Tag Archive: currency devaluation

The Case for Gold Has Never Been Stronger

The last few days have shown what can happen as investors get nervous and even start to panic. Yesterday’s declines in equity markets, which were over 3 percent, were the largest drop so far this year and showed just how seriously investors are taking the ongoing U.S./China trade war. the case for gold has never been stronger. As President Trump implements additional 10 percent tariffs on another $300 billion of Chinese goods, China has responded by devaluing its currency. The yuan moved past the key... Continue Reading

A Great Example

When discussing the numerous potential benefits that come with gold ownership, the topic of gold being the only true form of money is always a focal point. The yellow metal has been regarded as such for centuries and does not carry the risks that come with fiat currency. The notion of gold being the only real form of money that exists is evident in the U.K. currently. With a March 29 deadline for a Brexit deal quickly approaching and the potential for a hard Brexit... Continue Reading

U.S. Crosses $20 Trillion in Debt Threshold

The United States was reportedly in debt as of Friday to the tune of $20.16 trillion. Yes-that’s trillion. To put this figure into context, well, let’s just say that you could stack $100 bills in massive piles all around the Statue of Liberty, and literally box her completely in. How did the U.S. get here you may be thinking…Well, the massive debt is a combination of things including previous tax cuts, fighting in wars and economic stimulus. Think about that for a moment. The Iraq... Continue Reading