Despite predictions to the contrary—that inflation would ease—inflation has remained elevated as measured by gauges like the Consumer Price Index (CPI). “Inflation has not just stalled, but it is moving in the wrong direction.” —Lisa Sturtevant, chief economist at Bright MLS How does this higher-than-expected level...
The historic rally in gold prices has led to a series of new all-time highs. According to reports by Barron’s and The Wall Street Journal, gold’s rally has even outpaced the growth of more traditional asset classes. “Remarkably, gold has outperformed the S&P 500 since the start of 2022, when the Fed started...
Both the Congressional Budget Office (CBO) and the Committee for a Responsible Budget (CFRB) have warned that the massive growth of government debt could have dire consequences for the economy. “We are headed toward record spending levels, record deficit levels, record debt levels, record interest payments—the list...
After months of record-breaking performances, gold prices rose above $2,200/oz. for the first time in history on March 20, 2024—and have continued to achieve new all-time highs. “Spot gold’s daily closing chart shows that an acceleration is underway already. Gold broke out of a four-year consolidation and just...
One year after the failure of Silicon Valley Bank, both Federal Reserve Chairman Jerome Powell and former FDIC Chair Sheila Bair have warned that more bank failures are likely. “This is a problem we’ll be working on for years more, I’m sure. There will be bank failures” —Federal Reserve Chairman Jerome Powell,...
Gold prices rallied to an all-time high on March 5, 2024, breaking previous records set in December 2023. In the weeks since, gold has climbed even higher. “We only have a narrow group of assets investors can really call safe havens, and gold is number one amongst them.” —James Steel, precious metals analyst at HSBC...
FBI director Christopher Wray recently testified before Congress that Chinese hackers are preparing to attack U.S. infrastructure. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if and when China decides the...
MARKET ALERT: As forecasted by U.S. Money Reserve, gold prices have reached new record highs, rising above $2,140/oz. in intraday trading on March 5, 2024. As of this post, trading is still ongoing, so call your Account Executive today to lock in your price before gold soars even higher! At the end of 2023, gold...
Economic turmoil in China has fueled an increased appetite for gold among consumers in one the world’s largest economies as other assets like stocks and real estate struggle. ““[Consumers] are naturally moving to relatively conservative assets like gold. The outlook for Chinese property and stocks is very weak.”...
Fresh off a year where intense demand drove the price of gold to an all-time high, the precious metal continues to see strong support, with banks such as UBS and JP Morgan Chase predicting new record highs. “The biggest drivers of gold demand in 2023 were the Russia-Ukraine war and Israel-Hamas conflict as well as...
Every four years, our presidential election takes center stage on news coverage and in people’s minds. Some portfolio owners will even wait until after the election before making major financial decisions. “Elections may seem like a big deal at the moment, but historically have had little bearing on what path the...
Layoffs increased in 2023, with companies cutting more than 720,000 jobs. This trend appears to be continuing into 2024, with major companies such as Amazon, Citigroup, UPS, and Salesforce each announcing hundreds or even thousands of layoffs. “Labor costs are high. Employers are still extremely cautious and in...
