With the recent rise in precious metals prices to record levels in Dollar terms. Where does the price of gold go from here?
On the surface it may sound encouraging to cash-strapped Americans that more currency is being created on their behalf.
But why Gold? Why would an individual or government want to hold Gold as a safety net for troubled times? You cannot eat Gold, in the same way you cannot eat currency, nor a stack of Treasury Bills. But Gold can help make sure you can eat later. Or in the case of government, can help ensure you can purchase whatever goods and services your populace may need later.
As 2020 progresses, the anticipation of a possible change in the U.S. Presidency will have an increasing effect on precious metals prices.
In the economic recesses of my mind, I recall a lecture by a university economics professor about “opportunity cost”. There is a cost to purchasing and owning something that goes beyond the purchase price.
Most of us are familiar with the $22 Trillion national debt that politicians of all stripes talk about, and which we mentioned earlier here.
While many Americans are counting the days until spring training begins for baseball season, a more ominous season is already upon us.
In response to China's‚ unfair trade practices, Trump continued his trade war with China, slapping on a 3rd wave of tariffs, an additional 10%.
If you share the same sentiments as many economic watchdogs that are seeing signs of an upcoming recession, what can you do to protect your investments?
Perhaps the tariff and trade issue came to the surface when it did, as a response to the Chinese oil contract going live.