An ominous rumor is circulating online: July 1 will see the complete collapse of the United States dollar, because of a bill called H.R. 2847. Should you be worried? While you should be prepared for emergencies and gold and silver are excellent hedges in the event of economic collapse, this bill probably won’t be the…
Dollar-Cost Averaging: How to Start
It’s easy to fall into the habit of “chasing lows” — constantly looking for the bottom in silver prices, waiting to increase your position only to wind up missing the low. That kind of market-watching can be stressful, and with so many factors to consider, it isn’t the ideal way to effectively maximize profits. Precious…
Metals Drop in Response to Shutdown
This morning’s gold, silver and other-precious-metals plummet is, at first blush, surprising. The typical response to government uncertainty is an increase in the price of safe haven investments, including metals. Instead, the government shutdown has precipitated a quick drop. So what’s going on? Gold and silver in particular are considered hedges against inflation. But with…
Stocks Up and Down on Fear of Shutdown
It’s unclear at this point what is going to happen in the U.S. Capitol–will the Senate find compromise on the House budget bill? Will the debt limit be raised? Will the standoff continue?–and investors of all stripes are watching closely. Gold prices have been a roller coaster for the past week, spiking after news the…
Monetary Policy: A Guide for the Average Consumer
Monetary policy: a simple enough phrase that defines centuries of complex, archaic theories explaining how a government should control its wealth in order to benefit the economy. Most countries have their own individual monetary policies, and in turn, each policy affects the others. Monetary Policy: A Definition So in simplistic terms, what exactly is monetary policy? Essentially,…
The Bernanke Effect
Following the release of the economic forecast by the Federal Open Market Committee (FOMC) yesterday, U.S. Fed Chairman Ben Bernanke’s taper talk sent stocks and commodities tumbling. Maybe tumbling isn’t the right word… Collapsing to near three-year lows, gold has dipped below $1,300 for the first time since the fall of 2010. Prior to the…
