When news of gold’s new all-time high broke on December 1, 2023, it carried a special significance for me. Not just because I work in the precious metals industry—like millions of other Americans, I also keep a portion of my portfolio allocated to physical gold. Naturally, gold’s recent rally has earned a lot of news coverage, but a...
After nearly three years of stubbornly high inflation, the rate of price increases in the United States finally appears to be slowing down. U.S. Consumer Price Index data for October 2023 shows an overall 3.2% increase in prices year-over-year and no increase for September 2023. Two major spending categories—energy (-4.5%) and used...
In the past week, gold has eclipsed its previous all-time record high price, and analysts are expecting that rise to continue into 2024 as geopolitical tensions and concerns over interest rates help boost gold’s appeal. For those of us who have already made the move to add physical gold to our portfolios, this is a chance to pat...
It is no great secret that America is getting older. The birth rate in the U.S. has fallen by more than half since the early 1960s. Typical life expectancy in the U.S. has increased by about a decade over the same span. The last members of the Baby Boomer generation, which totals more than 75 million people, will hit their 60s starting...
Tax season is a great reminder to review your retirement savings strategies and make changes that will enhance your prospects for long-term financial security. It's also a good time to start an Individual Retirement Account (IRA) if you don't already have one. The question is, what kind of IRA should you open? What Are Self Directed...
After weeks of upward momentum, the price of gold broke through the $2,000/oz. price level on Friday, November 24, 2023. Gold’s price at the time of this writing—$2,040/oz.—brings gold close to its all-time high of $2,072.50/oz, set in August 2020. To some, this may appear to be a high watermark for the precious metal. The $2,000/oz....
Most people have heard of an IRA, or individual retirement account. However, many people are surprised by the number of types of IRAs that exist, as well as the number of strategies they can utilize to maximize their retirement savings. One such retirement savings strategy is known as a “backdoor Roth IRA.” A backdoor Roth IRA may be a...
When you choose to work with U.S. Money Reserve, you become more than a client. We work to get to know you, your financial goals, and even your family. Whether you’re working to build a lasting financial legacy, secure a more comfortable retirement, or protect your wealth against future volatility, you need a partner you can rely...
In past editions of “Gold News & Views,” I’ve discussed why I think we should be paying close attention to central banks and their increased demand for gold. In short, a small number of central banks have been buying vast quantities of gold. This may suggest that nations are trying to further diversify their assets, but if we look...
Whenever I speak with the veterans who work here at U.S. Money Reserve, I’m filled with gratitude. To hear someone talk repeatedly about placing their life in danger or being injured in combat, only to turn around and do it all over again, is more humbling than I can put into words. We can say “thank you” until our throats run dry, but...
Gold has played a pivotal role in human societies for thousands of years. From its uses in jewelry and technology to serving as a monetary standard for major economies, gold has held multifaceted significance in history. Today, the appeal of physical gold endures, driven by its reputation as a hedge against economic volatility and a...
Consumer spending is one of the main drivers of our economy, but inflation and higher interest rates seem to be taking their toll. And while this may sound like exactly what the Federal Reserve is hoping for—less consumers borrowing and spending to help slow inflation—Americans are also reportedly starting to fall behind on payments and...
