Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand
A client of the Xetra-Gold Exchange-Traded Commodity was told the fund's designated sponsor, Deutsche Bank, would be unable to deliver the requested gold.
Read articleA client of the Xetra-Gold Exchange-Traded Commodity was told the fund's designated sponsor, Deutsche Bank, would be unable to deliver the requested gold.
Read articleThe United States Bureau of Labor Statistics released its nonfarm payrolls data heading into the Labor Day weekend, and less than three weeks before the Federal Reserve meets to consider an interest rate hike.
Read articleThis question might sound preposterous, but this movement is very real and growing in importance: central banks are progressively buying private assets with their unmatched firepower.
Read articleYou need neither words nor a Ph. D. to see the evident distortion created by government manipulation of the currency.
Read articleThe fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in.
Read articleThis long-standing monetary policy generates a massive and catastrophic perverse effect: banks are no longer profitable. In other words, this policy pushes them into bankruptcy. This is what no less than the IMF explains in a study from last August 10.
Read articleThis coming autumn, we are likely to see the beginning of the hyperinflationary phase of the sovereign debt crisis.
Read articleIn spite of the manipulation of gold and gold stocks, gold will always over time reveal the truth. And the truth is that the massively inflated US stock market is underperforming in real terms in spite of making new highs.
Read articleInvestors bought record amounts of gold in the first half as concerns over Britain’s vote on European Union membership and U.S. presidential elections drove demand for a haven.
Read articleReal GOLD versus Pokémon GO? That’s a simple choice for most people because shortly after launch there are already more than 30 million users of the game Pokémon GO (PG). Gold has not for a long time attracted the same interest but that is likely to change in the next few months and years.
Read articleWe’ve already talked about the banking crisis in Italy, with 360 billion € in bad loans, the equivalent of 22% of its GDP, an inordinate amount that leads us to fear the worst. The situation has been temporarily stabilised after a deal between the head of government and Brussels: a bailout plan h...
Read articleThe Bank of England today cut its official interest rate for the first time in 7 years, from 0.5 percent to 0.25 percent.
Read articleInvestor worries remain about the profitability of the European bank sector after the release of the 3rd “stress test” of lenders from across the EU.
Read articleHow close is the price of silver related to gold? In other words, how big is the correlation between gold and silver? And should there be one?
Read articleCentral banks have led the world on a course that could only have one result. And sadly, I believe that we are now very near the beginning of a disaster that will have a bigger impact on mankind than any war, disease or depression that the world has ever experienced.
Read articleThe two-day meeting of the U.S. Federal Reserve Policy Committee left the nation’s benchmark interest rate as-is but without the unanimity displayed in June.
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