We Didn’t Start the Fire

We Didn’t Start the Fire… The whole world appears to be burning these days. Ukraine remains embroiled in war; the Middle East is erupting (again); mortgage rates hit 8%; inflation; the President is a bit fuzzy; the Republican House can’t find a Speaker; crime is up; the U.S. (and the entire world) is drowning in […]
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Picks and Shovels

Picks and Shovels The 1848 discovery of gold at Sutter’s Mill in Coloma, California resulted in several hundred thousand prospectors rushing to strike it rich during the California Gold Rush. For most, the dream of riches remained just that, as most prospectors had little to show for their efforts. However, you did not have to […]
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Gradually, Then Suddenly

Gradually, Then Suddenly We’re getting more than a bit tired of the debt ceiling ‘debate’ (and we use that term very loosely). The sooner this comes to head and is ‘resolved’ (again, we use the term loosely), the better. Fundamentally, it is impossible to resolve our debt problem in the next 2-3 weeks. The current […]
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Gold is Money. Everything Else is Credit.

Gold is Money, Everything Else is Credit. Question of the week: If gold is an inflation hedge, why did it fail to perform well last year when inflation was rampant? And if inflation is receding now, why is gold now approaching new all-time highs? Bloomberg Markets Live produced an article this week answering that question; […]
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Wall Street Forecasting | Philip Palumbo

Wall Street Forecasting | Philip Palumbo In today’s video, Phil Palumbo speaks about forecasting Wall Street. Please Click Here to view.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or exempt from licensure. For additional […]
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Investing in Commodities | Philip Palumbo

Investing in Commodities | Philip Palumbo In today’s video, Phil Palumbo discusses investing in commodities and his advice for doing so. Please Click Here to view.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or […]
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This Week in History | August 20, 2022

This Week in History 51 years ago, on August 15, 1971, the gold standard came to a close as the gold-dollar peg was completely removed. From that date forward, we have had a fiat currency, that is, a currency not backed by anything tangible. The result? Since August 1971, the CPI has risen more than […]
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