Monday, March 8, 2021

Tag: Congress May Eliminate State Tax and 401(k) Deductions

Learn Why Our Guest Axel Merk Sees Problems Ahead for the Dollar…


by Mike Gleason, Money Metals:

Coming up we’ll hear a wonderful interview with Axel Merk of Merk Investments and the Merk Funds. Axel describes why he believes the “buy the dip” mentality has overtaken mainstream financial advisors, warns about the danger of buying into conventional wisdom and also chimes in on gold and the potential rise of rise haven assets. Don’t miss this must-hear conversation coming up after today’s market update.

As investors eye a potential tax reform deal on the horizon, they are mostly overlooking precious metals markets. Gold and silver prices retreated this week, with gold posting a 0.8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decline to bring spot prices down to $1,271 an ounce. Silver is off 2.0{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} on the week to trade at $16.75 as of this Friday recording. The platinum group metals are staying relatively quiet this week, with platinum posting a 0.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} decline to $921 an ounce, with palladium off 1.2{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to trade at $965.

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