David Stockman, who served as Ronald Reagan’s Budget Director 1980-1984, in this 23- minute video points out why the economy and stocks are headed for major downturns. Other nuggets gleaned from this video: ** Joy Rides never end well; ** World equities markets have topped $100 trillion; ** Earnings collapsed 30% in 2020, yet stocks
. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks at $1,400 each: $8,400; Two childcare credits at $3,600 each: $7,200; Two child credits at $3,000 each: $6,000; Total walking around
TAKE ADVANTAGE OF THIS OPPORTUNITY When I originally posted this, gold was at $1906 and silver $24.54. Now, they are at $1870 and $23.42, not big dips but slightly better buys. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident. * Under
. . . not in stocks but in gold and silver. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident.
It has been my delight to collaborate with Charles Goyette in writing The Last Gold Rush…Ever!, subtitled Seven Reasons for the Runaway Gold Market and How You Can Profit From It. Publication is set for October 27. The book can be pre-ordered on Amazon.
Our Founding Fathers knew of the evils paper money and warned against its issuance.
SPDR Gold Shares, an ETF that owns physical bullion rather than financial derivatives, has become one of the world’s biggest hoards of gold, surpassing even the holdings of some central banks.
Precious metals investors often use the gold-silver price ratio to decide which metal to buy. Known as the GSR, it is derived by dividing the price of gold by the price of silver.
Gold and silver prices have exploded. Gold’s up $390 since its March low, silver up $10.60. Silver’s gain is 87% versus gold’s 26%. This is what was supposed to happen being that the GSR (gold silver price ratio) topped 100. Silver has still more catching up to do.
Two days ago, Forbes ran an article about Senator Elizabeth Warren (Dem-MA) wants to cancel student debt in the next stimulus program. However, no where in the piece did the writer reveal how much student debt was outstanding.