Saturday, August 17th, 2019 MST

Category: Uncategorized

Another gold recommendation

“Remember how much people loved gold back in 2011? I think it is time to love gold that much again.”  Jared Dillian 1/28/19, The Daily Dirtnap. Dillian’s guesses as to why gold recently topped $1300: *The Fed may back off on reducing its balance sheet, which would mean a looser monetary policy than previously anticipated;

A financial tsunami

There are a lot of reasons for buying gold and silver but none better than the financial tsunami that is about to wash over the federal budget as some 10,000 Baby Boomers turn 65 daily in the United States, swelling the rolls of Americans who depend on Social Security and Medicare. ______________ At some point,

A remarkable feat

Having sold gold and silver for more than 45 years, I’ve had the privilege of doing business with some remarkable people, whose names I’ve not mentioned, keeping their investment decisions private.  But, I have to note what a client did recently. He rode his bicycle — alone — from San Diego, CA to Jacksonville, FL

China: another reason to buy gold

China’s economy has been in decline most of this decade, and President Trump’s tariffs on China’s exports of goods to the US worsens China’s woes.  It’s stock market is down some 30% this year. China’s leaders are embracing standard Keynesian moves to ameliorate the situation, starting first with easier credit and expanded tax cuts.  Basically,

A Game of Chicken

With Wednesday’s increase in the fed funds rate to the 2.25% – 2.5% level, Jay Powell, Fed chairman, challenged President Trump to a game of chicken.  Already Powell looks weak. In his press conference after announcing the rate increase, Powell backed off three rate increases forecast for 2019 to two and included in his statement

What You Need to Know Before Investing in Gold

New investors contend with plenty of hype about precious metals such as gold and silver. While adding precious metals to your portfolio mix can pay off, you should take the time to understand the basic market dynamics for you to maximize your investment. Investing in gold offers several advantages. At a time of global financial

Want your head handed to you on a platter?

Unless you know exactly what you’re doing, responding to TV ads is a guaranteed way of taking losses on gold/silver investments.  Here’s an example of a $127,000 loss on a $296,363 investment made when the price of gold was lower than it is now.

Gold out performs stocks

So far this year, gold has outperformed stocks, up 2.5%, about what the Dow Industrials are down, for a 5% difference.  Still, gold’s performance this year has been disappointing to many investors considering the huge downside moves that stocks put in this year.  For 2017, the S&P 500 gained 19.4%, the Nasdaq 28.2%, and the

The dollar will be destroyed

In my post No reflation?, I discussed the perma-bulls’ continued recommendation of “buying the dips.”  In support of their position, TV talking heads speak of an “improved economy and higher corporate earnings” as reasons to continue buying stocks. However, if I’m reading David Stockman’s reports correctly, what the perma-bulls are really counting on is “reflation”

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