Investments
Gold Jumps to 14-Month High
Gold prices climbed Friday as mounting concerns about the health of China’s economy hit riskier commodities and tensions in the Middle East pushed investors into haven assets. Gold futures for August delivery, the most-actively traded U.S. contract, jumped 1.2% to $1,359.50 a troy ounce, the highest level since April 2018. The rise accelerated after the National Bureau…
Read MoreThe Best Performing Long Term Assets of The Last 20 Years. Hint, Hint, It’s Not The Dow Jones.
Are you one of those people who are at least trying to save for retirement? Maybe you’re in your 40’s with 25+ years to go before retirement and you’re just starting out. Maybe you’re in your 50’s and you’ve been through a couple of market crashes and maybe you’re still trying to recoup some of…
Read MoreFive Charts Show Platinum Markets Coming to Life
After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors. The metal, which is mostly used to make jewelry and reduce emissions from car exhausts, is trading near the highest since May and money is pouring into platinum-backed exchanged-traded funds. Prices have gained as expectations for…
Read MoreRussia’s New Gold Rush Could Shake Up the International Monetary System
Russia and China might be considering a gold-backed digital currency. Russia is buying gold. A lot of gold. Within the span of a decade, the country quadrupled its reserves. Gold buying last year exceeded mine supply for the first time, so Russia is about to become a net importer of the metal. Commentators have suggested…
Read MoreHow much gold and silver should you own?
New York (CNN Business)For someone like me that can’t afford to buy an ounce of gold, would it be just as good owning several ounces of silver vs. a half ounce of gold? Great question. Gold, trading for more than $1,300 an ounce, is a much pricier investment than silver, which currently costs about $15…
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