Why Is Gold So Valuable Right Now?

In this episode of the Planned Solutions podcast, Gold prices have surged in recent years, causing some to ask: What is driving the increase in prices? While there is no single factor alone that is driving the demand for gold, there are several possible reasons why gold prices have increased. These trends may also reverse, which could make buying gold at such elevated levels very risky, as many of the investment manias of the past that led to sharp increases in prices also led to equally sharp corrections.The US government is entering its third week of the government shutdown. So far, the impact of the shutdown has been fairly limited, with some areas impacted more than others, but the impact will likely grow if the shutdown continues. Most important are the upcoming payroll deadlines for the military and other federal workers, which make up a meaningful amount of US employment and consumer spending.Recent tax law changes include a provision that will allow taxpayers to deduct up to $10,000 in interest on a loan for the purchase of a new vehicle. However, vehicles must meet the provisions of the law to qualify. In addition, higher-income taxpayers will not be eligible, as the deduction begins to phase out at higher income levels.Plus, a look at the Planned Solutions Incorporated Office Bulletin Board -The Harlan D. Wood and Debbie Druivenga Memorial Cancer Charity Golf Tournament was once again a big success! The tournament was full of new twists, including a professional long driver on Hole 15 that helped raise additional funds for cancer charities. The dinner was great as always, and the staff at Rancho Murieta Country Club did a great job of making everyone feel welcome.More importantly, this year we raised over $10,890 for cancer charities, bringing our cumulative total to $189,199. We would like to thank everyone who supported the event this year, and in past years, by attending the tournament, bidding on auction items, and contributing to cancer charities.We look forward to next year, when hopefully we will be able to continue to grow the tournament and the donations raised for cancer charities.To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast), please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠ Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279⁠⁠ ⁠Planned Solutions, Inc.ADDRESS: 1130 Iron Point Road, Suite 170 Folsom, CA 95630 PHONE: (916) 361-0100 or (800) 750-2111E-MAIL: ⁠[email protected]⁠ FAX: (916) 361-0191WEBSITE:www.PlannedSolutions.com