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How Can Central Banks Affect Gold Prices?

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Central banks can impact gold prices in several ways. Primarily, they adjust monetary policy, influencing interest rates and the value of currency, which in turn, can shift demand for gold. They sometimes intervene directly in gold markets, adjusting supply and demand. Central banks may lease gold to commercial banks or make targeted verbal interventions that…

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How Do Global Trade Tensions Affect My Retirement?

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You might not realize it, but the ups and downs of global trade tensions can directly impact your retirement plan. As national economies intertwine and clash, your pension or 401(k) hangs in the balance. These geopolitical tugs of war can cause dramatic shifts in the value of your investments. But, how exactly does this happen?…

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What Happens to Your Savings When Interest Rate Increases?

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Imagine your savings as a garden, where the interest rate serves as the sunlight that helps your money grow. When the interest rate increases, your garden gets more sunlight, helping it to flourish more quickly. However, it’s not as simple as it sounds. These elevated interest rates could also mean more expensive loans and mortgages,…

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What Are the 4 Types of Investments?

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Are you interested in investing your money? Fortunately, here are four different kinds of investments that can assist you in achieving this goal.  From cash investments to property investments, each type offers its unique benefits and risks. But which one is right for you? Well, you’ll just have to keep reading to find out. Stocks…

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How to Store Money Without a Bank

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Seeking secure and savvy solutions to stash your savings sans a standard bank? Look no further! Unveiling alternative avenues to amass your money, this discussion dissects the diverse mechanisms, steps, and factors to consider when storing your hard-earned cash without relying on traditional financial institutions. From physical storage options for cash and valuables to digital…

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Is the US Dollar Getting Stronger or Weaker?

A close up of a gold bar.

Have you ever considered how the ebb and flow of the global economy affects the strength of the dollar in your wallet? As you delve into the financial world, you’ll find that the dollar’s might is a barometer of international economic health. It’s not just about numbers on a screen; it’s about how the US…

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What Is Fiscal Policy?

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You might have heard the term ‘fiscal policy’ thrown around in the news or during economic debates. But what exactly does it mean? In simple terms, fiscal policy involves the strategies employed by a government to manage its income and spending. It’s about how your government adjusts its levels of spending and tax rates to…

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What is GDP?

a stack of 100g gold bars

You’ve most likely heard the term GDP thrown around in the news, especially when the health of the economy is being discussed. But what is GDP, and why does it matter? In simple terms, GDP, or Gross Domestic Product, is the total value of all goods and services produced by a country in a certain…

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What is a Self Directed IRA?

The word IRA is spelled out on a dollar bill.

Are you interested in having more control over your retirement investments?Do you wish that you could directly influence the growth of your nest egg, beyond just choosing which mutual funds or stocks to invest in?If you answered ‘yes’ to these questions, then a self-directed Individual Retirement Account (IRA) might just be the solution for you.It’s…

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What Is Stagflation?

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You may have heard the term ‘stagflation’ being thrown around when discussing economic downturns, but what exactly does it mean? Well, you’re in luck, because we’re here to break it down for you. Stagflation is a rare and dreaded economic phenomenon that combines stagnant economic growth, high unemployment, and high inflation – basically, it’s like…

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