To win an Olympic gold medal is the ultimate aspiration of all Olympic athletes. It is itself priceless in historical importance, but the measured value of the London 2012 medals by composition may actually shock you. The London 2012 medals are the
DetailsDavid McAlvany, CEO of McAlvany Financial Group thinks gold prices are in a period of consolidation. He adds that each
DetailsCNBC’s Sharon Epperson reports on the buying momentum in metals right now.
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Gold is up today after poor economic data from Europe and America led the Wall Street Journal to report that the US Fed was close to taking new initiatives (QE3) to boost the US economy. The Fed’s next policy meeting is to take place on July 31 and August 1st.
From Bank of America:
According to Michael Lombardi, lead contributor to Profit Confidential, the Bank of International Settlements (BIS) is proposing to reclassify gold bullion as the safest and the highest quality asset for central banks and all other banks around the world: Tier 1 capital.
In the article “Gold to Be Reclassified in the U.S.,” Lombardi says that
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Mainstream media simply won’t publish charts that reflect the true state of the economy. The media’s job is to maintain a consistent theme that Obama has everything under to control in order to facilitate a re-election. Nothing can stop them from achieving this – except perhaps
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Making sense of:
The crisis of credit affects everyone since the banks on Wall Street are more closely connected to the homes on Main Street than you may think. As mortgage rates dropped and home buying became wildly popular, many
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Economists and investors have warned of an impending U.S. financial crisis at the end of this year, but others think the fears are dangerously misguided.
The fiscal cliff, slowing U.S. growth, the U.S. election, Europe and even the weather are keeping small business owners up at night. But which of these factors is having the biggest impact on their business varies. Last week, Federal Reserve Chairman Ben Bernanke sounded another warning to Congress about the so-called “fiscal cliff”— a series of tax hikes and spending cuts set to kick in Jan. 1, as part of a deal struck last summer to raise the federal debt ceiling.
If Congress fails to take action before the end of this year, economists and analysts widely think the U.S. economy could
DetailsTom Yorke, Managing Director, Oceanic Capital Management says that U.S. equity markets are “leaking oil” and 10-year U.S. Treasurys could creep down to
DetailsTou Chen Chang, Managing Director & Head of Global Banking, Southeast Asia at HSBC says that investors are returning to the safety of
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