Wade Guenther, a managing partner at Wilshire Phoenix, recently told Kitco News that he doesn’t see the Fed “getting in front of the inflation curve.” He added that he believes gold prices will only go higher. In other news, a new AARP survey found that 60% of American voters 25 and up are nervous about having enough savings to support a comfortable lifestyle when they retire.

 

Kitco News/Neils Christensen
The Fed won’t be able to get inflation under control, gold price is going much higher – Wilshire Phoenix

Investors are once again turning to gold, pushing prices back above $1,800 an ounce, and one firm expects gold prices to continue to move higher as it is unlikely the Federal Reserve will be able to get the inflation under control anytime soon.

In a recent interview with Kitco News, Wade Guenther, managing partner at Wilshire Phoenix, which launched the Wilshire wShares Enhanced Gold Trust (NYSE Arca: WGLD) earlier this year, said that it’s not surprising that gold has been lackluster through most of the summer as bond yields have been rising.

You can read the full story, here.

 

Fox Business/Peter Aitken
Twitter CEO Jack Dorsey’s dire warning: ‘Hyperinflation’ will soon ‘change everything’

Twitter founder Jack Dorsey has issued a cryptic warning that “hyperinflation” will “change everything.”

In typical Dorsey style, the social media CEO tweeted out his comment, saying that “it will happen in the US soon, and so the world.”

Hyperinflation is typically very high and accelerated inflation. Researchers have documented 57 cases of hyperinflation as of 2018, with the first recorded episode occurring between 1795 and 1796 in post-revolutionary France, according to The Economist.

You can read the full article, here.

 

McKnight’s Senior Living/Kathleen Steele Gaivin
‘Anxiety and regrets’ plague workers about retirement savings: Survey

More than 60% of American voters over the age of 25 responding to a recent AARP survey said they are nervous about having enough savings to support a comfortable lifestyle when they retire.

“Anxiety and regrets about retirement savings are common among voters ages 25+,” AARP researcher S. Kathi Brown wrote.

More than 50 million American workers have no access to a retirement savings plan through their employers, and 26% of people who are not retired have no savings for retirement, according to the organization.

You can read the entire story, here.

 

 

 

 

 

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