Another take on amending Congress:
“Many of the solutions for fixing Congress are good.
“However, they all seem to forget one minor detail: Congress itself would have to vote on the changes. FAT CHANCE!”
As for the healthcare system in the U.S., a reader writes:
“In response to: ‘Why do we have one of the worst health care systems in the world? Yet we are the richest…’
“What is your definition of worst? Compared to what? How are we the richest with [more than] $20 trillion in debt?”
And here’s the comparison…
“Do [you] actually believe that Mexico’s healthcare system is better than the U.S.? How about Venezuela, Cuba, Russia, China and about 95% of the rest of the countries in the world.
“Would [you] like to wait for weeks or months to see a doctor as they do in England, Canada and France?”
“What should I be investing in now?”
Her concern’s palpable, shared by many Americans.
Your Rundown for Friday, December 21, 2018:
Could this week have been crazier? Financially speaking?
Looming trade-war drama, government shutdown, Fed will they or won’t they (they did), weakening economic forecast and dollar — not to mention the bear chasing down the bull market.
In fact, this has been the worst December for equities since 1980 and on track to be the worst since the Great Depression.
So our reader’s question — “What should I be investing in now?” — is apt.
To answer, we’re going back to basics. Yep, gold. It’s a traditional safe haven for a reason. And for all the head-spinning reasons listed above, its price closed up 1% yesterday.
That’s the highest price in almost six months.
One of the most attractive ways to invest in gold as we approach 2019 is gold mining stocks; more specifically, VanEck Vectors Gold Miners ETF (GDX).
The ETF’s holdings include 49 gold mining stocks so it’s an easy way to get exposure to the best mining companies.
GDX is currently hovering near the high-end of its price range (go figure) but it’s worth buying the dips.
Market Rundown for Fri. December 21, 2018
S&P 500 futures are down 2.75 points to 2,483.
Oil is down to $45.33 for a barrel of crude.
Gold is down $2.40 to $1,265.50.
Bitcoin’s down $59.39 to $4,078.27.
Have a Merry Christmas. The Rundown’s taking a break for the holiday; we’ll be back Dec. 26.
For the Rundown,