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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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4 Good Reasons to Read Gold IRA Reviews

By Enero Febrero

Finding the perfect gold IRA company for you can be quite difficult, especially if you're dipping your toe into the gold market for the first time and aren't exactly knowledgeable about gold or gold IRAs. The good news is that educating yourself ...

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February 1, 2022

100 Words On: A Guaranteed Way to Preserve Your Wealth

By Len Penzo

Fiat-based paper currencies facilitate commerce by acting as a medium of exchange that's far preferable to bartering. Unfortunately, governments that wish to spend beyond their means can -- and do -- print fiat with impunity, thereby leading to ...

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November 4, 2021

Silver and Gold: The Superheroes of Wealth Preservation

By Len Penzo

Back in 1964, a gallon of gasoline cost about 25 cents in the United States. That's right. Believe it or not, way back in 1964, you could buy a gallon of gas for a quarter. It just so happens that 1964 was the last year that the US Treasury minted ...

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October 25, 2021

Mailbag: When It Makes Sense to Take the 401k Withdrawal Penalty

By Len Penzo

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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September 27, 2021

5 Strategies for Protecting Your 401(k) Savings from Economic Collapse

By Len Penzo

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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September 20, 2021

A Gold Trading Primer for Newbies

By Enero Febrero

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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July 1, 2021

Historical Gold & Silver Benchmarks for Wages and Commodities

By Len Penzo

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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May 31, 2021

21 Reasons Why Silver Is the World’s Second Most Valuable Commodity

By Len Penzo

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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April 26, 2021

5 Reasons Why Gold Is The Best Metal To Invest In

By Tex Freitag

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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April 7, 2021

7 Big Lies About Gold that Wall Street Doesn’t Want You to Know

By Keith Weiner

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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July 7, 2020

How to Incorporate Gold In an Investment Portfolio with ETFs or Cashgold

By Tex Freitag

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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June 5, 2020

Economic Collapse 101: Ten Ways to Prepare for the Unknown

By Len Penzo

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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March 9, 2020

The End of the Almighty Dollar: Why a Gold Standard Return Is Inevitable

By Len Penzo

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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November 19, 2018

The Pros and Cons of Gold Investing

By Enero Febrero

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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May 25, 2018

Which Factors Determine the Price of Precious Metals?

By Tex Freitag

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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January 30, 2018

What Are the Brexit Implications on Gold?

By Benjamin Watt

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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October 6, 2016

What Will Happen If Everyone Pulls Their Money from the Bank Today

By Len Penzo

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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May 11, 2016

Got Gold? The Perth Mint Doesn’t. They’re Sold Out.

By Len Penzo

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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February 13, 2016

Inflation Deniers Are Foolishly Emboldened by Gold’s Struggles

By Clint Siegner

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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August 2, 2015

An Example of How Saving In Cash Erodes Your Long Term Purchasing Power

By Len Penzo

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 ...

Continue reading An Example of How Saving In Cash Erodes Your Long Term Purchasing Power

March 31, 2015

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