It seems like news of the national debt reaching new highs has come so frequently that, for many, it’s become little more than background noise. But as our nation’s borrowing continues to expand at an alarming rate, we as informed Americans gain more opportunities to reexamine our own finances and decide how best to protect our wealth...
why buy gold
Recent why buy gold Articles
Considerations Before Buying Gold Online—From Gold Bullion Bars to Gold Coins and More
Today you can buy just about anything online, including precious metals like gold bullion bars and coins. However, buying gold online might not be as simple as other purchases you’ve made in the past. The process of buying gold may depend on the reason you’re purchasing gold coins and bars. But no matter how you plan to use the gold,...
These Were the Biggest Stories of 2023 for Gold. What Do They Mean for 2024?
Frequent readers of “Gold News & Views” know that I’m an astute watcher of financial and geopolitical news. If there’s a chance that a story or factor may impact gold prices, I want to know about it before anyone else so we can get that information out to our clients as quickly as possible. These final days of 2023 are no exception....
How the Federal Reserve’s Latest Decisions Turbo-Charged Gold
Following the Federal Reserve’s Federal Open Market Committee (FOMC) meeting on December 13, 2023, we received two main pieces of news: One was expected, and one may have come as a surprise. First, the Federal Reserve elected not to cut federal funds interest rates from their current range of 5.25%–5.5%. That’s the part of the meeting...
The Golden Cross: Technical Signal or Fool’s Gold?
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...
U.S. States Most Impacted by Inflation
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...
Consumers Are Digging Themselves Deeper Into Debt—And the Clock Is Ticking
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...
America’s Most Rapidly Aging Cities
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...
Roth IRA or Traditional IRA: Which Self-Directed IRA is Right For You?
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...
Gold Is Riding High, and It Might Just Be the Beginning
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....
What Is a Backdoor Roth IRA? Benefits, Conversion Limits, and Rules
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...
Happy Thanksgiving from America’s Gold Authority
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...