The latest reports from the Bureau of Labor Statistics and the New York Federal Reserve paint a troubling picture of America’s job market. Payroll growth is slowing, unemployment is ticking higher, and households are increasingly uncertain about their own financial futures.
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Gold is once again proving why it has been trusted for thousands of years as the ultimate store of value. Futures prices surged past $3,600 an ounce this week, while spot gold traded above $3,530, both setting new all-time highs. Silver joined the rally, climbing above $40 for the first time since 2011.
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When most people think about saving for retirement, they picture 401(k)s or traditional IRAs invested in stocks, bonds, or mutual funds. But the IRS also allows retirement savers to hold physical gold and other precious metals in a self-directed IRA — often called a Gold IRA.
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Got gold? Inflation, trillion dollar spending packages, tax increases, geopolitical instability, and an overcooked stock market are just some of the reasons investors are pivoting out of stocks and into precious metals.
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