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There’s a money printing party going on and the entire world is invited.
EU just approved a $2.1 trillion budget. Bank of England added an additional $131.2 billion in asset purchases on June and our very own Feds announced on Wednesday that it would keep lending until the end of the year instead of ending it in September.
October 19, 1987. 33 years ago. It was ugly. It was one of the worst trading days in history. The Dow and the S&P both lost more than 20% in a single session. It was tagged the Black Monday.
Elections. Inflation. Wildfire. Earthquake. Pandemic. International tension. We are starting to get a lot of calls from clients asking for suggestions on what to do with their investment to make sure they weather these economic, political, and natural disasters.
The beauty industry has always been touted as the one industry that’s recession-proof. And you know what? That makes sense from the most basic of human psychology. When things are bad and you can’t do anything about it, you turn to the one thing you can control, yourself.
SINCE THE DAYS OF THE ancients, gold has been a symbol of wealth.
Kings, queens, emperors, rulers, and celebrities continue to use gold as a symbol of fortune and glamor.
Perhaps it is this precise use that’s turning people away from gold investments. Even while billionaires, the latest of which is Buffett, show their faith in gold, many are still doubting it.