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Everything You Need to Know About Fort Knox
- November 18, 2024
- Posted by: Agbaje Feyisayo
- Category: Gold, Gold IRA, Government
No CommentsFort Knox, synonymous with impenetrable security and vast treasures, has long captured the imagination of many. Located in Kentucky, this vault holds a significant portion of the U.S. gold reserves. Let’s delve into the depths of Fort Knox, its history, its role in safeguarding America’s gold, and the myths surrounding this iconic facility. The History
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What Happens When a Government Prints Money?
- November 2, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Coins, Currency, Government
The idea of a government printing money might conjure images of wealth instantly flowing into an economy, alleviating financial strains. However, the process and implications are far more intricate. Printing money, known technically as “quantitative easing,” is a double-edged sword with potential benefits and detriments. Let’s delve deep into the mechanisms and outcomes of such
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History of the US Dollar Backed by Gold
- August 30, 2024
- Posted by: brian
- Category: Gold, Government
The concept of backing the US dollar with gold is a frequent topic among gold enthusiasts and economic theorists. However, many misunderstandings surround this idea, particularly the belief that the US dollar was once backed by gold. In reality, America’s founding monetary system never tied the dollar’s value directly to gold. Key Takeaways America’s founding
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How Fed Rate Cuts Impact Gold and Gold Stocks
- August 27, 2024
- Posted by: brian
- Category: Government
Fed rate cuts are a central tool in monetary policy that can significantly influence various financial markets, including gold and gold stocks. While these cuts are often implemented to stimulate economic activity and delay recession onset, they also present a favorable environment for gold investments. This article delves into how Fed rate cuts benefit gold
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Does the Federal Reserve Own Gold? The Surprising Truth
- August 20, 2024
- Posted by: brian
- Category: Government
Many people believe that the Federal Reserve owns gold, a misconception that persists despite the clear facts. In reality, the Federal Reserve does not own any gold. Instead, the gold commonly associated with the Federal Reserve is owned by the United States government, specifically the United States Department of the Treasury. In this article, we
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Why Market Volatility Drives Up Gold Prices
- August 19, 2024
- Posted by: brian
- Category: Buy Gold, Gold, Gold IRA, Government
The recent market volatility has had widespread implications, particularly reinforcing gold’s status as the ultimate safe-haven asset. As the S&P 500 index fell by over 10% from its peak, investors turned to gold for stability. This article will explore why gold remains attractive during turbulent times, the current economic uncertain environment, and what the future
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Why the Trillion-Dollar Coin is Not a Viable Solution for U.S. Debt
- August 13, 2024
- Posted by: brian
- Category: Currency, Government
The concept of a trillion-dollar coin has resurfaced as a potential fix for the U.S. government’s debt ceiling issue. The proposal involves minting a platinum coin with a $1 trillion face value, which the U.S. Treasury could use to pay off debts without raising the debt ceiling or borrowing from the Federal Reserve. While this
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Central Bank Gold Buying Hits New Record in 2024: What’s Driving the Surge?
- August 10, 2024
- Posted by: brian
- Category: Buy Gold, Government
Central banks worldwide have significantly increased their gold purchases in the first half of 2024. According to the World Gold Council, central banks accumulated 374.1 tons of gold during this period, marking a 34% increase compared to the first half of 2023. This unprecedented surge has set a new record for central bank gold buying.
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Navigating Market Volatility: Why Consider Investing in Precious Metals?
- August 8, 2024
- Posted by: brian
- Category: Government, inflation
The financial landscape is currently experiencing turbulence, with stock markets facing significant declines, driven by escalating debt concerns and economic uncertainty. This article delves into the factors contributing to this volatility and why more investors are now considering precious metals like gold as a safe-haven investment. Key Takeaways Recent stock market decline: The S&P 500
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Understanding the Resilience of the Gold Market Amid Economic Uncertainty
- August 7, 2024
- Posted by: brian
- Category: Government, inflation
The gold market continues to exhibit remarkable resilience and bullish momentum, securing its position as a safe-haven asset amid current economic challenges. In this blog post, we will explore the factors contributing to gold’s stability and bullish outlook, diving into elements such as economic uncertainty, investor sentiment, central bank purchases, and supply-demand dynamics. Key Takeaways
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