Monday, August 15, 2016

Top 5 Reasons To Add Precious Metals To Your IRA

October 22, 2009 by · Leave a Comment 

Now, more than ever, people are looking for ways to help secure their hard-earned retirement dollars after significant losses due to the weakness in the stock market and U.S. economy over the past year. Precious metals are a great way to diversify your holdings and likely increase your financial security. Here are the APMEX Top [...]

Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High

October 19, 2009 by · Leave a Comment 

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]

A Deflation Story

October 10, 2009 by · Leave a Comment 

The Daily Reckoning “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of the city first started to my mind.” – Edward Gibbon [...]

Gold Touches a New Record

October 9, 2009 by · Leave a Comment 

The Daily Reckoning “Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune. Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Well, what do you expect? The United States added $1 trillion to its monetary [...]

Gold Soars to an All-Time High

October 8, 2009 by · Leave a Comment 

The Daily Reckoning What a day for gold, yesterday! WOW! In case you were trapped in a cave and didn’t hear the news… Gold, which I said yesterday morning looked like it was going to take out its all-time high, did take out its all-time high, and not just take it out! Gold pushed past [...]

Red October

October 3, 2009 by · Leave a Comment 

The Daily Reckoning Uh oh…maybe it will be a Red October after all… Two important things happened yesterday, both of which cast a crimson light on things. First, the Dow dropped again; it has only gone up one of the last 7 days. It went down 203 points. Could be nothing. Could be something big…the [...]

Mexico mulls tax on miners as part of fiscal reform

October 1, 2009 by · Leave a Comment 

Mexico’s Congress is considering a 4 percent tax on mining output as part of a fiscal reform package meant to boost government revenues during a steep recession. But all the major mining companies in Mexico say the measure will stifle new investment and burden existing projects at a time when metals prices have slumped from [...]

Commodity Currencies Rebound Versus the Dollar

September 30, 2009 by · Leave a Comment 

The Daily Reckoning Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) (EUR) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia (AUD) and New Zealand (NZD) that [...]

FDIC INSURANCE FUND WILL RUN A DEFICIT AS OF TOMORROW

September 30, 2009 by · Leave a Comment 

FDIC Proposes Banks Prepay Deposit Fees Through 2012 By Alison Vekshin Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013. The insurance fund will run a [...]

My Day Among the Tax-Eaters

September 28, 2009 by · Leave a Comment 

By Thomas E. Woods, GoldSeek Last week I testified before the House Financial Services Committee in support of HR 1207, the Federal Reserve Transparency Act of 2009. Speaking on behalf of HR 1207 is particularly tricky because (1) what the Fed might be up to is entirely speculative, and thus can hardly be admitted into [...]

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