Blog
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Gold prices hit a record high. What’s behind the surge?
On Friday, gold prices surged to a record high, marking a significant milestone in a remarkable 17% rally this year. Notably, the pace of gold’s price increase has outpaced the growth of the S&P 500— a widely used benchmark for most 401(k) plans—by more than double, underscoring the strength of the gold market. Experts attribute
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Gold Mines in Alaska
Alaska, the largest U.S. state by land area, is teeming with mineral resources, and gold is no exception. The ‘Last Frontier’ has a rich gold mining history that dates back to the late 19th century with the famous Alaska Gold Rush. Today, there are hundreds of known gold deposits in the state, but the number
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Purest Gold Coins
Gold, as a metal, has been a symbol of wealth, power, and prestige for millennia. But not all gold is created equal. The purity of gold coins plays a pivotal role in determining their value and desirability among investors and collectors alike. In this article, we delve into the intricacies of gold purity and showcase
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International Monetary System
- April 10, 2024
- Posted by: Agbaje Feyisayo
- Category: Financial institutions, Government
In today’s interconnected world, the concept of money transcends borders and is an integral part of international trade and finance. The international monetary system plays a pivotal role in shaping the global economic landscape, influencing the movement of currencies, facilitating transactions, and promoting financial stability. This article delves into the nuances of the international monetary
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Early Withdrawal Penalty
- April 10, 2024
- Posted by: Agbaje Feyisayo
- Category: Gold, Gold Investing, IRA
Regarding retirement savings, the temptation to dip into your account before retirement age can be alluring, especially during financial emergencies or moments of uncertainty. However, early withdrawal penalties and their associated costs are designed to discourage such actions. This article explores the significant financial repercussions of early retirement account withdrawal. What is the 401(k) Early
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Renowned figures in the financial world, Robert Kiyosaki, David Einhorn, and Gary Shilling, are all sounding the alarm on inflation — a concern shared by the Fed.
- April 9, 2024
- Posted by: Agbaje Feyisayo
- Category: News
Paul Volcker, the ‘dragon slayer’ who took decisive action against inflation in the 1980s, left a formidable legacy that current Fed Chair Jerome Powell is still striving to equal. As inflation concerns resurface, Wall Street’s unease heightens, with Powell yet to claim victory over this persistent economic challenge. In a recent announcement, Powell underscored that
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30% Upside as Fed Cuts Interest Rate
Amidst the stock market’s record-breaking ascent, gold, a steadfast refuge for investors, has also been on the rise. Last week, gold prices reached an unprecedented $2,328.7 per ounce. This surge, according to renowned economist David Rosenberg, president of Rosenberg Research, could propel gold to a staggering $3,000 before the next business cycle shift, marking a
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Is Gold Malleable?
- April 6, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold, Gold Investing, Gold IRA
In its purest form, gold is indeed one of the most malleable metals known to humanity. The term “malleable” means capable of being extended or shaped by beating with a hammer or by the pressure of rollers. For example, a single ounce of gold can be hammered into a sheet that covers approximately 100 square
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1,000,000 Simulations Show U.S. Debt “Unsustainable”
- April 5, 2024
- Posted by: Erman Ebren
- Category: inflation, Investment
According to a million computer simulations run by Bloomberg, there is an 88% chance that the U.S. is on an “unsustainable” path regarding its National Debt. The alert went out following a forecast by the Congressional Budget Office indicating the National Debt will grow to an astonishing $54 trillion in the next decade, greatly due
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Is Gold From Space?
Humanity has been captivated by the alluring shine and unfading beauty of gold for centuries. But the origins of this precious metal are much more otherworldly than you might imagine. To answer the question directly – yes, gold is from space, and its creation involves cosmic events of an unimaginable scale. Where Did the Gold
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