There is a move by governments to move all financial transactions to the digital world. The first step in that direction is to ban cash. More specifically, to ban high denomination banknotes. To that end, the European Central Bank is talking about phasing out the 500 euro note. And former US Treasury Secretary, Larry Summers, …
As I sit down and write this post, Ukraine is on the brink of war. It’s unclear whether this will be a civil war, or will involve Russian troops crossing the border and invading Ukraine itself. But one thing is clear: the government of Ukraine is doing what every other country has done under similar …
When you invest money there is usually a reasonable upside and a huge downside. Just ask anyone who invested their savings in Enron or with Bernie Madoff. Yes, those are extreme examples. But there are thousands of other cases where honest people invested their savings in the hope of a reasonable growth in their savings, …
Owning gold is all about protecting yourself and your wealth. It’s the money you keep outside of the banking system and out of reach of Wall Street. It’s about planning for the future and avoiding risk. It’s about coming out on top in the event of a catastrophic social or economic event. To achieve this …
While I always remain skeptical about the opinions of gold experts, I do take notice when a few of the more notable gold buyers start stocking up on my favorite metal. Over the last few days I have read a number of stories about well-known investors buying more gold. John Paulson and George Soros have …
