Banks

Money Is Gold, and Nothing Else!

Money Is Gold, and Nothing Else!

Author Jim Rickards | Published by Goldbroker ™ | Oct 20, 2020 | 7454

Morgan’s observation that “Money is gold, and nothing else,” was right in two respects. The first and most obvious is that gold is a form of money. The second and more subtle point, revealed in the phrase, “and nothing else,” was that other instruments purporting to be money were really forms of...

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European Bank Mergers Won't Solve Anything

European Bank Mergers Won't Solve Anything

Published by Philippe Herlin | Oct 7, 2020 | 38829

Are we witnessing a movement of European bank mergers? Rumors have been circulating for several years about a merger between Commerzbank and Deutsche Bank or with BNP Paribas, between Société Générale and Unicredit, but nothing has happened so far. But lately several mergers have taken place.

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