Chinese stocks continued to crash overnight, with the benchmark index down five percent at the open of trade before staging a modest recovery throughout the rest of the day, largely on the back of the daily buying intervention from the Chinese authorities. The overnight plunge makes grim reading for the Chinese government – despite their … Continue reading China’s sell off increases gold’s luster
Lyndon Johnson and The Cost of War in Vietnam Expensive overseas wars have always been the proverbial “straw that broke the camel’s back” for empires throughout history, and for the United States, the Vietnam War was definitely the final straw in terms of the value of the US dollar. As the war raged on throughout … Continue reading American Presidents and
Their Influence on the US Dollar
Ever wanted to know how silver coins are made? This short video shows the process from start to finish.
What are your overall objectives and goals in purchasing precious metals? If you’re worried about inflation and the value of the U.S. Dollar, then modern bullion coins like the American Gold Eagle or the American Silver Eagle serve that purpose because they derive their value solely from the precious metal they contain AND they can … Continue reading Are Numismatic coins like the Gold Double Eagle a good investment?
A fresh wave of selling has hit precious metals markets in recent days due to growing concerns about the strength of the U.S. Dollar and an imminent rate hike by the Federal Reserve. Overnight, gold breached the psychologically important support level of $1,100 to settle at a five-year low. Prior to its recent low, gold … Continue reading Gold Slumps to 5 Year Lows!
Apple’s stock price tumbled overnight following the release of its second quarter earnings, with the tech giant warning of a difficult sales environment going forward due to the ongoing slowdown in China and a strong U.S. Dollar. On paper, Apple results looked healthy, with EPS coming in at $1.85, ahead of the $1.81 per share … Continue reading Apple’s Earnings: Is the Global Economy turning Sour?
China ended years of speculation within the gold market earlier this week by announcing the country’s official gold holdings jumped by nearly 60% to 1,658 tons, topping the official holdings of Russia to become the fifth largest holder of gold in the world. China had previously refrained from releasing regular updates regarding its gold reserves … Continue reading China’s Official Gold Reserves Jump 60%
Greece Awakes to Higher Taxes and Bank Restrictions Greek citizens awoke to a new tax regime on Monday, with Value Added Tax (VAT) rising from 13% to 23% overnight. The new flat rate sales tax will apply to nearly all goods and services within the country, and is being introduced as a way for the Greek … Continue reading The Cost of Excessive Spending and Entitlements
The Greek Parliament voted overwhelmingly to accept proposals for a third bailout from its EU creditors overnight, disregarding the wishes of its own people who voted in opposition to the austerity-filled deal in last week’s referendum. As news of the parliament’s approval began to circulate, angry demonstrators took to the streets in downtown Athens, and proceeded … Continue reading Greek Parliament Sells Out Its Own Citizens With Latest Vote
The recent negotiations between the Afghan government and the Taliban are a welcome sign that a peaceful political solution may be possible in the country, following the deadly war which has been raging for over a decade. The U.S. Government appears to have thrown its full weight behind the negotiations, even to the point of … Continue reading The Cost of Wars