Rumors of gold revaluation have been in the news lately. One thing is clear. Politicians have no interest in using the nation’s gold reserves for anything like the original purpose.
There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves. The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/...
Gold and silver prices outperformed nearly every asset class in the first half of the year. Geopolitical uncertainty, a weaker U.S. dollar, the threat of tariffs, central bank gold buying, and silver inventory scarcity all contributed to...
Price discovery for precious metals is complicated. There are several different markets for gold and silver. These markets include the retail bullion market, the London spot market, and the COMEX futures market.
Americans are accustomed to assets being priced in terms of Federal Reserve note dollars. It makes sense, of course. The dollar is the currency of the realm. There is, however, a real problem with using it as a benchmark.
The Oracle of Omaha, Warren Buffett, recently announced he will be stepping down as CEO of Berkshire Hathaway. He built a reputation as one of the sharpest minds in investing.
Gold has outperformed most asset classes for the last 25 years. If you think about it, that is a pretty remarkable run.
Washington D.C. is still a prime breeding ground for bad ideas. One of the dumbest, and more dangerous, is the idea of swapping U.S. gold reserves for Bitcoin. In fairness, we should first mention we are encouraged by the growing...
There aren’t too many upsides to the widespread loss in confidence currently underway. It would be far better if major institutions were trustworthy, competent, and efficiently run. But fixing these institutions first requires recognition...
Americans have to wonder, based on revelations coming out of Washington DC, whether government waste, fraud, and abuse is happening on an industrial scale.