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  • Why Consumer Debt is Surging

    As the third quarter of 2024 concluded, an undeniable trend emerged: consumer debt in the U.S. reached startling heights. With a significant annualized growth and an evident struggle among many consumers to manage their financial obligations, understanding the dynamics of this surge in consumer debt is crucial. Key Takeaways Total U.S. consumer debt, excluding mortgages,

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  • How Trump’s Immigration Policies Influence Gold Markets

    Donald Trump’s immigration policies, noted for their strict border controls and increased deportation efforts, have a significant impact on the global economy and commodity markets. These policies can have complex implications for labor markets, trade relations, and economic stability, influencing investor behavior. This is where gold, known as a safe-haven asset, comes into play as

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  • Everything You Need to Know About Fort Knox

    Fort 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?

    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

    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
    • 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
    • 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

    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

    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?

    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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