The Fed, or Federal Reserve System, was established in 1913 as a central banking system for the United States with the intent purpose of 1) maximizing employment, 2) stabilizing prices, and 3) moderating long-term interest rates. Since then, the responsibilities of the Federal Reserve have expanded often causing confusion around the roles and responsibilities of the entity.
Archive Articles from David Fischer
Don’t Buy Your Graduate a Car, Buy Gold Instead
It has arrived. The time of year when stores are full of paraphernalia touting the 2016 in various combinations of gold, silver and black sparkles. Balloons, cakes, cards, and an endless supply of teddy bears, customized jewelry, and personalized paperweights. Mom’s best friend is bound to give an inspirational book and Aunt Carol will likely pick up one of those silly picture frames with the 2016 plastered all over it. Then there’s the most thoughtful relative that presents the car, perfectly wrapped with a big red bow on the roof, shining like a brilliant star atop the Christmas tree. [Read more…] about Don’t Buy Your Graduate a Car, Buy Gold Instead
What Surging Gold Mining Stocks Mean for Gold's Future
The most significant factor, when it comes to investing, is the investor’s confidence or uncertainty in the investment. With the aforementioned declines occurring, investors’ faith in stocks, oil, and the dollar are quite shaken. Because of the physical nature of Gold, many investors turn to the precious metal as a safe investment and now, with gold up these recent months, savvy investors are considering gold mining stocks as a worthwhile investment. [Read more…] about What Surging Gold Mining Stocks Mean for Gold's Future
Determining the Price of Silver and Gold
Back in England 1919 a principal group of bullion traders and refiners got together to determine a fair price for precious metals. Each member of the group representing their own interests and the interests of their clients (meaning each bullion trader owns precious metals in their name and represents investments of their clients) gathers in a room to buy or sell their precious metals. One by one the traders would state the amount of silver, for example, that they want to buy or sell. Once each representative made his intentions know, the chair reviewed the requests and determined if the amount to buy was larger than the amount to be sold or visa-versa. If more there was more demand to buy than to sell, the chair would propose a higher price of silver; if the demand to sell was larger than to buy, the chair would propose a lower price of silver.
Steps to Creating Wealth and Building a Future
When you google “creating wealth” you’ll find a variety of articles, quotes, videos, etc. touting their version of the steps to wealth building. You’ll see the “8 keys to creating wealth” and “the 9 tools to building wealth”, “106 steps to wealth building” Well, maybe not that last one, but you get the point. While these pieces maybe good, they lack an essential component to creating wealth: What is wealth?
In order to truly reach your goals of creating wealth, you must first define what that looks like. Is wealth having a yacht in Southern France? Is it living in a quaint ranch house in the Colorado Rockies? Taking the kids or grand kids on meaningful vacations every year? Or perhaps having the freedom to spend most of your time doing what you love? [Read more…] about Steps to Creating Wealth and Building a Future