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Long ago, the U.S. had a gold standard. This meant people could exchange their dollars for a fixed amount of gold. If I have my way, I would like to reinstate the gold standard. Why? Because the gold standard is rigid… unbending… uncompromising.
There are different ways to own gold. You can buy gold and keep it in your home or a safe or wherever you may please. You can buy stocks of a mining company. There is also a gold ETF, gold futures, and gold IRA. So, how is one different from the other?
Precious metals have a fundamental problem the world over. For thousands of years, humans have sought the ores and minerals needed to extract materials that have been useful to them. These range from sand, through oil, to gold, aluminum, iron, and various other metals.
Now man has reached the point where finding natural resources has become much more complicated – all the low-hanging fruit has been picked.
Don Lutes, Jr., of Pittsfield, Massachusetts, found the bronze 1943 Lincoln cent in the change he was given at his school cafeteria in 1947. Lutes also got in touch with the Treasury Department about his find.
Their standard reply simply read: “In regard to your recent inquiry, please be informed that copper pennies were not struck in 1943.
Gold is a decoration and not much else. That’s another claim critics love to make about gold. Many investors insist on investing in something that people will use like phones and search engines. Gold, on the other hand, is primarily for jewelries, not exactly something you will prioritize when push comes to shove. Wrong.
Drones and Robots used to sound like concepts from Steven Spielberg and George Lucas’ minds. Now, not only is it ordinary to see flying cameras above you when walking in a park, these devices are already proving their potential as major contributors to business and everyday life. Covid-19 limits human contact and this is accelerating the adoption and development of robots and drones.
As we’ve seen over the last few years, in countries worldwide, and even in the recent US election, people are losing faith and trust in the forms of democracy that exist in voting and election systems. The same is true of financial fraud and the security of investments and money. Blockchain technology Is a 21st-century answer to this problem.
Federal Reserve Chair Jerome Powell said that the economic recovery remains uncertain as the COVID-19 pandemic spreads unabated. He said and I quote, “The outlook remains highly uncertain, in part because it depends on controlling the spread and effects of the virus. There is a risk that the rapid initial gains from reopening may transition to a longer than expected slog back to full recovery as some segments struggle with the pandemic’s continued fallout.”