What We’re Up Against: Government Accounting There are a lot of things fishy about the way the government operates. But nothing is fishier than government accounting. That’s a problem for us all, because government accounting helps determine the prospects for the US dollar. The financial news outlets this week are filled with stories about the Fiscal Year […]
CRISIS INVESTING Gold is the currency of choice in times of crisis. Whether it is called a “flight to quality” or a “flight to safety,” gold is the world’s money of choice in times of trouble. That’s because of its superior qualities as money, qualities that have outlasted every conceivable type of government and countless […]
The gold price spiked after a close, but brief, encounter with reality on Tuesday. From a low of $1192, gold surged to a high of $1212, before coming to a close at $1207. The price of silver popped, too, knocking on the door of $15 an ounce before closing at $14.69. As always, the question […]
Gold Reacted to the Fed Announcement on Interest Rates with Rally On Wednesday, gold reacted to the Fed announcement with a rally that broke over the $1220 mark by Friday. Janet Yellen announced – in a rather positive communiqué – that rates would go up a quarter point, and that we could anticipate a couple […]
$1.4 Trillion Dollar Deficit That No One Is Talking about In the 2016 fiscal year, the U.S. hit a 1.4 trillion dollar budget deficit, and no one is talking about it. October marked the start of a new fiscal year, and 2016 closed with a deficit three times larger than the previous year. It is […]