Peter's Blog

How Much Gold Is There?

How much gold is there in the world? Short answer: not much. That’s good news because gold’s value lies in its scarcity. After all, nobody picks up gravel off the ground and stores it in a safe. But if you find a gold nugget, you can take that to the bank – quite literally. Most people are […]

Trump Tax Plan Looks Good, But Hold the Celebration

Yesterday, the Trump administration rolled out its tax reform plan, or more like an outline for the plan. While it contained a lot of red meat for supporters and plenty of things to like, it lacked some important specifics and faces an uphill battle in Congress.

The Healing Power of Gold and Silver

There is healing power in gold and silver. Both precious metals serve as an investment as well as money. Gold and silver also have technological applications. We recently reported that gold is the new green with a growing number of environmental applications. Today, we focus on some of the amazing developments using gold and silver in healthcare applications.

Gold Demand Expected to Increase with Indian Holiday

An important Hindu holiday will take place on Friday, and Indians are expected to celebrate by rushing to buy gold. Akshay Tritiya ranks as one of the four most important days for Hindus. The word Akshay roughly translates to “the never diminishing”. The day is believed to bring good luck and success. It is also considered […]

American Middle Class Is Caught in a Vise

Today the American middle class is caught in a vise: squeezed by debt and facing a devalued currency. Add to that an increasing cost of living, stagnant wages, taxes, and government over-regulation and it’s easy to see why the “bedrock” of the US economy is struggling to keep up. A Pew Research report published in […]

Student Loan Debt Now Big Problem for Baby Boomers

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 […]

Investors Rushing for Golden Life Rafts

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, […]

Money Worries Keeping Americans Up at Night

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 […]

Cross ‘Piano’ Off Your List of Best Places to Store Gold

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.

More Warnings of Stock Market Bubble from Major Investors

“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.