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The quick answer to why you should own physical gold is that you can’t trust the banks or your government.
Eric Sprout, the billionaire precious metals trader, recently conducted an audit of how much gold the U.S. government has been buying and selling over the last few decades.
Here is his …
We live during a time of rampant consumerism. We buy stuff, and we think we own it. But much of the time we don’t.
Your home is mortgaged and owned by the bank. It’s not yours.
Your car is leased, or purchased through a bank loan. It’s not yours.
You …
Owning gold is all about protecting yourself and your wealth.
It’s the money you keep outside of the banking system and out of reach of Wall Street. It’s about planning for the future and avoiding risk. It’s about coming out on top in the event of a catastrophic social or …
Here in North America we have no tradition of giving gold as a gift.
That’s a pity – for the reasons I describe below. And it’s not the case in many other parts of the world.
Of all countries, India stands out for the way in which families protect and distribute …
When we think of buying physical gold, we naturally think of holding the gold in our hands and then storing it in a safe place at home, or at our bank.
There is something almost irresistible about actually owning and touching the gold you buy.
But that need to hold your …
While I always remain skeptical about the opinions of gold experts, I do take notice when a few of the more notable gold buyers start stocking up on my favorite metal.
Over the last few days I have read a number of stories about well-known investors buying more gold.
John Paulson …
Since March of this year Turkey has exported $11.7 billion in gold bullion, over 90% of which was carried over the border on its way to Iran or the United Arab Emirates.
What’s happening? Turkey is buying oil. Not with wire transfers or cash, but with gold bullion. They can’t …
It’s easy to dismiss Max Keiser. In fact, pretty much of North America’s media do. He has even been called a traitor for painting the economy in such a consistently negative light.
But he does have a huge audience, mainly through European media plus, of course, YouTube.
And it would be …
Photo: AP
The election will likely have little to no impact on the price of gold. At the most, we might see some jumps up or down, depending on the sentiment of investors just after election day.
To put too much emphasis on the election results makes the mistake of …
And why, when they are right, it’s just dumb luck.
Let me explain. First of all, analysts who want to appear on TV, and financial journalists, need to have something to say. You can’t be a guest on TV or have a financial column if you don’t have something to …
