The U.S. federal debt hit a sad milestone on November 22 that I hoped we’d never see… We are now all indebted to the tune of $19.9 trillion. Without a doubt, by the time President-elect Trump is sworn into office, we will face a national debt of $20 trillion. This is a figure double that … Read more

This week saw an abrupt hiccup in a stock market rally that has run since President-Elect Trump won the election. Yesterday, for the first time in two weeks: U.S. stocks fell off historical and record highs U.S. dollar traded at a four-week low U.S. inflation recorded its biggest increase in 6 months in October Gold … Read more

Bargain hunters are on the move this week, taking advantage of gold at a price we haven’t seen in five months. You may remember Goldman Sachs’ recent proclamation that gold below $1,250 per ounce was “a strategic buying opportunity.” Well, gold hit a low of $1,211 per ounce on Monday, prompting a wave of bargain … Read more

The people have spoken…and their choice for next President of the United States is Donald Trump. Our best wishes go out to our new President and his whole administration to safeguard and lead our precious America forward. I votedAround the world, jaws dropped and markets fell. The stunning surprise of this political upset has sent … Read more

Today is a day we’ve all been waiting for with excitement… and some trepidation too. When the dust settles, we’ll have a new leader for the next four years who will face challenges no American President ever has before. What could be more quintessentially American than entering the ballot box, pulling the curtain and exercising … Read more

This year’s World Series contest between the Chicago Cubs and Cleveland Indians will surely go down in history as one of the most exciting ever. Still, this tension pales in comparison to the extreme national hyperventilation we are likely to witness over next week’s Presidential election. Last Friday, with a Democratic win seemingly clinched, the … Read more

Could your retirement be the next cybercrime casualty? Last Friday, online watchdogs were stunned to witness iron-clad websites like Twitter, Netflix and the Wall Street Journal shut down for hours in a massive cyberattack. The ill effects quickly rippled across the Internet to crush other popular sites such as CNN, HBO, Etsy, Spotify, Yelp and … Read more

With the stock market at nosebleed levels, analysts are sounding the alarm on paper assets. An article on MarketWatch.com today detailed the numerous red flags they see: A stock market moving too much, too fast Excessive bullishness by the financial media Temporary pullback in oil, gold, and emerging markets Interest rate hike around the corner … Read more

While the world is distracted by our increasingly rancorous election cycle, Wall Street analysts have begun breaking ranks and sounding an alarm for investors. Global Macro Investor founder Raoul Pal, who successfully predicted the 2008 crisis, now sees a U.S. recession within 12 months. “I’m not a gold bug,” said Pal, “but [gold] is the … Read more

Timing is everything, as the saying goes. It can be wise to take advantage of when gold prices take a break. This is true even if you primarily buy gold as a way of diversifying your retirement and protecting your wealth from disaster. Goldman Sachs believes that being diversified with gold is important, especially right … Read more

If you had to guess, what would you say has been the world’s most widely used currency for over 90 years? The U.S. dollar, of course. The dollar is instantly welcome all over the earth. Many governments hold a large portion of their reserves in dollars. Crude oil and many other commodities like gold and … Read more

Last night, in the most watched debate in history, Hillary Clinton and Donald Trump faced off with sharply opposed views on the economy, trade and national security. Anyone hoping for a quick knockout blow from one or the other was disappointed. However, there was a clear loser in last night’s debate: America’s financial system. On … Read more