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News — united states

Buried Under A Lifetime of Debt

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By John McDonald Excessive debt is among the biggest entrapments in which to be caught. Day after day and sleepless night after a sleepless night, Americans facing a disproportionately – and dangerously – high debt burden live in a financial cage of their own making, sometimes motivated by the highest of ideals (like starting a new business or getting an education) and sometimes motivated by the high-consumption lifestyle that has become the norm in the land of the free and the home of the brave. Consider the pervasive issue of student debt, for example. The case for pursuing higher education...

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Billionaire Hedge Fund Manager: “Gold Has Everything Going For It”

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By John McDonald Paul Tudor Jones, billionaire founder and manager of hedge fund Tudor Investment Corp., said in mid-June that gold is his “favorite trade” right now and will likely remain so for the next 1-2 years.  “[Gold] has everything going for it,” he told Bloomberg, adding that if the precious metal reached $1,400, it would “push to $1,700 rather quickly.” That particular insight is likely extremely exciting to gold investors looking to buy the metal in July, given gold prices have been hovering right around $1,400 since the beginning of July.  Thanks to easing tensions on the world geopolitical...

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