Making Money Minute with Ron Hiebert - Debt & Gold Prices
It used to be that the US government would step in with extra borrowing to stabilize the economy in times of war or financial duress. Since Covid, spending has gone crazy and the debt machine no longer has any brakes. Not only does the US have to find buyers for new debt, but past borrowing needs to be rolled over and renewed. Of the 37 trillion the US owes, 1/2 of it will mature in the next three years and have to be refinanced at two to three times the interest rates they borrowed at in the past. No wonder gold prices have doubled.
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Making Money Minute with Ron Hiebert - Debt & Gold Prices
It used to be that the US government would step in with extra borrowing to stabilize the economy in times of war or financial duress. Since Covid, spending has gone crazy and the debt machine no longer has any brakes. Not only does the US have to find buyers for new debt, but past borrowing needs to be rolled over and renewed. Of the 37 trillion the US owes, 1/2 of it will mature in the next three years and have to be refinanced at two to three times the interest rates they borrowed at in the past. No wonder gold prices have doubled.
Making Money Minute with Ron Hiebert - Speculation In TFSA’s
The advantage of a TFSA is that investment gains within it are tax free. This makes it tempting for investors to put their speculative investments inside this shelter. If they hit a home run on one of them, the investor won’t have to share gains with the Canada Revenue Agency. The problem with this argument, is most speculative investments lose money. By putting them in a Tax Free Savings Account, you are unable to write losses off against capital gains, like you could in a regular investment account. Thus losing a major tax deduction. For more information, listen to our Making Money podcast hosted by Ron Hiebert and Gord Whitehead at letsmakemoney.ca or CFCW.com.
Making Money Minute with Ron Hiebert
Making Money Minute with Ron Hiebert - Debt & Gold Prices
It used to be that the US government would step in with extra borrowing to stabilize the economy in times of war or financial duress. Since Covid, spending has gone crazy and the debt machine no longer has any brakes. Not only does the US have to find buyers for new debt, but past borrowing needs to be rolled over and renewed. Of the 37 trillion the US owes, 1/2 of it will mature in the next three years and have to be refinanced at two to three times the interest rates they borrowed at in the past. No wonder gold prices have doubled.
