WHY IS THE FED RELUCTANT TO RAISE RATES?

The Fed appears to have a problem on its hands, and markets are watching. The gold market, like many other asset classes, has been paying close attention to the ebb and flow of hawkish and dovish rhetoric from the central bank. Investors seem to be taking a “wait and see” attitude at this point, neither willing to truly commit but also not willing to stand idly by. Stocks have been going up for years now, while interest rates have remained artificially low. The gold market... Continue Reading

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Larry Summers Warns US Is Losing Its Global Leadership Role

“This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system.” —Larry Summers, Harvard professor and past U.S. Treasury Secretary, wrote in an April Washington Post article. The global economic and political power tides are shifting from West to East. China is flexing its economic muscle and the balance of global power scales are beginning to tip in their favor. This month China announced the formation of the Asian Infrastructure Investment Bank (AIIB),... Continue Reading

2 Major Problems With A Dollar Based Retirement Strategy

Most Americans invest their retirement funds in U.S. dollar-based assets, vehicles like stocks or bonds. While on the surface this may sound like a good strategy, there are two major obstacles that can greatly reduce the purchasing power of our retirement assets: Inflation and currency devaluation. Inflation is a wealth killer and it can eat away at your purchasing power and make it difficult for you to maintain your current standard of living. For those who remember the 1970s and early 1980s inflation was running... Continue Reading

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The U.S. Economy Is Weaker Than You Think

Over six years ago Wall Street was rocked by an unprecedented crisis … and the U.S. economy still hasn’t been able to fully recover since then. September 2008 ushered in the dramatic Fannie Mae and Freddie Mac takeover, the Lehman Brothers bankruptcy, the AIG bailout, and ended with the introduction of massive government legislation to buy “toxic” mortgage debt. The ensuing global financial crisis took its toll on economies around the world and the U.S. and global economy are still scuffling to climb back to... Continue Reading

How the Gold IRA Rollover Process Works

A Gold IRA is a self-directed individual retirement account that allows ownership of physical precious metals. With a Gold IRA, not only can you hold paper assets like stocks and bonds, you can also hold physical precious metals in the form of coins and bars. Of course, it is up to you to decide which types of precious metals you want held in your account. Getting started with a Gold IRA is easier than you think. At Advantage Gold we take pride in being the... Continue Reading

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Is Greece Teetering On The Edge Of Default?

Black Storm Cloud Looms Over Greece And The Global Horizon The clock is ticking toward a Greek debt default which could jettison the country from the euro-single currency bloc. A “Grexit” or Greek exit from the euro zone could catapult the region and the globe back into financial crisis and political turmoil. A Greek exit would have far reaching implications not only for contagion within the euro zone, but would also raise concerns about the viability of paper currencies, and the subsequent shifting global power... Continue Reading

5 Reasons You Need to Own Gold

Gold is an asset class with unique characteristics all of its own. Individual investors of all levels of experience are choosing to invest in physical gold bars and coins as a way to protect and build wealth. Here are five reasons you need to buy and own gold now. 1. Gold Is Not Correlated To The Stock Market Traditionally, when stocks have gone down, gold has gone up. Right now, the U.S. stock is poised for a crash. The current bull phase in U.S. stocks... Continue Reading

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Even Gold Mining Companies Have Problems

So you’ve got a hole in the ground and you’re mining a precious metal and selling it on the open market. What could possibly go wrong? Plenty, actually. The gold mining industry as a whole is nearing a point where they’ll need to reduce output or even shut down some of their operations completely. With the price of gold reaching a four-year low, mines are being forced to slash costs and rethink their strategies. Gold prices have lost ground to the U.S. dollar which has... Continue Reading

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The Swiss Gold Vote. And Why You Should Care.

Accountability. It’s something that’s expected out of all of us – in our careers, in our relationships, in our own financial undertakings. But when it comes to monetary policy, accountability is not a mindset governments are prone to embrace without a good fight. And that’s the situation that the government of Switzerland and the SNB (Swiss National Bank) currently finds itself in. On November 30th, the Swiss people will have the opportunity to vote on increasing their gold reserves from the current 7.8%, to 20%. What the Swiss are... Continue Reading

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Former Fed Chairman Alan Greenspan on Gold

Where will gold be in five years? “HIGHER.” How much Higher? “MEASURABLY!” Former Fed Chairman Alan Greenspan spoke Wednesday to the Council on Foreign Relations. He said QE ultimately fell short of its goals referring to the end of the bond-buying program, which aimed to lower unemployment and spur stronger economic growth. Mr. Greenspan’s comments to the Council came as Fed officials were meeting in Washington, D.C., and expected to announce within hours the end of bond purchases. Mr. Greenspan said the bond-buying program was... Continue Reading

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