We’ve been in recession since February apparently, ending the longest economic expansion in American history. The economy collapsed so rapidly that the National Bureau of Economic Research wasted no time in announcing a recession, a stark contrast to previous downturns when the body took upwards of a year to declare what most people already knew.
Warren Buffett has long been critical of gold as an investment. He once said it “has no utility” and that the “magical metal” is no match for “American mettle.” He also said, “Anyone watching from Mars would be scratching their head”, over how we value gold, but he just acquired nearly 21 million shares of Barrick Gold worth $563 million.
Times are tough. People are losing their jobs. Businesses are closing down and that’s precisely the reason you shouldn’t pull your money from your retirement accounts. Pulling out your money early might mean a penalty.
Can the digital Chinese yuan destabilize the U.S. dollar? China’s rollout of the digital yuan has set the global finance community abuzz.
With gold hitting an all time high, many of our investors are asking for some financial guidance in case gold hits $5,000… or $10,000. What if Silver surpasses $50 and reaches 3 digits?
The U.S. Energy Information Administration confirmed over a year ago that the US is the world’s biggest oil producer. Yet, in 2019, we imported about 9.10 million barrels per day (MMb/d) of petroleum from nearly 90 countries.
By now, we’ve all heard it. It is starting to sound like a broken record. The coronavirus, inflation, unemployment, international political tension and the economic crash are pushing Gold towards $3000 and Silver to $50 while some say over $100 in as short as 3 years.
Bitcoin has been hovering around the 11,000 mark for some time now but many experts aren’t too excited about it getting to $12000. They think it’s a given. $15,000 is what they think to be the next.
If you’re struggling with lost work or other financial stressors, it’s worth considering how you can adapt your professional skill set and investment strategies to adapt.
A recurrent theme over the last couple of years, in financial circles, has been the imminent collapse of the dollar. Everyone has a theory as to why this is going to happen.