I'm a middle aged male, but have very little in my retirement because I never really see myself retiring in today's America. I have around $7500 in my 401k. Should I pay the penalty, which would give me about $4500 afterwards and put this money ...
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5 Strategies for Protecting Your 401(k) Savings from Economic Collapse
After more than a decade of the Fed's reckless monetary policies -- in particular, persistent near-zero interest rates and their relentless de facto currency-printing campaign better known as "quantitative easing" -- the financial system has been so ...
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A Gold Trading Primer for Newbies
Although gold is wealth insurance first and foremost, there are some people who prefer to buy it strictly as an investment. Whether you're a long term investor or a short term trader, gold trading is a legitimate alternative for diversifying your ...
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Historical Gold & Silver Benchmarks for Wages and Commodities
As the value of the dollar continues to erode -- and with inflation raging almost everywhere you look -- price distortions have become so large that it's getting harder with each passing day to know the actual value of anything anymore.
The best ...
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21 Reasons Why Silver Is the World’s Second Most Valuable Commodity
During the last three decades, the world has consumed more silver than has been mined. No, really. And while most people are aware that silver is a precious metal that can be used for jewelry and silverware, as well as real money in the form of ...
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5 Reasons Why Gold Is The Best Metal To Invest In
Gold is regarded for its rich history and value. Even in ancient times, this lustrous metal has been a symbol of wealth. One of the reasons why gold is coveted as the most precious metal in the world is because of its quality that can be used as ...
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7 Big Lies About Gold that Wall Street Doesn’t Want You to Know
It's hard to say which lie about gold is the biggest whopper.
Many widely held beliefs about gold are lies -- propaganda hammered home to have us believe the only true measure of wealth is government-issued debt.
Big Lie #1: Gold is a barbarous ...
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How to Incorporate Gold In an Investment Portfolio with ETFs or Cashgold
People have diverse reasons for including an investment instrument in their portfolio, whether stocks, precious metals like gold, bonds, or any other investment vehicles.
Investment goals influence decision making because what Investor A finds ...
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Mailbag: The Skinny on Buying and Selling Precious Metals
Hi Len, I read in your blog that you recommend APMEX for buying precious metals. I've saved money to buy some bullion and I'm ready to invest! I'm just having trouble researching where to sell it when the time comes. Can you shed some light because ...
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Economic Collapse 101: Ten Ways to Prepare for the Unknown
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well ... not so much.
It's no secret that ...
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The End of the Almighty Dollar: Why a Gold Standard Return Is Inevitable
After the US decoupled the dollar from gold in 1971, officially converting the US dollar into a pure unbacked fiat currency, the power of Wall Street was unleashed. It's no coincidence that, in the years that followed, Wall Street eventually became ...
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The Pros and Cons of Gold Investing
Gold has a long history of use as a primary form of currency in many nations. And although it is no longer used as currency anymore, many people still considers it as a form of wealth insurance. Other people look to gold as an investment.
For more ...
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Which Factors Determine the Price of Precious Metals?
Precious metals such as gold, silver, palladium and platinum are, of course, much more difficult to find than others like tin, zinc, iron ore and aluminum. Throughout human history, their scarcity has made them more highly sought-after than base ...
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Why Silver May Be the Most Undervalued Asset in the World
The recent admission by several banks that the gold and silver markets are manipulated has many people claiming that the bankers' hijinks is proof positive that precious metals have been artificially undervalued for many years in order to maintain ...
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What Are the Brexit Implications on Gold?
The UK's decision to exit the European Union -- known everywhere as the Brexit -- was news that shocked the world.
Financial markets are still reeling from the financial uncertainty unleashed by that landmark decision.
Global markets reacted ...
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Economic Collapse 101: What Causes a Currency Crisis?
When a speculative attack occurs in the foreign exchange value of a currency, it results in a sudden sharp depreciation, which is known as a currency crisis. These crises can have large measurable costs on an economy, as we saw during the global ...
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What Will Happen If Everyone Pulls Their Money from the Bank Today
I am a big follower of Mike Maloney. He is the man responsible for opening my eyes and helping me understand just how our monetary and financial systems really work -- and for that I will be forever grateful.
Last month, he put out a brief video ...
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Got Gold? The Perth Mint Doesn’t. They’re Sold Out.
There are still other major bullion houses with product available, but you won't find any at the Perth Mint. (h/t: FrivolousSpendThrift at ZeroHedge)
Screen Shots: Len Penzo ...
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Inflation Deniers Are Foolishly Emboldened by Gold’s Struggles
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the fifth week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious ...
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An Example of How Saving In Cash Erodes Your Long Term Purchasing Power
The trouble with holding long-term savings in cash is that the purchasing power of the U.S. dollar decreases every year because the federal government continually spends more than it earns.
Unfortunately, the erosion of the dollar's purchasing ...
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