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How Close Should Your Wealth Be?

How Close Should Your Wealth Be?

Recently, an eminent gold adviser whom I know and have a high regard for, stated that holders of precious metals would be well-served by keeping their metals in a remote location, saying, “distance equals security.” (He lives in the US and recommends storage in New Zealand, as it’s as far away from him as possible.)

The Precious Metals Week in Review – March 15th, 2024.

The Precious Metals Week in Review – March 15th, 2024

1. Gold’s new high signals global central banks are likely accumulating the precious metal to diversify away from the dollar, as persistently large fiscal deficits threaten to erode its real value and lead to more inflation. Gold’s move has been broad as well as pronounced with the precious metal making 50-year highs versus three-quarters of…

The Precious Metals Week in Review – March 8th, 2024.

The Precious Metals Week in Review – March 8th, 2024

1. The gold market is seeing solid follow-through buying activity following last week’s record closing price. The precious metal has pushed above $2,150 an ounce, and according to one market analyst, it has room to run. In an interview Jess Felder, founder of the Felder Report, he said he has been looking for gold to…

The Precious Metals Week in Review – March 1st, 2024.

The Precious Metals Week in Review – March 1st, 2024

1. People invest in gold for many different reasons. Many do so out of concern over economic, monetary, or political uncertainty. Others seek a hedge against inflation, a way to protect and preserve the real purchasing power of their savings. There are also those who simply seek some peace of mind, a dependable insurance asset,…

The Precious Metals Week in Review – February 16th, 2024.

The Precious Metals Week in Review – February 16th, 2024

Gold and silver prices are higher in midday U.S. trading Thursday, on corrective rebounds following recent selling pressure and after a U.S. retail sales report that was weaker than expected.

The Precious Metals Week in Review – February 9th, 2024.

The Precious Metals Week in Review – February 9th, 2024

The gold market is struggling to find some bullish momentum after the U.S. central bank significantly pushed back on expectations of an aggressive easing cycle kicking off in March.