Inflation is a fear among many Americans, including millionaires. According to the CNBC Millionaire Survey, inflation is the number one economic fear among millionaires for the first time in recent history. In other news, gold prices hit a three-week high in early U.S. trading Friday. Since the Fed announcement, Kitco News reports gold, silver, and platinum have rallied hard and appear ready to reverse direction.


CNBC/Robert Frank
How bad is inflation? Even millionaires are worried about it.

Inflation is the number one economic fear among millionaires for the first time in recent history, according to the CNBC Millionaire Survey.

When asked about the biggest risk to the U.S. economy, inflation ranked first, alongside government dysfunction, according to the survey of investors with $1 million or more in investible assets. The results marked the first time that inflation ranked as a top worry among millionaire investors and suggests that even the wealthiest Americans are worried about the upward spiral in prices.

“It’s a big shift,” said George Walper, president of Spectrem Group, which conducts the survey with CNBC. “And their concerns have grown over the the past couple of months.”

Keep reading the story, here.


Kitco News/Jim Wyckoff
Gold price rallies amid keener risk aversion Friday

Gold prices are posting solid gains and hit a three-week high in early U.S. trading Friday, boosted by safe-haven demand as the marketplace is showing a bit of anxiety to end the trading week. February gold was last up $15.40 at $1,813.50 and March Comex silver was last up $0.12 at $22.605 an ounce.

Global stock markets were mostly lower in overnight trading. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Today is the quarterly triple-witching phenomenon–the simultaneous expiration of stock options, index options, and index futures. These days can cause higher volatility.

Continue reading, here.


AARP/Bruce Horovitz
10 Secrets of a Happy Retirement

Just about everyone who is still slaving away at the office shares the very same goal as those of us who have long since left the workplace: a happy retirement.

Ah, but how to get there?

A happy retirement means many things to many different people. Even then, there are 10 habits that can certainly help to make retirement more gratifying. AARP reached out to three experts who all have written important books on retirement. Here are their 10 top tips for a truly happy retirement.

You can read the full story, here.












60 Years Experience