No wonder investors are apprehensive about buying gold. Consider this headline on MarketWatch this morning: Gold struggles for direction after highest highest (sic) finish in nearly 8 years Gold is up $700 from its 2015 low of $1063. Yet, this writer asserts that “gold struggles for direction.” With gold’s price action over the last five
The government’s reaction to the coronavirus has caused financial problems of monumental proportions. With the shutdown of businesses and massive layoffs, states and municipalities suffered huge losses in revenue. Two-thirds of state revenues come from income taxes or sales taxes.
Over the past fifty years, if you lived in India, South Africa, China , or Turkey, there was not a single decade you lost money owing gold five decades in a row!