Geopolitical and global macroeconomic issues continued to cause surges of uncertainty in markets this week as Turkey’s currency crisis continued to escalate. Stocks continued to show signs of choppy, emotional trading with the Dow Jones Industrial Average swinging back and forth, seemingly on each new media headline.
In the 1930’s, the farm population in the US was nearly 25% of the total and it was quite common for farmers to borrow from the bank (using their farms as collateral) in the expectation that the proceeds from their annual crop would pay off the note each year.
Geopolitical and macroeconomic issues continue to trigger increased volatility in all markets. Tariffs, sanctions and trade disputes remained the top stories for the week as Russia, North Korea and Turkey were all targeted by increased pressure from the Trump administration.
In recent decades, the US government has been doing its best to find a way to limit the ability of its people to bear arms. And, in turn, the people respond vehemently that their Constitution guarantees them the right to bear arms. Regardless of which side of the argument any particular American is on, I’ve almost never met one who knows what caused this right to be written in the Constitution.
Mike Maloney mentioned an economist he was studying as part of his research for a new book, so I ordered one of his books.The core message in this economist’s book pulls no punches: There is no escaping another debt-related crisis. And while he doesn’t specifically state the crisis will be worse than the Great Depression, the data he shares and conclusions he draws make that clear.
Real estate prices look to be topping out. Gold and silver prices are back at 2010 levels. As the relative pricing of these two assets reverses over the coming years, it will afford those with a meaningful holding of precious metals the opportunity to buy a house outright.
It was a busy week for news with multiple central banks all meeting to determine monetary policy. In the United States, analysts were eagerly awaiting the release of the Non-Farm Payrolls report for July that was due out on Friday.
Have you ever looked at a chart of an investment and wished you’d bought when it was cheap, before it rose by multiples in price? We all have. But to do that requires we buy when the investment is out of favor, in direct contrast to the prevailing sentiment at the time.
That’s precisely what contrarian investors do.
Since before the days of currencies, people have sought to keep their wealth safe – to store it where it wouldn’t be stolen by others.In the 1970’s, I became the first jeweler that had existed in my country (the country had been a backwater until that time, but was developing rapidly).
An accomplished salesperson, marketer and consultant in the precious metals field, Mark serves as the General Manager for Strategic Wealth Preservation (SWP), a fully integrated precious metals dealer and secure storage facility located in Grand Cayman. SWP and Cayman Enterprise City (CEC) have held a strategic partnership since 2016 with a focus on Cayman Commodities & Derivatives City, a development project by CEC.