.S. economy added 315,000 jobs in August, down from 528,000 in July The August jobs report indicates we’re seeing a recovery of the labor market as more people are looking to take advantage of remote working opportunities…
What is the relationship between inflation and stock market? Let’s take a look at how inflation works and what it does to the economy and stock market. Then, we’ll look at what you can do to protect your portfolio from…
FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.
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