12.5.19 - 10 Outrageous 2020 Predictions

Gold last traded at $1,479 an ounce. Silver at $16.98 an ounce.

NEWS SUMMARY: Precious metal prices rose Thursday on bargain-hunting and a weaker dollar. U.S. stocks decline despite upbeat employment data amid China trade deal worries.

What Happens If Dec. 15 Tariffs Kick In?

america china commerce communication business concept 1444957 pxhereHere's What Happens to Markets If U.S. Tariffs on China Kick in Dec. 15 -Bloomberg
"The Dec. 15 flashpoint on tariffs was thrown into sharp relief Tuesday when Trump said he sees no urgency to complete a deal, right after he threatened an assortment of trading partners with levies. 'If tariffs scheduled for Dec. 15 are implemented it would be a huge shock to the market consensus,' said Sue Trinh, managing director for global macro strategy at Manulife Investment Management in Hong Kong.

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The Fiat Money-Socialism Connection

FreeMarketThe Hidden Link Between Fiat Money And The Increasing Appeal Of Socialism -Zero Hedge
"What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? It is likely not a coincidence that most people living today have lived most of their lives in a world dominated by fiat money.

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The Post-US-China Trade War Struggle

320px File China America flagAfter the US-China Trade War -Roach/Project Syndicate
"Trade truce or not, a protracted Cold War-like conflict between the United States and China has already begun. That should worry the US, which, unlike China, is devoid of a long-term strategic framework. The so-called phase one 'skinny' trade deal announced with great fanfare on October 11 may be an important political signal. While the deal, if ever consummated, will have next to no material economic impact, it provides a strong hint that Trump has finally had enough of this trade war.

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Gold's Narrative Changing to Favorable

gold is money 2430051 640The Narrative About Gold is Changing Again -Yahoo Finance
"Let's face it, we live in a world of radical uncertainty. There are not only many known unknowns in the world, but the same can't be said of unknown unknowns...But the real issue is that we do not know the probabilities, because we even do not know how the world works. You see, the probability applies in a casino but not in a real world. So how do we cope with the unknown?

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Selling Your Home to Fund Retirement?

retirement Image by Gerd Altmann from PixabayPlanning to sell your house to fund your retirement? Think again -Marketwatch
"Meager personal savings, debt, looming health care costs and more are pushing millions of older Americans to the brink. At least you could always cash out of your house and move somewhere cheaper, right? Perhaps, but as a new study from Zillow, the real estate website warns, perhaps not.

Read more: Selling Your Home to Fund Retirement?