If you’re saving and investing, it’s probably for a reason. For most people that means saving for retirement. And that requires a long time horizon and a great deal of discipline. It also leads to a great deal of uncertainty, as the 30-40 years or more of saving and investing will almost necessarily mean that […]
Continue ReadingMake no mistake about it. The underlying purpose of this legislation is a cash grab. More people paying more fees regardless of any actual benefit to them. Under the guise of helping more Americans achieve their dream of retirement, Congress is looking to pass new legislation to make changes to the retirement system. That means […]
Continue ReadingConfidence in the absolute efficacy of Fed intervention breeds complacency, which is the essential backdrop of stock market crashes. Crashes don’t arise from a skittish herd, they arise from a complacent herd. So far the herd has been religiously buying the dip. But as with any herd, that behavior can flip in an instant. Once […]
Continue ReadingThe global monetary regime has collapsed three times over the past 100 years, in 1914, 1939, and 1971. They seem to happen about every 30 to 40 years on average. It’s now been over 40 years since the last collapse, so we’re due. With Russia and China continuing to build up their gold reserves, it’s clear that the […]
Continue ReadingIn all, long-term investors are risking roughly a 60% decline to try to capture a 0% rate of return over the coming decade in the stock market, one of the worst risk-to-reward setups in history. If this doesn’t make you want to give up investing in stocks, it’s hard to say what will. After over […]
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While India may be one of the world’s largest holders of gold, with Indian citizens holding an estimated 24,000 tonnes of gold, other countries are catching up. China is one of those, with an increasingly affluent middle class looking for ways to protect its wealth. While stories abound of Chinese looking to store their wealth […]
Continue ReadingUnfortunately, a political and market perfect storm is now on the way and may strike as early as Halloween 2019, marking a new “Halloween storm.” Get ready. I cannot imagine a better setup for catastrophe. No one ever sees disaster coming. That’s the point. Once again all indicators are pointing to a market collapse towards […]
Continue ReadingBut they’ve got a couple of grim worst-case scenarios. One envisages the US economy slowing sharply from the third quarter of this year, then falling into recession as corporate profits [fall], hitting business and investor sentiment. The fallout from this could trigger a 30% drop in the S&P 500 in the third quarter. Within a year […]
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One of the vitally important markets in gold is the Indian gold market. Gold has a long and storied history in India, being a fundamental part of Indian religious life from temple offerings to wedding gifts. Many Indian families hold a significant part of their wealth in the form of gold, mostly in jewelry. Some […]
Continue ReadingOnly three other times in history precious metals surged while oil plunged! All of them happened during severe bear markets and recessions. Buckle up, folks. When oil starts to drop at the same time gold takes off, it’s a sign that the economy is in danger. A slowing economy means less demand for oil, leading […]
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