Get ready to live in an era of rising interest rates. It's going to be unfamiliar territory for all of us...
Venezuela said it will issue higher-denominated bills as triple-digit inflation and a currency meltdown leave the country's largest note worth just around 2 U.S. cents on the black market
With this list of manifestations in hand, we can practically write the headlines for 2017-2025 in advance.
mayor-rawlings The Mayor of Dallas, Mike Rawlings, sent a letter on the 29th asking for an immediate suspension of lump-sum withdrawals from the Dallas
"California Pensions Underfunded By $1 Trillion Or $93k Per Household." And this dramatic headline was written BEFORE the staggering $1.7 TRILLION loss in the bond market market. To shore up rapidly deteriorating finances, CalPERS will consider significantly reducing its investment forecast in a long-overdue move that could shake up government retirement funds across the country.…
The new rules could spur demand for hundreds of tons of the metal.
President Recep Tayyip Erdoğan called on Turkish citizens on Dec. 2 to convert their foreign exchange into gold or the Turkish Lira, adding that there was no option other than cutting interest rates to spur growth
In other words, the ECB’s “Super Mario” Draghi may have just become “Stupor Mario.” Draghi’s legacy may now be a variation of Buzz Lightyear’s “To Oblivion … and Beyond!”
The referendum result is not the best outcome for Italy's banks -- but it shouldn't be a surprise, either. While the specter of a state bailout looms large, the worst of the pain can still be avoided.
Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance minister has insisted, ruling out debt relief for the country ahead of a crucial euro group meeting on Monday.
Much of the attention remains on Banca Monte dei Paschi di Siena SpA, which is in the middle of a 5 billion-euro ($5.3 billion) capital raising and is vulnerable to government instability. Monte dei Paschi shares were down 4.7 percent in Milan trading. Its stock has fallen 83 percent this year and a third of its loan book has soured.
Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.
It’s cooking, and it makes gold a storehouse of value and not a currency. It’s just a storehouse of value. It turns it into a savings account. The only one that will work.
Dispelling rumours that jewellery would be covered under the amended law, the Central Board of Direct Taxes (CBDT) earlier in the day issued a statement saying the government has...
Only 8.5% of payroll employment is now attributable to manufacturing, down from 10.3% 10 years ago, 14.3% 20 years ago, & 17.5% 30 years ago.
Battery technology that offers more power per ounce proved challenging to make a reality. NASA work, combined with private sector research, made the difference, resulting today in hearing aid batteries—with much wider potential.
Peter Schiff Warns QE4 Is Coming...
Given that Deep State operatives can do nothing to increase western gold supply, their only options are to somehow discover supply elsewhere, and/or to CRUSH gold demand. The manner in which […]
The technical bears are out in force, making up stories forecasting the death of gold and silver, based on the chart below. This is a bear’s delight, with a death […]
The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling. That’s naturally left investors and speculators extremely bearish on gold juniors. […]