Bob Dylan sure got it right when he sang, “The times they are a-changin.” If you need proof, just take a look at the prices of food and goods at your local grocery store. You can probably recall a time when your grandparents started talking – with a wistful twinkle in their eye, no doubt…
Millions Worth of Gold and Silver Down the Drains?
Don’t look now, but there may be gold and silver lurking in your city’s sewers. Seriously. And according to the Smithsonian, not just a little bit either, but likely millions of dollars worth of the rare metals. We recently stumbled across this story that was just too good to pass up. Apparently, Arizona State University…
Social (In)Security: Crisis Ahead!
It’s coming. Everyone knows it, yet few people know what to do about it. We’re talking about the looming Social Security crisis. And many Americans are well aware they won’t be able to rely on Social Security to fund retirement — though they’ve been paying into the system their entire lives — and little is…
Gold Investors Say ‘So Long’ to the Summer Slump
Every year around the month of May, scores of traders, investors and others in the business pack up and leave for vacation. While they enjoy the getaway, the precious metals market takes a nosedive because lower volumes are being exchanged compared to the rest of the year. This phenomenon is called the “summer slump,” and…
Inflation Soars in the Second Quarter, Yet the Fed Doesn’t Seem Concerned. Should You Be?
The rate of inflation — as measured by the Federal Reserve’s preferred price index — rose to its highest annual rate in three years during the second quarter, hinting that the United States economic recovery could prove more challenging than anticipated. During the April-June period, the PCE index surged to 2.3 percent, compared to 1.4…
Credit Suisse Guilty of Tax Evasion
International banking secrecy was delivered a massive blow on Monday, when Swiss banking giant and refiner Credit Suisse pled guilty to tax evasion and accepted a $2.6 billion penalty. Swiss banks, notorious for helping wealthy investors hide their money from the U.S. government, are nearly synonymous with “discretion.” This charge blows the lid off that…
