By Jeff Clark, Senior Precious Metals Analyst
“Gold is one of the dumbest things to put in your IRA,” said the slick TV commentator, with his $200 haircut, perfect white teeth, and superior attitude. “Everyone knows income-producing vehicles are best for an IRA.”
It was a prepackaged message from someone that sounded like he hadn’t given any more thought to the topic than what he’d read somewhere. His advice was misleading and
Author: Teresa Matich
An analyst favorite, Fission Uranium (TSXV:FCU) has continued to make waves in the uranium space this year. Since the release of a larger-than-expected maiden resource estimate for the Triple R deposit at its Patterson Lake South (PLS) property in Saskatchewan, the company has continued to put out impressive drill results.
By Nick Giambruno
It ranks at the very top of potential tax nightmares, especially if you invest internationally.
This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.
It’s not illegal to invest in a PFIC, but practically speaking, the costs of doing it are so incredibly onerous that it’s prohibitively expensive in the vast majority of cases.
By Doug Casey
Interviewed by Louis James, Editor, International Speculator
L: Well, Doug, we’ve seen another quarter of high volatility and significant world events. What strikes you as most important at present?
Doug: Everything is still held together with chewing gum and baling wire, for which I’m grateful, considering what’s coming. It’s very clear to me that the global economy is in very much the same space as it was in 2007—in other words, on the edge of a precipice.
L: On the global economy, my question is this: If Obama and Yellen have saved the US and Merkel and Draghi are saving the EU, why are commodities selling off so dramatically? Iron, copper, oil—just about everything is selling off. How can an economy be recovering if it’s not using raw materials?
By Louis James
Markets fluctuate. Sectors cycle. Investors love and hate these facts, but we all know that if it were not so, it would be impossible to buy low and sell high.
The problem, of course, is that no one can time the market consistently. That makes it hard to know when low is low enough to make buying a likely one-way street and when it’s high enough to make selling a stroke of genius.
LAUSANNE, Switzerland — With a negotiating deadline just two days away, Iranian officials on Sunday backed away from a critical element of a proposed nuclear agreement, saying they are no longer willing to ship their atomic fuel out of the country.
WASHINGTON, D.C. -- A slim majority of Americans (51%) now favor the use of nuclear energy for electricity in the U.S., while 43% oppose it.
The Chart of the Week is a weekly feature in Visual Capitalist on Fridays.
In a lengthy bear market for mining stocks, there have been repeated calls by pundits for the culling of hundreds of companies that have been unable to raise new money or generate shareholder value.