The decrease in US debt holdings diminishes Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.
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My 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...
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As 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.
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The 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.
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Venezuela’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.
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We 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.
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These 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.
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As 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...
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