If you see bumps in the road ahead, it’s best to prepare yourself for what’s to come. Right now, for example, we’re seeing signs of inflation continuing to speed up. On May 12, 2021, CBNC reported that “inflation accelerated at its fastest pace in more than 12 years for April.” That same day, gold prices…
“Diversification” is a term that is thrown around a lot in the worlds of personal finance and precious metals. For example: In a March 30, 2021 article for Morningstar, certified financial analyst Amy C. Arnott writes, “Diversification has often been called the only free lunch” in the world of asset management. Sounds great (who doesn’t…
There’s hope for the future—but we’ll need the tools to get there. Gallup’s Economic Confidence Index, which combines Americans’ impressions of both current and future economic conditions in a theoretical range of -100 to +100, went from +41 in February 2020 to -13 in February 2021. That doesn’t invite great confidence, but change is in…
On April 8, 2021, Federal Reserve Chair Jerome Powell said that a full reopening of our economy may be coming soon. But at the same time, he gave a warning: “It’s important to remember we’re not going back to the same economy,” he said. “This will be a different economy.” But how “different” will…
Gold holds a special place in a portfolio—one that cannot be replaced by other major assets. Recently I looked at three asset classes which are frequently in the news and compared them to gold. By doing this, we can see how gold inhabits a unique niche in a portfolio, and is often able to…
Wall Street is abuzz with the Biden administration’s new proposed corporate tax hike. As they plan a new infrastructure bill that could cost roughly $2.3 trillion over eight years, the administration has focused on fresh tax increases on corporations. The proposed plan would raise the corporate tax rate from 21% to 28%. This…
The beginning of spring marks a traditional time to tackle ambitious projects like cleaning out the attic or organizing the junk drawer. However, as this new spring begins, I’ve been thinking. Why stop at just projects around the house? Spring cleaning can go beyond just your living space why not apply the same ethos to…
With the passage of the American Rescue Plan, the Biden administration turns its sights on a new target: taxes. On March 15, 2021, Bloomberg first reported that the Biden administration is planning a range of tax increases “to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill.” On March…
Tax season is upon us again. This year is different for many people because of the economic impact and financial challenges resulting from the ongoing pandemic. Just yesterday, Bloomberg reported that the IRS is planning to delay this year’s tax-filing deadline by one month. This gives taxpayers until May 17 to navigate their tax plans.…
Anyone who has paid attention to the precious metals market recently knows that gold has faced some price pressure in response to fresh signs of an economic recovery. However, seasoned market watchers likely see this latest price dip as a buying opportunity for the long term. Gold has a history of “bouncing back.” Throughout…
In a two-day testimony in front of Congress last week, Federal Reserve Chairman Jerome Powell downplayed inflation concerns that are troubling many in the market. The rapidly rising yield of the 10-year Treasury note and rising asset prices are fueling many of these concerns. The yield on the 10-year Treasury rose 58 basis points…
Every American should pay careful attention to the magnitude of the country’s national debt problem. Federal debt is continuing to reach new highs and could quickly grow out of control. The Congressional Budget Office (CBO) has recently projected two gloomy outlooks for the size of the federal debt. On February 11, 2021, the CBO…
