The U.S. national debt has increased by $1.186 trillion since Congress suspended the debt ceiling back in September. This amounts to a troubling 6% increase, and it doesn’t look like it will be slowing down anytime soon.
For most market participants, February was marked by a massive jump in volatility which spread across virtually every asset class except gold. See why Sprott Asset Management says this showcases gold’s strengths in this week’s News to Know.
New Jersey has the 2nd worst credit rating and the most underfunded public pension fund in the U.S. Now, Governor Murphy has a desperate plan to save public pensions that could lead to a disturbing trend.
On March 26, China will finally launch a yuan-dominated oil futures contract. With approval, the “petroyuan” will become real and China will be set to challenge the “petrodollar” for dominance.
On February 5th, Jerome Powell was sworn in as the new chairman of the Federal Reserve. The next day he hinted that some big monetary policy changes were on his mind that could have serious consequences.
Crossborder Capital’s managing director Michael Howell said that gold has a lot of long-term potential. See why he considers the yellow metal the best safe asset in this week’s News to Know.
In his annual letter to investors, Warren Buffett revealed Berkshire Hathaway now has a cash-on-hand balance of more than $116 billion. But with it he announced a shocking decision that should serve as a warning to investors.
Precious metals, such as gold, tend to be the go-to investment during times of fiscal uncertainty. To further emphasize its value, founder of Alt-Market.com Brandon Smith explores how gold prices perform during economic crisis.