The ultra-high unemployment from April may seem like a distant memory, but unfortunately for many, it is all too much of a bitter present. Too many Americans across our country are still jobless and facing bleak employment prospects. The national unemployment rate is still far above where it was in February. In February, the nation’s…
After the Federal Reserve’s latest policy meeting, Chairman Jerome Powell stayed consistent with his previous statements. He continued to advocate for more stimulus from Congress. He reiterated the Fed’s pledge to keep interest rates in the current near-zero range. Yet, Powell not only emphasized the Fed’s motivation to do more, but he also deliberately left…
One week from today, we should know which direction the country has chosen for the next four years. Until then, our clients have been clamoring for physical gold like never before. Whether they are looking into rolling over an IRA, transferring a 401(k), moving out of cryptocurrency, or just adding to an existing diversified position…
The view of precious metals as a necessary asset to help diversify a heathy portfolio is popular among seasoned professionals in the financial sector. Looking at their reasoning can give us valuable insights on a modern portfolio. Financial institutions such as UBS and Citigroup have recommended gold recently. In September of this year, the regional…
Retirement has become more complicated in today’s world. Traditional retirement safe havens aren’t what they once were. Dollars and Treasurys, mainstays of any retiree’s portfolio, have been dealt a blow that can diminish their power over time. The U.S. budget deficit for fiscal 2020 was a massive $3.1 trillion. According to the Congressional Budget Office,…
The dollar has recently been losing ground on the international stage. While a “rush for cash” is a frequent event during financial crises, this year’s fallout has proven to be different. Central banks across the world typically see the dollar as a safe haven worth holding in a crisis—but they appear to be doing so…
The stock market may dominate the headlines these days, but it is not the only important part of the economy to track. Debt has been rising on a number of fronts across the nation. The influence of this debt should be considered when assessing the overall financial landscape. The most prominent of these debts may…
Don’t expect to see high interest rates anytime soon. After slashing the rates to near zero back in March, the Federal Reserve has emphasized repeatedly that it is in no rush to raise them anytime soon. While forecasts that it would take a while to raise the rates are not new, the timeline as to…
Near the beginning of September, equity markets were riding high at new peaks, and March’s crash seemed like a distant memory. Then fortunes changed, and the stock market experienced a harsh series of corrections. Both The Wall Street Journal and MarketWatch report that the NASDAQ’s three-day 10% drop, which began on September 3, 2020, was…
Retirement. For many, it is the final prize after a life of hard work. People get a retirement date in mind a few years in advance. They draw up plans as to what hobbies they’ll finally indulge in with their newfound time and where they’ll live. They monitor their nest egg cautiously, watching with a…
A recent decision by the Federal Reserve may have long-reaching consequences on the power of American currency. For decades, one of the monetary policy goals of the Federal Reserve has been to try to contain inflation. After a period of high inflation beginning in the mid-1960s, the Federal Reserve famously made reducing inflation its primary…
Warren Buffett, the financial genius known as “the Oracle of Omaha” and CEO of Berkshire Hathaway, used to feel reluctant toward gold. For decades, he has advocated holding stocks for better growth potential over holding other assets. He has yet to publicly make any statements in favor of gold. In light of these views, some…
