From Peter Reagan
Whether the U.S. is technically in a recession right now is getting less and less debatable by the day. (You already know my thoughts on the matter.)
Now, even some members of the billionaire class are issuing dire warnings. For example, founder of Amazon Jeff Bezos (estimated net worth $120bn) just warned us not only that a recession is likely, but told us to “batten down the hatches.” Continue reading “Jeff Bezos Warns Americans to Brace for Imminent Crisis”
From Peter Reagan
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Buying gold in 2022, Switzerland has its hands full, and the U.S. Mint appears to be slacking.
Continue reading “Gold’s True Value Goes Beyond Its Price in Dollars”
An employee works at Nadezhda Metallurgical Plant of Nornickel company, the world’s leading nickel and palladium producer, in the Arctic city of Norilsk, Russia. Image via REUTERS/Tatyana Makeyeva
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Precious metals break out over Russia-Ukraine conflict, the three investments Mark Mobius likes in these times, and the shrinking of the safe-haven asset class.
Continue reading “Safe-Haven Gold Soars, but Not as High as This”
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold remains the best safe haven despite volatility, how geopolitical tensions are further compromising the bond market, and renowned money manager weighs in on new all-time highs for gold and silver.
Last week has been a volatility showcase that is rarely seen in the gold market. Russia’s invasion of Ukraine sent gold flying past its 2011 high and up to $1,976, the highest level in a year and a half. The very next day, gold posted considerable losses and ended Friday’s trading session around $1,890. This surge and immediate slump in prices frustrated and disappointed a lot of traders, but we should remember that, for most of us, buying gold is not a trade. It’s an investment.
Even so, there are many takeaways from these wild couple of days, and a few important reminders.
Continue reading “Russia, Ukraine Prove Gold Is Still the Best Safe Haven”
Since it isn’t likely that inflation will ease any time soon, we should prepare for “sticker shock” in the near future (unless you’re experiencing it already).
That’s because inflation robs you of buying power, stealthily, without actually changing the balance in your bank account. That’s true unless income rises faster than inflation. At least this preserves your buying power.
In another sense, though, we’ve already been robbed. A 7% pay raise should translate into 7% more buying power, 7% greater opportunities to experience the things you enjoy with your family. Or 7% more savings added to your nest egg.
If only that were the case.