.The Price Of Gold Just Hit A Record High
.Notes From The Field By Simon Black
September 12, 2019 San Juan, Puerto Rico
The Price Of Gold Just Hit A Record High
A few hours ago, the European Central Bank announced a bonanza stimulus package: interest rate cuts, money printing, quantitative easing, the whole nine yards.
Europe’s economic growth has ground to a halt. The German economy actually shrank last quarter, according to official statistics.
So the European Central Bank is throwing everything including the kitchen sink at this problem. Their stimulus package is like a monetary defibrillator trying to shock Europe’s economies back to growth.
It’s pretty amazing when you think about it: interest rates in Europe are already NEGATIVE. They’ve been cutting rates for years, and it hasn’t worked.
Back in July 2008, the European Central Bank’s main interest rate was 3.25%.
.Here’s Every Reason To Avoid Buying A Gold ETF
.Notes From The Field By Simon Black
September 9, 2019 Bahia Beach, Puerto Rico
Here’s Every Reason To Avoid Buying A Gold ETF
Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print.”
This morning I read through the prospectus and annual reports of the most popular Gold ETFs in the world.
First, some background:
ETF stands for ‘exchange-traded fund’. It’s sort of like a mutual fund that’s listed on the stock exchange, meaning investors can buy/sell shares of an ETF just like they would buy/sell shares of Apple, Ford, or (God help us) Netflix.
.Here’s A Really Unique Way To Own Gold
.Notes From The Field By Simon Black
September 5, 2019 Bahia Beach, Puerto Rico
Here’s A Really Unique Way To Own Gold
Last week we dove into a series about different ways to own gold. And I explained in that first article why it’s a great idea to own physical bullion-- gold you can hold in your hand.
With physical gold, there’s no middleman standing between you and your wealth. And when properly stored, it’s very difficult for some frivolous creditor or out-of-control government agency to steal it.
When it comes to physical gold, I explained that I prefer gold coins over gold bars.
Gold bars are completely non-uniform. A typical 400-ounce gold bar (like the ones you see in the movies, or that you imagine are stacked up in Fort Knox) could weigh as little as 350 ounces, or as much as 430 ounces. They’re all different.
.Here’s A Dirty Secret Few People Know About Gold
.Notes From The Field By Simon Black
August 26, 2019 San Juan, Puerto Rico
Here’s A Dirty Secret Few People Know About Gold
In 1962 in a picturesque setting in Santa Barbara, California, two local entrepreneurs opened a low-cost, roadside inn where the nightly room rate was just $6.
They called it Motel 6.
And today the chain has grown to over 1,400 locations.
If you want the most straightforward explanation for why you should own gold, consider your local Motel 6.
.4 Compelling Reasons To Be Thinking About Gold
.Notes From The Field By Simon Black
August 21, 2019 San Juan, Puerto Rico
4 Compelling Reasons To Be Thinking About Gold
From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective.
The last few weeks have been nothing short of incredible… so many important things happening that have never happened before ever. Let’s take a step back together:
1) $50 Billion To “Elevate Your Consciousness”
As we discussed on Monday, WeWork filed its formal IPO paperwork in the United States last week, indicating that the company will be worth nearly $50 BILLION when it goes public.