Monthly Archives - September 2017

September 2017

Could North Korean Threat Spark WWIII?

Los Angeles CA, September 26 (LCR Coin Inc.) The United States was officially $20 trillion in debt on September 8, 2017. On that day, President Trump signed a bill extending the debt ceiling until December 8, 2017. The debt ceiling is the limit mandated by Congress that dictates how much debt the federal government can carry at any given time. More than half of that $20 trillion debt was added within the last ten years. After the debt ceiling has...

Recent Crises Bolster Case For Physical Gold

Los Angeles CA, September 18 (LCR Coin Inc.) Gold prices have climbed to more than $1,300 an ounce over the past few months as investors seek safe-havens for their hard earned wealth. Increased market volatility and mounting concerns over North Korea are driving the Gold price higher. The yellow metal hit a one-year high after North Korea launched its first missile over Japan and investors feared WW-III. "The US says China, North Korea’s closest ally, and Russia should do more to...

Owning Gold Is One Thing, Storing It Quite Another

Owning Gold Is One Thing, Storing It Quite Another CNBC.com As eager investors enter the fray of this modern-day gold rush, an important question arises: Where and how should gold buyers store the precious metal? “There are only two ways to buy physical gold,” says James Turk, founder of GoldMoney.com. “Buy it and store it yourself, or buy it and have someone store it for you, which is what GoldMoney does. Each alternative has advantages and disadvantages, so everyone needs to weigh...

Money Managers Dump Stocks Start Looking To Gold

Los Angeles CA, September 11 (LCR Coin Inc.) Investors are leaving stock funds in droves, and because U.S. Treasury yields are still low, gold is looking better than ever as an alternative investment. Who would have expected gold to look so good in a rising interest rate environment? Investors have pulled out of more than $30 billion in U.S. stock funds in just 10 weeks according to Bank of America Merrill Lynch. It has been the longest run of...