This past week the news emerge in a report showing that the total issuance of corporate debt has reached a record high of $13.5 trillion at the conclusion of 2019. The OECD report also revealed alarming statistics that the all…
This past week the news emerged from the Fed’s Quarterly Report on Household Debt and Credit that U.S. total household debt has set another staggering record. The debt level hit $14.15 trillion after rising another $193 billion (1.4 percent higher)…
The Coronavirus has caused a scare around the world as an unfolding global health pandemic, but not as much attention has been paid to the effects it is having on the Chinese and now global economies. Uncertainty surrounding the resumption…
This past week the news emerged that despite what has been called the greatest economy in history a huge percentage of Americans are actually living from one paycheck to the next. Respected business news site MarketWatch cited a few surveys…
The concepts of “ethical gold” and fair trade have increased in importance over the years. Tradewind Markets, a gold fintech company, has embraced that idea, developing and launching its new Origins application. The firm enables both physical and alternative assets…
Humankind has been mining for the resplendent metal that is gold for millennia. Archeologists discovered a prehistoric Bronze Age gold mine at a site known as Sakdrisi, in the Kvemo Kartli region of present-day Georgia. Dating from between the…
Since the year began you have watched oil prices really soar. This has been supported by a number of factors, including OPEC cutting supplies, additional fighting in Libya, and American sanctions against both OPEC nations Iran and Venezuela. The two…
The US dollar lost 2.15% against the Japanese yen in the space of 15 minutes after the Bank of Japan (BoJ) announcement on interest rates. The spin-off from this turmoil provoked a fall in the S&P 500 of 0.7% within…
Puerto Rico has been in a period of economic stagnation that goes back decades. Along with the decline in GDP, it has also been losing citizens to the mainland, a trend that is causing a decreasing population. High government spending…
It’s been said that the responses to a crisis sow the seeds of the next upheaval. Indeed, history suggests that the so-called fixes often fall short of expectations. First, they fail to take account of the fact that the causes of…
In the old, pre-crisis days, it was not odd to think that bad news for bonds was good news for stocks. It made sense from a fundamental perspective. Fixed-income markets tend to do poorly when economic activity is strong or inflation…
To many observers, the outlook for oil and other energy products, industrial and precious metals, grains and other commodities remains bleak, even after a rout that has seen the CRB Commodity Index lose more than a third of its value…
Over the past 5 years the period between late June to early September has seen some of the fiercest rallies in gold and silver prices, with double digit percentage moves fairly typical. In 2013 the price of silver in particular…
As the dust settles on the latest bailout deal for Greece, it is becoming increasingly obvious of the pain which lies ahead for Europe in the months and years ahead. While initial market reaction has been positive to the news…
An interesting trend has been developing over the past few years which sends one of the clearest signals yet as to just how fragile the current financial and currency system has become. The gold community often pay close attention to…
“A lot of people believe that debasing the currency is not a sound economic policy. There is no evidence that a weak currency leads to long-term economic growth.” That quote came from Ronald-Peter Stoeferle, who is the fund manager for…
Hundreds of years ago, early economists were puzzled by a phenomenon in prices – why do some non-essential goods cost so much while essential goods cost so little? Put another way, why are water and grain so cheap when they…
Ge0-political and economic uncertainty throughout global markets are leaving gold and other precious metals without a clear direction. Equities in both the United States and abroad are trending upward as positive economic news arrives from Asia, but trading volume –…
Recent reports and findings suggest that China is buying up supplies of gold in record numbers. China is now accounting for a majority of the gold bought. The recent upswing in China’s purchase of gold have some investors wondering what…
Tragically, things have taken a turn for the worse in South Africa’s mining labor dispute. However, there are fears that this is only the beginning that “may lead to a serious bloodbath in Rustenburg”. The mining industry in South Africa…
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