The V recovery continues, but at different levels of V-ness………
(more…) Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Why Silver Now
When people think of precious metals investing, usually an image of gold bars or coins comes to mind. However, this initial idea does not begin to scratch the surface of precious metals investing. This type of thinking overlooks the fact that many buy silver or other metals like platinum, palladium, and rhodium. Not every bullion investor buys silver because it is a smaller market and does not carry the same value as gold. So, you might be wondering why buy silver now if gold is more precious? What is there to gain from investing in silver? For starters, it is important to know how the market works and why Biden’s presidency spells a higher silver price in the near future.
(more…)Tesla S&P 500 Pop
Tesla stock has finally been tapped for S&P 500 inclusion, and investors have been buying it up as a result. The shares got another boost today in the form of a major upgrade from analysts at Morgan Stanley, who have shifted to Overweight after keeping them below that for over three years.
Many investors bought Tesla stock because inclusion in the S&P 500 means numerous funds that track the index will be forced to buy it when it’s added. Tesla stock officially gets inclusion in the S&P 500 next month. Many thought it would be added in September at the last rebalancing, but the committee passed it over at the time.
(more…)Central Banks Keep Buying Gold
The world’s central banks have been buying gold for years, and that trend could drive the price up over $2,000 next year, according to some experts. The problem is the ever-growing pile of public debt, which could be exacerbated by inflation next year.
Noble Gold founder and CEO Collin Plume told ValueWalk in an email that central banks will have to bear to brunt of “government generosity” by covering the costs of the many stimulus packages that have subsidized workers and businesses that couldn’t function during the lockdowns. However, that money will still need to be paid back, which causes three major challenges for central banks.
“They are all struggling with these issues simultaneously, and so borrowing amongst each other is not an option” Plume said. “Unemployment and bankruptcies will mean less tax revenue coming in to balance the books, and inflationary pressures are almost inevitable given the colossal figures involved. All of these realities will likely push prices for everyday household items higher (along with interest rates as well) at a time when people can least afford them – leading to recessionary fears down the line.”
(more…)That Ship Sailed
About a week ago, someone here pointed my attention to a new book called A Fiscal Cliff. I am absolutely loving it – – can hardly put it down – – and I’m sure to write a long review/summary of it once I’m finished with its 400+ pages. As a side note, even though the book is pretty much hot off the presses, its data is made out-of-date thanks to Covid. For one thing, it mentions how in ten years we might pass the record Debt-to-GDP level of 107% set back in 1946. Well, folks, put down your pencils. We have roared right past that level massively………….we’re up to where the CBO projected we’d be in the year 2060 already.
