Big Banks Tell SEC: Derivatives Could Plummet Wall Street Again

By | Allegiance Gold Blog, Banks, Dodd-Frank Act, Federaal Reserve, Investing, Recession

More than 10 years after the 2008 economic crash, Americans are still in the dark about how megabanks’ mismanagement of derivatives risk can blow up the economy once again. According to Wall Street on Parade, recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition,…

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Americans Face Evictions as the Fed Provides Wall Street With Unlimited Funds

By | Allegiance Gold Blog, Federaal Reserve, Gold Investments, Investing, Investing Tips | No Comments

The CDC’s plan for struggling Americans falls strikingly short of the Federal Reserve’s instant outpouring of monetary support for Wall Street. As some Americans are slowly making their way back into their office from furloughs, 30 Million Americans are still out of work and facing evictions or foreclosures with little…

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Buffett’s Berkshire Hathaway Exits Banks And Puts Their Money On Gold

By | Allegiance Gold Blog, Gold Investments, Investing, MarketWatch, Warren Buffett

Warren Buffett’s Berkshire Hathaway revealed a new position on Gold amid a roller-coaster week in the precious metals market. Gold is back to its upward trajectory. On Friday, August 14, 2020, MarketWatch reported that Warren Buffett’s Berkshire Hathaway Inc. unloaded more than a quarter of its stake in Wells Fargo…

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Traders Step in to Buy Gold and Silver Amid Price Dip Uptrend

By | Allegiance Gold Blog, Gold & Silver, Gold Investments, Investing, U.S. Dollar

Investors are capitalizing on the dip in gold and silver spot prices, initially derailing a multi-week rally that is now swiftly rebounding. Gold has recently scorched to record highs, as US lawmakers stand to approve another trillion-dollar stimulus bill to cushion the economic impact of the coronavirus pandemic. Governments and…

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Gold And Silver Rebound After Price Pullbacks Maintaining Their Rally

By | Allegiance Gold Blog, Gold & Silver, Gold Investments, Investing

Gold and silver rebound after dipping below their previous highs. Investors see golden opportunity for a second chance. Gold and Silver prices have lowered midday U.S. trading, on Tuesday, dipping below the previous $2,000 benchmark, however picking back up today. Encouraging economic numbers and hopes of a new coronavirus relief…

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