Russia Dumps US Treasuries for Gold
The decrease in US debt holdings diminishes Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.
Read articleThe decrease in US debt holdings diminishes Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.
Read articleMy advice to investors is to learn from the recent economic problems/disasters in Turkey, Argentina and Venezuela. Any amount of personal gold, even very small, would have saved the holders in these countries from misery. It is also now critical to heed the strong warning signs of deep trouble co...
Read articleBanking mergers are absolutely not the answer to the banking problems today – in fact, they would constitute a dangerous leap forward.
Read articleAs a wealth management advisor, substituting the easy solution of acquiring gold mining shares to physical gold – whether within a life insurance policy or with an ordinary account – would be a mistake.
Read articleThe exact level of the collapse in investment assets and surge of gold is of course impossible to forecast. What is virtually certain is that gold, relative to other assets, will increase substantially in value.
Read articleVenezuela’s central bank in April paid $172 million to U.S. bank Citigroup to recover part of the gold it had put up as guarantee in a swap operation.
Read articleWe are now on the eve of an economic crisis of unfathomable proportions due to an insoluble debt problem. Holding precious metals will be invaluable insurance to survive this crisis financially.
Read articleRecords that were reached in the last sovereign debt crisis are being shattered... savers are right to be worried – not only Italians, but all Europeans...
Read articleThese two inventions were totally revolutionary in the history of finance. First to print money at no cost and then to issue debt and be paid for that pleasure.
Read articleAs any asset class, gold has several financial properties. The yellow metal can be used for two different purposes: either as a hedging tool against certain macro-economic scenarios or for portfolio diversification. Its virtues, though, are not the ones frequently mentioned in the media...
Read articleIt can’t happen here! What is happening in Venezuela and Argentina cannot occur in Western economies. That’s at least what markets believe with stocks and most bubble assets remaining in cloud cuckoo land. Rates in Argentina have just gone to 40% to protect the currency. Anyone who believes that...
Read articleThe whole of French wealth owned by individuals totalled 5.233 Trillion euro at the third quarter of 2017, up 8.5% year-to-year. This is the equivalent of 178,200 euro of gross financial wealth per household. It means that French households were 15% richer than their German counterparts (107,700...
Read articleYou’ve probably noticed that most European medias communicate the price of gold in US dollars. I find this quite curious, be it with the timing of the rallies and corrections or their magnitude, depending of the currency.
Read articleStrategic investments are made for the long run and with no intent of short term gains or concern of short term fluctuations. This kind of investing is based on buying undervalued and unloved assets and holding them for a very long term.
Read articleGold is actually at a good point to turn up here, as it is close to a zone of support which is underpinned by the rising 200-day moving average in quite close proximity. This looks like a pretty good point to undertake more accumulation.
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