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POSTED ON March 16, 2018  - POSTED IN Fun on Friday

Pro-tip – If you ever have to load 9.3 tons of gold, silver and platinum in an airplane, make sure you secure the load. I mean, tie it down good. You know, throw a few bungee chords over it. Or maybe a strap or two. Something. At least some rope. Because here’s a dirty little secret.

Things shift during flight.

Apparently, the guys loading the Russian AN-12 cargo plane in Siberia never read the little warnings on the overhead bins or listened to the flight attendant spiel. They loaded more than 18,000 pounds of gold and other precious metals on the plane and, as a Time Magazine report put it, “didn’t properly stabilize the load” before takeoff.

As you can probably imagine, this didn’t end well.

POSTED ON March 16, 2018  - POSTED IN Key Gold Headlines

President Trump’s new economic adviser did an interview on CNBC’s Closing Bell Wednesday and offered a little investment advice.

I would buy King Dollar and I would sell gold.”

So, should you follow Larry Kudlow’s guidance?

Of course, that’s up to you. But Kudlow doesn’t have the best track record when it comes to predicting the future. On the cusp of the 2008 financial crisis, he was among the mainstream pundits saying the whole subprime mortgage thing was “no big deal.”

POSTED ON March 15, 2018  - POSTED IN Key Gold Headlines

Retail sales unexpectedly fell again in February. It was the third straight monthly drop and the first time the US economy has seen three straight months of declining retail sales since 2012.

Sales fell 0.1% in February. Analysts had expected an uptick of 0.3%. According to CNBC, households cut back on purchases of motor vehicles and other big-ticket items, pointing to a slowdown in economic growth in the first quarter.

So, why is this happening? Peter Schiff offered a simple reason in his latest podcast.

Americans are broke.

POSTED ON March 15, 2018  - POSTED IN Key Gold Headlines

Turkey went on a gold-buying spree in 2017. That trend continued through the first two months of 2018 as the country continues to diversify away from foreign currencies – i.e. the dollar.

Data released by Borsa Istanbul shows Turkey imported 44.47 tons of gold in January and 16.03 tons in February for a total of 60.5 tons over the two-month period.

POSTED ON March 14, 2018  - POSTED IN Key Gold Headlines

If you have the choice between an investment with low risk and a high potential for return, or an investment with high risk and a low potential for return, which would you take?

The answer seems obvious, right? You want to take on the lowest risk possible while getting the best potential for a good rate of return.

Well, if you factor risk levels into your investment calculation, buying silver looks like a good bet right now – especially when compared to stocks and real estate. 

POSTED ON March 13, 2018  - POSTED IN Key Gold Headlines

Three more states are moving toward repealing taxes on the sale of gold and silver bullion.

Last week, Alabama Gov. Kay Ivey signed a bill into law exempting the sale of gold and silver bullion from state sales and use tax. The repeal of the tax not only lowers the cost of investing in gold and silver, it will also open the door to using precious metals in everyday transactions,  and it takes the first step toward breaking the Federal Reserve’s monopoly on money.

POSTED ON March 13, 2018  - POSTED IN Key Gold Headlines

Last week, Peter Schiff was a guest with Nicholas Merten of DataDash. In comparing and contrasting Bitcoin and gold, Peter brought up the fact that gold has intrinsic value outside of its use as money. People want to own gold because of its unique qualities.

The reason gold became money in the first place is because everybody wanted gold because of what gold is, because of the tangible, physical properties of that rare element – all of the things that you can do with the metal. It is a luxury good that people have desired for time immemorial.”

And in recent years, gold has been increasingly valued for its use in various technological applications. In a report late last year, the World Gold Council reported the demand for gold in the technology sector has been growing since 2016 and that growth is continuing to accelerate due to new innovations.

POSTED ON March 12, 2018  - POSTED IN Key Gold Headlines

Jobs numbers came out Friday better than expected.

According to the Labor Department, the US economy added 313,000 jobs last month, the most since October 2015. Economists had anticipated a gain of about 200,000. Wage growth was less stellar, ticking up just 0.1%. Analysts projected a 0.2% increase after a pretty significant jump of 0.3% in January spooked markets with inflation fears.

In his latest podcast, Peter Schiff said if he was a conspiratorial person – and he’s not – he would say, “Wait a minute, this looks too good to be true.”

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