Fool’s Gold

This week Phil and Steve dig into the storm of controversy over Australia's new budget rules targeting property speculators. The Labor government has scaled back negative gearing and abolished the 50% capital gains tax discount for established dwellings—major tax shelters that ha ...  Show more

This week Phil challenges Steve on how the futures market handles terminal risk, pointing out that oil prices slope downward over time simply because traders blindly assume the Strait of Hormuz will reopen. Steve agrees and tears into the financial sector, explaining that modern ...  Show more

In 1971, President Richard Nixon changed the rules of money because foreign countries being paid in U.S. dollars grew skeptical when the U.S. Treasury was printing more and more money to cover our debts, and they began exchanging their dollars directly for gold in earnest, deplet ...  Show more

Robert Kiyosaki is well-known for the phrase “Savers are losers” and it’s never been more true than in today’s economy. In his book, today’s guest says, “As history reveals an ugly pattern of governments spending tomorrow’s hard-earned savings today leaving unknowing savers holdi ...  Show more

Why you should allocate a small percentage of your assets to gold.

Topics covered include:

Le Zimbabwe introduit, ce lundi 8 mai, une monnaie numérique adossée au cours de l’or. Avec cette nouvelle cryptomonnaie, la Banque centrale espère freiner l’hyper-inflation qui ravage le pays. Dans ce pays d’Afrique australe où la monnaie locale s’est effondrée, on pourra désorm ...  Show more