Fed Signals Three Rate Hikes In 2018

Investment | March 22, 2018

The Federal Reserve hiked interest rates by a quarter percent as expected on Wednesday. That lifted the benchmark Federal funds rate to 1.50-1.75%.  That move was widely telegraphed by Fed officials for months and markets were well prepared for the news. What surprised investors was an additional rate hike penciled in for next year. Key […]

Thrills, Spills, and Chills

Investment | March 20, 2018

A Thrilling Ride… On February 5th, the stock market fell out of bed and broke both legs. The Dow Jones Industrial Average fell by 4.6%. While equity markets hit free fall, gold climbed. This dynamic illustrates once again the risk-mitigating characteristics of gold. “The stronger the market pullback, the stronger gold’s rally,” remarked The World […]

Celtic Pride: Early Coinage as a Historical Record

Market News | March 15, 2018

Today we associate gold with investments and stores of wealth. However, a look at history reveals that gold had even more pragmatic uses. Some of the earliest Irish coinage served as payments from convicted criminals to victims or victims’ families. These early pieces of gold were rings, rather than coins. Coinage was a natural step […]

FDR to Americans: Stop Hoarding Gold!

Gold | March 13, 2018

The year was 1933. It was the height of the Great Depression. The average income of an American family had declined by 40 percent over the past four years. If you had a job you were one of the lucky ones. Bread lines and soup kitchens were common. It is estimated that half of all […]

Will The Steel Tariffs Really Only Cost You A Penny?

Gold | March 11, 2018

You’ve probably heard the news.  Last week, President Trump signed off on two new tariffs of 25% and 10% on imported steel and aluminum, respectively. The Commerce Secretary Wilbur Ross has been trying to sell these tariffs as “no big deal” to the U.S. public. Mr. Ross recently appeared on TV holding a can of […]