September RAGE Gauge: Gold, Interest Rates and Your Survival

The story for this month’s Rage Gauge is gold. What is it telling us? What is it worried about? Inflation, N. Korea, the economy? In my daily calls with investors the common refrain I’m getting about the stock market is that they don’t trust it.

Gold has been jittery of late and I’m not about to guess its short-term track. It sold off big-time yesterday. Which brings me to interest rates which are, if you can believe it, lower. T-bill yields peaked on July 25, closing at 1.18%. Since then the markets have gotten jittery and yields are back down to 1.05%, though they’ve been rising pretty steadily since August 28.

Retirees are being asked to do with less, with a weaker dollar (which they use to buy goods and services) and higher gold. In other words, their daily survival costs are higher.

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My advice: Nail down your expenses and think about surviving with less.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.