Precious metals are apparently waking up. And here is where you can find the best deals.
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The World Gold Council has announced plans to form a committee that will help set up India's first physical gold exchange. Officials say they hope to have the exchange up and running in 12 to 18 months.The committee will not actually set up the exchange, but will provide guidance. WGC Indian operations managing director PR Somasundaram told Bloomberg the council is in the process of creating an industry committee of jewelry trade associations, dealers, miners, regulators, foreign and Indian banks, and eventually some consumers.
After surging in August, gold continued to flow into ETFs last month, signaling continued strong demand for the yellow metal - specifically in North America.According to the World Gold Council, gold-backed ETF holdings increased by 22.4 tons in September. This follows on the heels of a 31.4 ton increase in August.
The data point, Real Value Added, is currently in negative territory and may, therefore, be a harbinger of an economic downturn.
A number of markets show not only elevated valuations, but also irrational investor behavior.
...the lowest in 16 years to be specific. We have not had a reading this low since 2001.
Republicans move on tax reform, Fed officials warn danger ahead
The surge in U.S. debt that took place over the past two days all started when the debt ceiling limit was officially allowed to increase on Sept 8th. In just one day, the U.S. Treasury increased the public debt by $318 billion:
President Donald Trump wants Puerto Rico’s $74 billion debt to be addressed through the bankruptcy process established under a law passed last year, White House Press Secretary Sarah Huckabee Sanders said, not eliminated, as he suggested in a television interview.
Puerto Rican bonds took a huge hit on Wednesday following President Donald Trump's comments on the island's sizable debt, worsened by Hurricane Maria.
Puerto Rico and domestic entities linked to the U.S. territory owe creditors more than $70 billion. A double-whammy of devastating hurricanes in recent months, Maria and Irma, only exacerbated the plight of the Caribbean island.
while this story has been told before means this is probably a good time to tell it again.
CNBC's Rick Santelli discusses monetary policy with Jim Grant, the founder and editors of Grant's Interest Rate Observer.
Move over China and India physical gold demand. Here's a report showing that gold demand in Germany is surging...
Think back six months. Do you remember all the warnings from the legendary hedge fund managers about the impending stock market doom?
We fear Disruption, Demographics, Debt continue to prove deflationary, tying the hands of the central banks & keeping rates low
James Rickards author of the bestseller, Currency Wars, talks about currency wars, the dollar & what’s coming.
What the Federal Reserve is actually whining about is not low inflation--it's that high inflation isn't pushing wages higher like it's supp...
Two weeks after Hurricane Maria toppled Puerto Rico's communications towers, wrecked its electrical grid & knocked out power to water systems, medical officials said the island's health system is "on life support."
In my recent article, “Stop Losses Are a MUST For Retirement Investors” I mentioned it took 25 years for the market to come back from the 1929 crash.
Venezuelan President Nicolás Maduro is confident that Russia would help Venezuela boost its defense capacity in the wake of threats by the United States of possible military action.