Countries Are Buying Gold to Escape the U.S. Dollar
Gold has been enjoying a strong 2019 so far, and if anybody’s wondering if there’s still gas in the tank, all you need to do is look abroad and check the holdings of other countries. Major world powers are accumulating gold in record quantities, and dollar bulls are...
Investors are Betting on E-Scooters and Micromobilty in the RideShare Economy
This is a guest contributor article. Overnight, an infestation descended on city streets. It was a swarm. What was once a benign child’s toy suddenly became a civic scourge. Or, if you happened to likeriding one of these electric scooters — which is basically a...
No Money, Mo’ Problems: One-fourth of U.S. Households Are Unbanked or Underbanked
In yet another sign that the American middle class is being phased out, the latest biennial FDIC National Survey of Unbanked and Underbanked Households revealed a startling trend: more and more Americans are excluded from the traditional banking system, exposing them...
20K Instead of 180K: Disappointing Jobs Report Underscores Economic Potholes
To say that the U.S. economy might be “cooling” is a typical mainstream media euphemism that we only see when the situation is getting desperate. And with 20,000 jobs added in February instead of the expected 180,000, the economy is beyond “cooling”: it’s ice-cold and...
Back to Bizarr-o Land: We’re Now Seeing Negative Interest Rates Again
Now that Jerome Powell’s brief foray into interest rate normalization has been abandoned like last week’s trash, the hope of rational central bank policy and a return to the days of Paul Volcker and fiscal discipline are, sadly, dead and gone. Sure, we can dream, but...
Core Money: Gold and Silver’s Value Universe
I personally own precious metals because it's the sensible thing to do. With the national debts of all modern nations, from Australia to Japan, the entire continent of Europe, Canada, and the granddaddy of all debtor nations, my native U.S. of A. ballooning into the tens of trillions, it's not even an option to have only fiat digits in your asset portfolio. Educate yourself on the all-important attributes of precious metals investments!