Peter's Blog

UK Man Finds $2 Million in Gold in Kuwait-Era Military Tank

A collector of military tanks from the United Kingdom got a pretty good return on his $37,000 investment when he found gold bars worth more than $2 million dollars inside its fuel tank. Nick Mead is the owner of Tanks-A-Lot, a company that provides tanks and other armored vehicles for driving classes, private events, and […]

Overseas Stimulus Train Keeps Hurtling Forward

As we focus on the most recent moves of the Federal Reserve, it’s easy to miss the bigger picture. The Fed has been trying to move toward an interest rate “normalization” program for more than a year, since nudging rates up .25 points in Dec. 2015. Although it remains to be seen whether the two […]

Former Fed Analyst: Gold Is “Ultimate Safe-Haven Investment”

From both an economic and political standpoint, it seems the only certainty in the world right now is uncertainty. As Danielle DiMartino Booth says, that’s a good reason to buy gold. Booth worked as an as an analyst at the Federal Reserve Bank of Dallas. After leaving the Fed, she founded Money Strong, LLC, an economic […]

Post Syrian Attack: Only Certainty is Uncertainty

The price of gold surged after the US launched more than 50 cruise missiles at an airbase in Syria. The military action was in response to a deadly chemical weapons attack the US blames on the Syrian government. Trump’s decision to launch an attack directly at the Assad government in Syria marks a dramatic reversal […]

Day 77: Trump’s Building Bridges for Health Care

This week, Trump began a new approach to Trumpcare and hosted Chinese President Xi Jinping at a Mar-a-Lago retreat. The Fed minutes from their March meeting were also released, revealing doubts about continued surges in the economy.

Creepy IMF Paper Teaches Governments How to Wage War on Cash

There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition. Over the last several years, we’ve seen a steady push to eliminate, or at least limit, […]

Gold: Reflecting the Light of the Universe

It’s important to remember gold is money, but as we focus on gold’s monetary and investment properties, it’s easy to forget the yellow metal has inherent value in and of itself with amazing practical uses. NASA is currently developing a new telescope scheduled to launch in October 2018. The power of the James Webb Space […]

Is a “Taper Tantrum” on the Horizon?

Over the last several months, analysts have focused on Federal Reserve rate hikes. The central bank nudged rates up in December, and then bumped them another .25 points in March. Many observers expect the Fed to boost rates another two – maybe even three more times in 2017. But all of this focus on interest […]

Information: As Precious as Gold

In the United States and other economically advanced countries, we tend to take information for granted. With the proliferation of smartphones and ubiquitous data networks, we literally have information at our fingertips 24/7. But in less developed countries, that’s not the case. Information is as scarce and valuable as gold. Slowly, but surely, that’s beginning […]

Turks Buying Gold, Uncertain of Their Political Future

A constitutional referendum in Turkey in mid-April could bring the most significant change to the county’s political structure since the introduction of its multiparty election system in 1945. With all of the uncertainty surrounding the vote and a shaky monetary system, Turks are starting to buy gold in large quantities. Turkish gold imports surged 17-fold to 28.2 […]