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President Joe Biden’s administration is being pressured by their supporters to erase the exorbitant student loan debt in the United States, which has hit record highs of over $1.71 trillion collectively owed. President Biden has not compromised his original $10,000 per borrower campaign pledge. Democratic senators, including Elizabeth Warren, Majority Leader Chuck Schumer and Ed Markey of Massachusetts are holding Biden accountable in using his presidential authority to pursue a more ambitious goal of cancelling $50,000 in federal student loan debt per borrower. Student loan forgiveness has been a hot topic on the Biden agenda since the beginning of his campaign and a hot topic in the United States since Occupy Wall Street. The United States has a whopping $1.7 […]

The Real Price Of Government Bailouts


Crater in the Earth from gold mining
Imagine a scenario where the demand for precious metals significantly increases. Gold is being bought and sold en masse and traded as a currency. This could be the result of an economic crisis where the value of the US dollar ($USD) plummets. Would there be enough gold and silver to go around?  Gold Is Finite, Therefore Expensive  Gold is a finite resource that was actually formed in outer space before it was kneaded into the veins of the Earth by geothermal activity. It takes a lot of mining to produce a single ounce of gold. Once bought, it rarely leaves the hands of the buyer, as it’s most often bought as insurance. It’s understandable why it’s so valuable and why […]

Will There Be Enough Physical Gold And Silver?


When it comes to buying gold, you need to go into it with the right mindset. You need to know what is realistic and what is not. We’ve been in the business for several decades and have seen too many people who want to invest in gold for the wrong reasons. There are issues you need to be aware of before purchasing gold and precious metals. Naturally, any gold dealer will probably tell you investing in gold is a wonderful idea with no downsides. We want to save you from any disappointment and ensure you’re well-educated and informed before you make your purchase.  Investing in gold is one way to diversify your investment portfolio but is it the same as […]

Managing Expectations When Buying Gold


Today we are taking our weekly look at the charts for gold and silver. Republicans and Democrats continue to play the “will they, won’t they?” video game over another stimulus plan in a Covid19 damaged US economy. An arrangement on a package will ultimately be seen as favorable for the marketplaces but, with the US Election simply weeks away this may show to prolong negotiations or postpone decisions until the outcomes of the election are clear and accepted by all. Will Gold Now Retest $1,930? As you can see from the gold chart below, gold has actually rallied on positive stimulus news and drew back as negotiations stall. After the previous “false break” above $1,910, gold when again closed above […]

[ChartWatch] Is the United States Election the “Cork in the ...