Gold vs Currencies of Countries in Crisis
Gold vs Currencies of Countries in Crisis: Ukraine Hryvnia, Argentine Pesos, Syrian Pound, Ghanan New Cedis
Read articleGold vs Currencies of Countries in Crisis: Ukraine Hryvnia, Argentine Pesos, Syrian Pound, Ghanan New Cedis
Read articleMario Draghi spoke, last Thursday, and everyone must have thought his announcements were important... because right after his speech, stock markets went up and the euro fell against the dollar! What caused this abrupt temperature rise in the markets?
Read articleOn Monday, France borrowed at a negative rate, which means investors are losing money... they’re paying to deposit their money! Even though this is for short-term loans (3, 6 and 12 months, for a total of 8.2 billion euros) at rates slightly below zero (-0.002% to -0.004%), this hadn’t occurred sinc...
Read articleThe S&P 500 just passed the 2,000-point psychological threshold, an absolute record for that index, created in 1950 and comprising the 500 largest companies traded on the U.S. stock market
Read articleIn Pebble Beach, California, during The Quails “Concours d’Élégance”, a 1962 Ferrari 250 GTO was sold at auction by Bonhams for $38 million, which constitutes an all-time record for a collector’s automobile. What to think of this exorbitant amount?
Read articleThe next 7-year cycle, from 2015 to 2021, will bring a crisis of “biblical proportions”, much worse than the 2008 crisis, that might resemble the ‘30s Great Depression even more but, this time around, with massive devaluation of the dollar and other paper currencies against gold.
Read articleThe Fed has fought by all possible means the installation of the correction wave, because the amount of debt is so high that letting deflation happen would lead to a never-seen-before catastrophe
Read articleThe United States has just announced a 4% (annualised) growth for the second quarter, following a disastrous first quarter showing (finally revised, for the third time, at -2.1% instead of -2.9%). Though this sounds like good news, we should wait for the official revision of this 4% number that look...
Read articleGold in Ukriane Hrvynia and in Argentine Peso
Read articleOne of the main arguments used by your banker to dissuade you from buying gold is that “it’s not generating anything”, either interest or dividends. It has been true, in a way, for some time. But, now that interest rates are at their lowest and that savings accounts and life insurance policies pract...
Read article