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Pension Funds Start Looking to Gold to Avert Disaster

Pension Funds Start Looking to Gold to Avert Disaster
By Stefan Gleason, Money Metals Exchange Public and private pension plans face a dual crisis. The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red. Some are in better shape financially than others. But all pension plans will have to... Read More

Fed Chairman Powell Is Vowing to Wreck the Currency

Fed Chairman Powell Is Vowing to Wreck the Currency
By Mike Gleason, Money Metals Exchange As the Federal Reserve embarks on a new campaign to raise inflation rates, markets may be in for a change in character.  On Wednesday, Fed Chairman Jerome Powell announced that the central bank would be targeting an inflation “average” of 2%. By the Fed’s measures, inflation has been running below 2% in recent years.... Read More