Yahoo! Finance: SI=F News
Rebuilding costs for a major hurricane could be up to 20% higher than normal thanks to coronavirus-related bottlenecks and labor shortages.
The post The US is in for a brutal—and expensive—hurricane season appeared first on WorldSilverNews.
Few people have been financially coasting through 2020. Even so, many are facing the reality of their current situation and charting a path forward.
As U.S. Money Reserve CEO Angela Roberts observes in her article Learning and Moving Forward, “Nothing has been so dramatically underlined by these past few weeks than the importance of caution and preparation. If the nation truly returns to ‘business as usual,’ then there may be no better opportunity to be prepared for another disaster. The best time to prepare for a turn for the worse is always before it happens—when there is a turn for the better.”
Make sure you’re setting yourself up for a stronger financial future and a “turn for the better” by asking yourself these five questions and adjusting accordingly.
Creating a financial plan can put you on the right course for accomplishing your financial goals. With a financial plan, you can get a good sense of where your finances stand now and where you want your finances to be.
For instance, you might aim to retire early, buy a vacation home, or send your grandchildren to college. A financial plan can guide you toward achieving those goals.
Otherwise, “Failing to plan is planning to fail,” says Alan Lakein, an author who writes about time management.
Components of your financial plan should include:
Post-question item to do: Write down your financial goals and work with a trusted advisor to help you create an actionable plan toward achieving them. As Alan Lakein says, “Planning is bringing the future into the present so that you can do something about it now.”
Three in ten U.S. adults have no emergency savings, according to Bankrate’s latest Financial Security Index. One in four has a rainy-day fund, but not enough money to cover three months’ worth of living expenses.
Financial experts typically recommend setting aside an emergency fund that would cover three to six months of living expenses, including your mortgage, grocery bills, and utility bills. You should dip into this fund only when you’re faced with a true emergency, such as a job loss, unexpected hospitalization, or last-minute home repair.
Experian recommends to keep these emergency savings in a high-yield savings account, money market account, or certificate of deposit (CD). To avoid the temptation to spend money from your emergency fund in non-emergency situations, separate this account from other accounts you have.
Post-question item to do: Challenge yourself to save more each month. Every cent counts. Consider this scenario calculated by Fidelity Investments. They determined that a 25-year-old worker earning $40,000 a year who increased her savings rate by just one percent (roughly $33 per month in the first year) could realize an additional $190 per month in savings.
In 2019, the average American carried a personal debt of slightly over $90,000, including credit cards, personal loans, and housing-related debt. Do you know how much debt you have? No matter the amount, your debt could be standing in the way of meeting your financial priorities and goals, particularly if the debt comes with high interest rates.
Paying off your debt enables you to concentrate on financial goals like saving money for retirement.
Post-question item to do: To help reduce your debt, make a list of all of the money you owe and the interest rates associated with each credit card, loan, and other long-term debt. Then come up with a strategy to slash the debt. For instance, you might focus on wiping out the highest-interest debt first, then moving on to the debt with the next-highest interest, and so forth until your debt is eliminated.
Advice about how much money you should put away for retirement varies based on your situation. Generally, though, retirement experts commonly recommend a target of being able to replace 70 percent of your annual pre-retirement income.
If you haven’t set up some sort of retirement fund, it’s not too late to do so (and you’re not alone). “Nearly two thirds of 40-somethings have less than $100,000 in retirement savings, and 28% of those in their sixties have less than $50,000,” a 2020 TD Ameritrade report finds.
Start by talking with a trusted financial adviser about how you can catch up with your retirement needs. For instance, you might want to quickly shift gears and focus on decreasing debt and cutting expenses to free up money to save for retirement.
If you’re already saving for retirement, congratulations. You’re on the road to more financial peace of mind. Remember, though, that you should regularly monitor your retirement allocations to ensure that you’re on the right track. You may need to periodically make an asset adjustment to give yourself a better shot at a comfortable retirement.
Post-question item to do: Double-check your retirement savings. If you’re on a good path, look for ways to make it a great path. If you have room to grow your savings, start simple. Learn more about retirement plans here.
Diversifying your portfolio lets you balance risks and returns and potentially help “future-proof” your assets. There’s no clear right or wrong answer about how to properly diversify your portfolio—but there are some rules of thumb. Your age, desired retirement age, net worth, and other factors should dictate your allocations.
When it comes to precious metals, some experts suggest allocating 5% to 10% of your portfolio toward gold and silver. Others put that share as high as 25%.
Gold tends to be the precious-metals star of portfolios. But what kind of gold buyer are you? Find out if you have an aggressive, moderate, or conservative outlook by taking a quiz included in U.S. Money Reserve’s free Gold 101 report. The quiz provides beneficial insights for everyone, from novice gold owners to market experts.
“Silver and gold belong in every balanced portfolio. There’s no magic percentage of silver and gold you should include,” GuruFocus.com advises. “Adjust your position in silver and gold according to your goals, your age, and the size of your savings.”
Post-question item to do: Take action where you need to take action. Financial checkups are just as important as health checkups. Do them both at least once a year. To chat more about precious metals, call U.S. Money Reserve. Experienced Account Executives are standing by to help you learn more about the role precious metals can play in your financial future.
The post Ask Yourself These 5 Questions for a Realistic Financial Checkup appeared first on U.S. Money Reserve.
It took 18 months for many of the 8 million Americans who lost their jobs in the 2008 financial crisis to find work again.
Today, 36 million Americans are suddenly unemployed. How long could it take for them to find paychecks again?
5 years? 10 years. 20 years?
Watch the video above for answers. Get expert advice on how you can prepare financially for decades of downturn.
Learn how to secure your wealth from an uncertain future with precious metals. Get a FREE COPY of our Wealth Preservation Report Today – Click Here!
$2 trillion in stimulus. Direct payments to Americans. Another $3 trillion on the way?
The health crisis has catapulted us into an economic experiment. We’re living Modern Monetary Theory (MMT).
But there’s nothing new about unbridled money printing. It always brings the same monetary plague: inflation.
What exactly is Modern Monetary Theory? And how can you protect your savings from inflation?
Watch the video above for answers.
Kitco News
(Kitco News) – The Russian army and its medical personnel are being dispatched to Russia’s largest gold mine, Olimpiada, to help contain a coronavirus outbreak.
The post Putin orders Russian army to help contain COVID-19 outbreak at country’s largest gold mine appeared first on WorldSilverNews.
Yahoo! Finance: SI=F News
The performances of precious metals have diverged wildly in 2020. Spot gold is up 15% year-to-date (as of May 19) and is flirting with eight-year highs as concerns about global economic growth drive demand in the safe haven. Silver, which is coming off an 11-year low hit in March, has rebounded to about unchanged on the year. But the market has not been as kind to the lesser-known metals. The Metals & Minerals Price Index–a weighted average of aluminum, copper, iron ore, lead, nickel, tin, and zinc prices– is down 15% year-to-date. All of this puts the mining and metals industry in a unique situation, as the market places a premium of one precious metal over all others. Metals investors will get some color on the market Thursday at the Australian Mining and Technology Metals Investor Conference. Executives from nine metals and mining companies will provide updates on their property positions, development schedules, recent performance. The first slate of presentations will consist of Australian miners–Australia is the world’s second-largest gold producer according to U.S. Global Investors–while the second slate will focus on North American technology metals companies. The conference will also feature a number of keynote presentations. The Honorable Bill Johnston, minister of mines, Western Australia and Dr. Richard Blewett, head of mineral systems, Geoscience Australia will discuss national and state initiatives encouraging mineral exploration investment and supporting mining development. Jack Lifton, director, Industrial Policy Institute will discuss the importance of government industrial policy securing a supply chain of technology metals. Below is the schedule for the conference. Each presentation is followed by a virtual Q&A session with attendees and is available on demand.To register for Thursday’s conference, click here.9:00 AM ET: Keynote Presentations Speakers: The Honorable Bill Johnston, Minister of Mines, Western Australia and Dr. Richard Blewett, Head of Mineral Systems, Geoscience Australia9:30 AM ET Northern Minerals Ltd. (ASX: NTU) Speaker: George Bauk, Managing Director, CEO10:00 AM ET Arafura Resources Ltd. (ASX: ARU | Pink: ARAFF) Speaker: Gavin Lockyer, Managing Director10:30 AM ET Lake Resources N.L. (OTCQB: LLKKF | ASX: LKE) Speaker: Steve Promnitz, Managing Director About: Lake Resources NL is a lithium exploration company undertaking an aggressive program to explore prime lithium basins and lithium pegmatites in Argentina, among some of the largest players in the lithium sector. Lake holds one of the largest lithium tenement packages in Argentina (~165,000 Ha), controlled 100% by Lake.11:00 AM ET Thor Mining PLC (ASX: THR | AIM: THR) Speaker: Mick Billing, Chairman11:30 AM ET Theta Gold Mines Ltd. (OTCQB: TGMGF | ASX: TGM) Speaker: Bill Guy, Chairman About: Theta Gold Mines Limited is a gold development company that holds a range of prospective gold assets in a world-renowned South African gold mining region. Across ~620,000 hectares of Mining Rights, the Company controls the entire East Transvaal Gold Fields, with an existing JORC Resources of over 6Moz @ 4.18g/t. The Company aims to build a solid production platform to over 150kozpa based primarily around shallow, open-cut or adit-entry hard rock mining sources.12:00 PM ET Keynote Presentation: A Perspective on Prioritizing the Critical Metals Speaker: Jack Lifton, Director, Industrial Policy Institute12:30 PM ET Millennial Lithium Corp. (OTCQX: MLNLF | TSX-V: ML | Frankfurt: A3N2: GR) Speakers: Farhad Abasov, President and CEO / Director; Alex Langer, Vice President Capital Markets About: Millennial has a portfolio of exploration properties containing known deposits of Lithium.1:00 PM ET Nouveau Monde Graphite Inc. (OTCQX: NMGRF | TSX-V: NOU | Frankfurt: NM9) Speaker: Christina Lalli, Director, Investor Relations About: Nouveau-Monde is a Quebec based Canadian junior mining company that focuses on the development of its world-class natural graphite asset located in the town of St-Michel-des-Saints some 130 km north of Montreal. On top of producing graphite concentrate through typical crushing-grinding-flotation flowsheet, the company targets to process further their graphite flake in a second transformation for manufacturing purified spherical graphite to be sold into the Lithium-Ion Battery (LiB) market.1:30 PM ET Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) Speaker: Mark Chalmers, President & Chief Executive Officer About: Energy Fuels Inc is a uranium producer. It holds three of America’s key uranium production centers: The White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. Its producing White Mesa Mill is the only conventional uranium mill in the US and has a licensed capacity of approximately 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of approximately 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. In addition, it also produces vanadium. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.2:00 PM ET GoGold Resources, Inc. (OTCQX: GLGDF | TSX: GGD) Speaker: Brad Langille, President & CEO About: GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings project in the state of Chihuahua and has the Los Ricos exploration project in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. To register for Thursday’s conference, click here.See more from Benzinga * Big Banks: Playing A Rebound Within The Financial Sector * A Potentially Profitable Options Trade In Shopify * Here’s A Bullish Options Play On Gilead(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The post Australian Mining And Technology Metals Companies Set To Take Stage At Investor Conference appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold and silver prices are trading with modest gains in midday U.S. dealings Wednesday. Trading has been choppy and on both sides of unchanged today.
The post Gold, silver modestly up amid bullish charts, outside markets appeared first on WorldSilverNews.
“”silver price”” – Google News
Silver Price Forecast – Silver Markets Rally Into Major Figure Yahoo Finance
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Yahoo! Finance: SI=F News
Coeur Mining Inc, Iamgold Corp and Endeavour Mining Corp are set to take off Continue reading…
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