It's no secret that we Americans are incredibly lucky and blessed to be living in such a prosperous and luxurious place relative to the rest of the world. We have some of the best of everything: the best hotels, the best vacation spots and restaurants, the best cars, the best TVs, the best technological innovations, cell phones and computers. We still have amazing healthcare and education. There is another luxury we have that most of the rest of the world sadly doesn't have – and that is no national memory of what it is like to live through hyperinflation.
Following in the footsteps of Utah, Kansas and Texas, Oklahoma recently passed a law to allow gold as legal tender, which has led some to believe that the U.S. is slowly moving towards the gold standard. How would that work? And is it even realistic? How would you even use gold in place of the U.S. dollar? It's a fascinating topic with no right or wrong answers. In this Market Report, Will Hart and Jake Kennedy give their take on these questions. Pay special attention to the enlightening example that's taking place in Ukraine today.
According to Reuters columnist Clyde Russell, there are 3 factors that propelled gold to its all-time highs between 2008 and 2011. See why he says these 3 factors may be making a comeback in this week's News to Know.
Investors are treating the dollar as the preferred safe-haven, but this could change once markets sober up to the economic reality. See how gold is gearing up to regain its safe haven status in this week's New to Know.