[Most Recent Quotes from www.kitco.com]

Why Gold Is The King Monetary Asset, Not Bitcoin

There seems to be a lot of misinformation being peddled on the internet about gold and bitcoin. One major misconception is the notion that bitcoin will replace gold as a monetary instrument. Some analysts, once stanch precious metals advocates now turned crypto aficionados, believe in such theories that there is too much gold in the world to be used as money or that it is now just a barbarous relic. Just a year or so ago, these same supposed analysts were criticizing the Mainstream media financial network talking heads for calling gold as a barbarous relic, but now have jumped on the bandwagon. Continue reading

Posted in The Mine or the Shaft, Viewpoint | Leave a comment

Rickards: Blundering Into Recession

June 12 is just three weeks away…

That’s when the Federal Open Market Committee, FOMC, the Fed’s interest rate policy arm, will in all likelihood raise interest rates another 0.25%, the seventh such rate increase since the “liftoff” in interest rates in December 2015.

The market is currently putting the odds of a rate hike at 95%. Continue reading

Posted in The Mine or the Shaft, Viewpoint | Leave a comment

Nearly 51 Million Households In The United States ‘Can’t Afford Basics Like Rent And Food

If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”. A stunning new report that was just put out by the United Way ALICE Project shows that the gap between the wealthy and the poor in this country is perhaps the biggest that it has been in any of our lifetimes. In some of the wealthiest areas of the nation, homes are now selling for up to 100 million dollars, but meanwhile tens of millions of families are barely scraping by from month to month. Many believe that this growing “inequality gap” is setting the stage for major societal problems. Continue reading

Posted in The Mine or the Shaft | Leave a comment

Backing Up” Your Off-The-Grid Finances

History shows financial meltdowns surprise most people. Do you have an off-the-grid backup plan in place, just in case?

Our Financial System is Wobbling
One of the most critical systems that almost all of us rely upon is among the most complex and unreliable – the financial system.

News reports indicate that the financial networks are far more prone to breakdowns and malfunctions that most of us believe. To make matters worse some of the big banks seem to be preparing for the total failure or the current financial system.

Some examples of the unreliability of financial technology include: Continue reading

Posted in Let's Get Physical, The Mine or the Shaft | Leave a comment

The Two Most Important Reasons To Invest In Gold & Silver

As the markets and financial system continue to be propped up by an ever-increasing amount of debt and leverage, precious metals investors need to understand the two most important reasons to invest in gold and silver. While one of the reasons to own precious metals is understood by many in the alternative media community, the more important critical factor is not.

The motivation to write this article is due to the increasing amount of negative sentiment and comments in regards to precious metals analysis and investing. There’s a very interesting notion put forth by many commenters that the precious metals analysts and dealers are the frauds and charlatans, not Wall Street or the Central Banks. I imagine they believe this because gold and silver prices haven’t performed as forecast or compared to the insanely inflated stock, real estate, and crypto markets. Continue reading

Posted in Let's Get Physical | Leave a comment

Bitcoins, Beer and the Student Loan Disaster

How much of this should the American taxpayer subsidize?

A large percentage of the $1.48 trillion student loan debt accumulated by Americans was never spent on tuition at all. Instead, much of that money went towards everything from beer, Bitcoin, spring break shenanigans and exotic reptiles.

More than one in five; or 21.2% of college students, surveyed by The Student Loan Report admitted to spending student loan money on cryptocurrencies like Bitcoin (BTC). That speculation is risky because Bitcoins lost almost 65% of their value between December 2017 and April 2018. A Bitcoin was trading at $19,205.11 on December 17, 2017, and $6,701.40 on April 5, 2018, data from Coinbase indicates. Continue reading

Posted in The Mine or the Shaft | 1 Comment

401(k) lawsuits are surging. Here’s what it means for you

Lawsuits may lead to lower fees, but may also stifle innovation.

Litigation related to 401(k) plans — which had declined after the Great Recession — has surged again recently. Over 100 new 401(k) complaints were filed in 2016-17, the highest two-year total since 2008-09. A recent study explores the causes and potential consequences of this litigation. Continue reading

Posted in The Mine or the Shaft | Leave a comment

The 3 Stage Housing Bubble Collapse

Most Americans don’t know, but the housing market is heading toward another epic bubble. However, the bubble forming today is much different than the subprime housing meltdown in 2007. Back in 2007, there was an oversupply of homes, whereas today there is a shortage. With more buyers than sellers bidding up prices, the U.S. median home price value hit a new record high of $338,000 at the end of 2017.

Unfortunately, wages have not kept up with rising home values. For example, the average hourly earnings have only increased 21% since 2009. However, the U.S. median home price $330,000 in Q1 2018 is 53% higher… Continue reading

Posted in The Mine or the Shaft | Leave a comment

A Cashless Society – It is Coming

You love your credit cards, right? Handy and easy, you just whip it out and purchase whatever you want. No cash; no hassle. And everyone makes it so easy for you

Before you bask in all this convenience, consider just who is gaining from this war on cash.  Continue reading

Posted in The Mine or the Shaft, Viewpoint | Leave a comment

High-Paying Trade Jobs Sit Empty, While High School Grads Line Up For University

Garret Morgan is training as an ironworker near Seattle and already has a job that pays him $50,000 a year. – Sy Bean/The Hechinger Report

Like most other American high school students, Garret Morgan had it drummed into him constantly: Go to college. Get a bachelor’s degree.

“All through my life it was, ‘if you don’t go to college you’re going to end up on the streets,’ ” Morgan said. “Everybody’s so gung-ho about going to college.”

So he tried it for a while. Then he quit and started training as an ironworker, which is what he is doing on a weekday morning in a nondescript high-ceilinged building with a concrete floor in an industrial park near the Seattle-Tacoma International Airport.

Morgan and several other men and women are dressed in work boots, hard hats and Carhartt’s, clipped to safety harnesses with heavy wrenches hanging from their belts. They’re being timed as they wrestle 600-pound I-beams into place. Continue reading

Posted in The Mine or the Shaft | Leave a comment