News reports this week revealed that a confidential assessment by the Comptroller of the Currency—the OCC—a key U.S. bank regulator, found that 11 of the 22 biggest banks it oversees lack a full understanding of major risks they face. These 22 banks are a “Who’s Who” of major financial institutions serving the U.S. market and include:...
Originally Published November 3, 2022 Reading financial headlines is an important part of my job as CEO of U.S. Money Reserve. Not only do I need to stay as informed as possible, but every once in a while, I come across something truly fascinating that I’m then able to pass along to the rest of the company as well as our clients. For...
Originally published in 2016 Currency devaluations. Negative interest rates. Minimal economic growth. During such turbulent times, how can diligent wealth-holders safeguard their earnings? Learn more about the benefits and disadvantages to holding cash over gold to make the best decision for your portfolio. Benefits to Holding Cash In...
While politics is at the forefront of everyone’s minds recently, events that can’t be ignored are unfolding in the markets as well. The recent turmoil in stocks last week has shown that the current market cycle is vulnerable to heading into a correction. The technology sector has been experiencing extreme...
Imagine a world in which the modern conveniences we largely take for granted in our daily lives—electricity, water, gas, online banking and shopping, and healthcare services—all come to a sudden, grinding halt. The consequences would be life-altering and potentially catastrophic. And if China and Russia make good on hostile threats,...
Over the last nine months, gold has rallied by $600 per ounce. That’s a 33% increase in only nine months. Over that time, prices have repeatedly jumped on news, or speculation, that inflation was falling or that the Federal Reserve would soon cut interest rates. This pattern was repeated on July 11, when inflation data...
A recession can be foreshadowed by many symptoms, such as falling stocks or closing businesses. Lately, though, one particular recession indicator has caught my attention: employment numbers. In the last couple of weeks, we’ve seen a rash of employment data released that means lagging employment numbers could be the first domino to fall...
Did you know? While we celebrate July 4, 1776, as the birth of our nation, it was actually two days earlier, on July 2, that the Second Continental Congress voted to adopt a resolution for independence—one that was originally put forth on June 7! July 4, 1776, is the day the Congress approved the wording of the Declaration of...
On June 12, 2024, Federal Reserve officials announced that the central bank had not yet seen enough progress on the inflation front to cut interest rates, and they lowered their projections for the number of rate cuts this year from two to one. This was big news because only a few months ago, expectations were for three cuts in 2024....
In less than one month, an entire network of hospitals—140 facilities in 19 states—was compromised by hackers. It was revealed that healthcare provider Ascension, which ran this network of hospitals, became the victim of a ransomware attack on May 8, 2024. The attack prevented nurses and other healthcare workers from accessing patient...
You bought gold and silver to help keep your family financially safer in times of turmoil. But now it’s up to you to safeguard your bars and coins until that time comes, which could be in 10 days, 10 years, or some time far in the future. How you store your precious metals will determine many things, particularly your peace of mind....
You’ve probably wondered how much gold is left in the world, but have you ever wondered how much gold there is beyond our world? As it turns out, there’s a giant asteroid that contains enough gold and other metals to make everyone on Earth a multibillionaire. And NASA uses gold to protect spacecraft from radiation. With all the gold out...
