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 - Time in Retirement Grows
Since the year 2000, the costs of basic needs—such as home ownership, healthcare, and education—have consistently outpaced wage growth. This trend is expected to continue. As life expectancy increases, the amount of time we spend in retirement grows as well. By 2043, the average retirement may be 21 years. As a result, Canadians need to re-examine their financial goals. Success could mean saving more, working longer, seeking higher returns on investment or a combination of the above. The more time you have to make these adjustments the less likely you will be to outlive your retirement savings.
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.
