The market is taking another brutal beating today, with the S&P 500 Index down more than 10% since the start of 2016, while the Dow Jones Industrial Average has retreated nearly 12%.
Janet Yellen’s chat with the House and the Senate finance committees is forcing Wall Street to face the cold, hard fact that the U.S. economy is struggling and we don’t have an easy way out of this mess.
But there is one bright spot within the market as stocks, oil and the dollar tumble.
Gold is shining. The precious metal tagged a new 52-week high this morning of $1,244 an ounce and is up 17% since the beginning of the year.
The yellow metal is a favored safe haven when the market turns rocky and this could be just the beginning of gold’s run higher…
Debt and the Financial Endgame
Famed investor Jim Rogers says American investors aren’t heeding the warning signs of bloated debt, out-of-control central banks, ultra-low commodity prices and rising international tensions (all of which The Sovereign Society has likewise been warning about for years).
In the last of our video interview series with Jim, he discusses his view on growing debt loads and the financial system’s “end game.”
He also spends time discussing his decision to move from New York to Singapore nearly a decade ago, and whether he thinks it was the right decision to make for him and his family.
Click the image below to view the third part of Jim Rogers’ interview.
Editorial Director, The Sovereign Society
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