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…
As the world of manufacturing rebounds from the bottoms hit in 2020, precious metals owners could stand to benefit from industrial applications stoking demand for the metals. Recently, one precious metal stood out from the rest with a recent price rally: platinum. Platinum prices have recently reached a 6-1/2-year high. While impressive on its…
The demand for physical precious metals ownership is surging. I have previously discussed several of the growing number of reasons for precious metals ownership, such as towering federal debt and owning gold as a hedge against stock market volatility. It makes sense that these reasons would lead to high levels of demand from informed members…
Financial security has increasingly been at the forefront of many Americans’ minds over the past year. Unexpected events and sustained economic damage have caught many people off guard. While recovery is percolating on many levels, there is still evidence of the damage done that has placed many people into precarious positions, which underscores the importance…
Did you benefit from Bitcoin’s recent success but are now concerned about the volatility of cryptocurrencies? If so, you are not alone. While the asset’s rise over the past few months has made headlines, the cryptocurrency has run into some notable trouble. Bitcoin has hit some rough and rowdy waters lately in trading. On…
Despite all my experience in the precious metals market, I still have times when I am surprised by market circumstances. This has been especially true lately, when massive gold demand unexpectedly hit the U.S. Mint. Gold entered 2021 coming from a fantastic 2020. It’s hard to understate the momentum gold began this year with.…
Two key events happened just before last year ended that should not be ignored, even if the news cycle has moved past them. The consequences and effects of these events will remain relevant and could have major outcomes for the dollar going forward. One of the two events was an announcement from the Federal Reserve.…
What will the new year bring us? It’s a natural question to ask, but not an easy one to answer. 2021 is starting off in the shadow of 2020. One of the most dramatic and unexpected years in history just ended. For some, it could be tempting to not want to look back on 2020.…
With President-elect Joe Biden ready to assume the Oval Office, many people speculate what impact a new presidency might have on precious metals prices. The price of gold has been rapidly rising over the past couple of years and breaking records, and could be heading for its best year since 2010. Will this pattern continue?…
For many people, “precious metals” typically means gold or silver. While both can be great additions to today’s portfolios, they are not the only ones to consider. Palladium, a silvery-white precious metal in the platinum family, has been making major headlines recently. Like gold, palladium achieved record highs in 2020. And according to analysts at…
Keeping track of the total amount of debt in the financial system is an important part of understanding the health of the economy. Debt can be divided into three major categories, and each has grown massively over the past year—and each has the ability to impact the economy. Consumer debt is at record levels. The…
How well are Americans prepared for retirement? It is a question that has been on my mind lately as I have spoken with many people who are unsure about their financial futures. The Federal Reserve has some interesting data on the matter that they released in May of this year. In their annual “Report on…
