Solid Gold or Solid Social Security

The anxiety of many over the future of Social Security is on the rise and is causing numerous seniors to consider owning gold as an option to the dilemma. Due in part to a serious reduction of anticipated funding of the Social Security Trust Fund and the inverse proportion of a growing number of retirees and the shrinking number of working contributors to the fund, has the elderly worried indeed. There are many shades and degrees of solutions that have … Read More »

Reserve Currency

For quite some time the U.S. politicians have been working on the demise of the Dollar as the world Reserve Currency. Moves by countries such as China and others recently have challenged the Dollar’s world reserve currency position. If the Dollar was in fact to loose its world reserve status, trillions of Dollars, now overseas as eurodollars and petrodollars, would come running back into the arms of Uncle Sam and would prove to be too many for even his deep … Read More »

Alchemy, Magic and the Federal Reserve

While it was the objective of alchemists of old to transform some base metal into some precious metal, since 1933 the Federal Reserve has done one better. It creates money from thin air. Oh, but I exaggerate, the Fed doesn’t waste its time with thin air, it creates money out of nothing at all. Some years ago John Kenneth Galbraith lamented, “The process by which banks create money is so simple that the mind is repelled.” Those words are increasingly … Read More »

Buy Physical Gold

Only physical gold offers complete financial security where other methods only offer exposure. As long as the gold is purchased from a reputable dealer, there is no need to worry about fraudulent stocks or corrupt corporations. Having actual gold as an asset is by far the safest, and historically the most reliable method for owning gold. There are two ways to buy physical gold, and ITM Trading offers both. Buying Bullion Bullion coins and bars are the first option. Made … Read More »

Rising Interest Rates

Many market commentators have painted themselves into the fool’s corner by trying to anticipate just when Interest Rates would rise. As Robert Kuttner, author of the new “Debtors’ Prison: The Politics of Austerity Versus Prosperity” once penned in BusinessWeek, “What do you call an economist with a prediction? Wrong.” Unfortunately, at some point they will be right. However, according to UBS economist Maury Harris in USA Today, America is close to “unleash a spending spree. Years of self-denial give way … Read More »

Gold Coins, Belgian 20 Franc

Due to the convoluted history of Belgium, and the many different countries that tried to assimilate it, the Gold Coins actually produced in Belgium are relatively limited in variety. The word ‘Belgium’ comes from the Roman province Gallia Belgica, in the northernmost part of Gaul. Prior to the Roman invasion in 100 BC, the area was occupied by the Belgae, a blend of Celtic and Germanic people, noted for their fierce but ultimately unsuccessful opposition to the Roman invasion. Following … Read More »

The Market and the Economy are not Synonymous

While, in a normal Economy, the market and the economy might be used as a gauge for each other, in our present situation, what seems good for one does not necessarily translate into something equally good for the other. Case in point: The U.S. economy is driven by consumption (70% of GDP) and not stock market equity prices. “We’ve made rich people richer,” Dallas Fed President Richard Fisher remarked to CNBC. “This is great for the (Warren) Buffetts and for … Read More »

1933 Confiscation and Ban on Gold

The years following the stock market crash marked the start of the Great Depression, still the worst in American history. Many banks had been forced to close and leave people stranded without their life savings. In response, others began making mass withdrawals from the bank, choosing instead to hoard their money and other tangible assets—gold most of all. But as it turned out, investing in gold was not the safest option. National Bank Emergency In March of that year the … Read More »

Gold May Signal Global Trouble

There are those who view the recent action in Gold as a potential indication of a wide-ranging shock in the economic and markets shock comparable to the collapse of hedge fund Long-Term Capital Management in 1998 and even the Great Recession crisis a decade later. Interestingly enough, both events were preceded by a clear decline in gold. The healthy global economy that was supposed to spring out of the Federal Reserve and central bank efforts to “prime the pump” have … Read More »

Bullish Long-term Outlook For Gold

As George Bernard Shaw said, “You have to choose between the natural stability of Gold and the natural stability of the honesty and intelligence of the members of the Government.” He continues, “And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.” Indeed, in the view of many, the prospects (excuse the pun) for gold even after falling into bearish territory last month, continues to be bullish. This is … Read More »