When we talk about the student loan crisis, we tend to focus on millennials. After all, they are the ones impacted most directly by the ever-increasing burden of student loan payments. Student loan debt is one of the biggest factors driving a growing trend of millennials struggling to transition into adulthood. But increasingly, student loan debt is also impacting baby boomers and threatening their retirement.
Hedge funds are betting on gold, boosting gold futures and options to the highest level since last November, as investors scramble for golden life rafts.
Gold has advanced by 11% this year, and investors seem to think the gold bulls will continue to run, according to a Bloomberg report. In addition to betting up futures, investors are also loading up on the yellow metal through exchange-traded funds (ETFs). They poured $487 million into SPIDR Gold Shares last Wednesday. That represented the largest daily inflow into the top gold bullion ETF in seven months. According to Bloomberg, a weakening dollar and rampant uncertainty are driving investors into the safe haven of gold.
Are you worried about money? A lot of Americans are. According to a widely reported survey by CreditCards.com, 65% of Americans say they lose sleep over financial concerns. That comes in at just 4 points lower than in 2009, when, as CBS News put it, “the economy was a hot mess.”
Healthcare costs rank as the top concern, but having enough money to retire also keeps people up at night.
“For 37% of consumers, thinking about saving for retirement prepares you for sleep about as well as an espresso shot and a bucket of cold water in your face.”
File this story under the category of “worst places to store your gold.” Last year, a piano tuner in Shropshire, England, found 13 pounds of gold stashed inside a piano. This week, officials gave up trying to find the original owner.
“Be afraid!” That’s the message billionaire investor Paul Tudor Jones wants to give to Janet Yellen and investors.
According to a Bloomberg report, Tudor is saying publicly what many money and hedge fund managers are privately telling investors: Stocks have risen to unsustainable levels and a crash may well be imminent.
As Trump’s 100-day mark quickly approaches, the president aims his scorn at Canada’s trade policies while House Republicans got to work trying to amend and pass another health care bill.
Earlier this month, the Congressional Budget Office released a 55-page report on the long-term US budget outlook. Basically, it concluded what we already know: the US government is on a fiscal road to hell.
A new census report painted a rather grim picture of millennials as they make their transition into adulthood. You might call it a failure to launch. American 20-something-year-olds face low wages and high debt levels, and many are struggling to make it on their own.
Gold is an investment as well as money, but gold is also increasingly in demand for environmental and energy production applications. In 2011, new catalytic converter technology utilizing gold was introduced to the market. Catalytic converters remove pollutants from automobile exhaust. They are made from a heat resistant substrate, with a large internal honeycomb structure covered with a thin coating of tiny particles of metal.
According to the World Gold Council, research has shown that a stable and effective formulation can be obtained using a combination of gold, palladium, and platinum. Cleaning up auto emissions is just one of several new ways the yellow metal is helping clean up the environment.
With April 15 falling on Easter weekend this year, tax day in the United States was moved to April 18. Although Americans got a few days reprieve, the tax-man inevitably made his annual appearance, and we are all poorer for it.
