Category: World Economy
World Economy
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In the precious metal sector, palladium has gone up by 7.8%, by the 25 September because of China buying a lot of gold. The World Gold Council has reported that central banks have added 193.3 tons to the vaults in a six month period. This is 8% more than the amount recorded during the same […]
A lot of countries have been taking their gold back from foreign banks in countries like Britain and France. Hungary is the latest country in the list of countries repatriating their gold. Germany bright $31 billion worth of gold from the US, England and France. This is almost half its gold reserves. In 2015, Australia […]
The World Gold Council started the year off by releasing a report that looked at the four main drivers that will have an impact on the gold market in 2018. The Council has always taken a mainstream view when it comes to the world economy and gold, but there seems to be a fresh perspective […]
Many people currently believe that the Global Financial Crisis from 2007 / 2008 has since resolved, while money is indeed changing hands and there is more available credit now than ever before, this is not indicative of a healthy global economy. Since the 2007 / 2008 crisis, central and private banks globally have dropped interest […]
A few concerns that have become prominent in association with the gold market over the last 24 months will without doubt continue to play its hand right through 2016 with the first being the strong U.S. dollar which has placed an enormous amount of pressure on the prices of the precious metal. This is because, most of […]
It is not uncommon that the absence of regular dividend payouts on gold related stocks are explained in an incomplete manner by most public related precious metals companies. People usually try to grow their saving through investments, and most people think that buying gold, they are actually doing this, the truth is they are not […]
The gold standard was an arrangement by interested nations to fix the prices of their domestic currencies to a certain quantity of gold. National money, as well as other forms of money (such as bank notes and deposits), was freely converted into gold at the predetermined price. England implemented a de facto gold standard in 1717 and […]
After months and months struggling against stocks, currencies, and many hardships, gold is finally seen some gains. The precious metal hit one-month high after the Chinese stock market crash. Investors, mostly at the Asian markets, are worried about the actual China’s situation. There is too much uncertainty on the air. This financial crash is now […]
After harsh days, Greece finally had a clear answer for the European Union and its central bank. The Greek said no to all the new austerity measures. However a week later, Greeces prime minister went back on the peoples wishes, the leader of the anti-austerity party Syriza caved in, and paved the way for more […]
The chaos is starting to reign in Greece. Or at least is what many people can see from far outside. Discussions are not getting the expected results and the Greeks are starting to drain the banks via ATM. Greece’s Prime Minister, Alexis Tsipras, is not showing good faith about the conversations that took place in […]
