The 1.4kg nugget was found by a man using a metal detector in a Western Australian gold field.
A private recovery operator has started an operation to recover up to one billion euro in gold from a ship lying in deep waters ...
“Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan and Canada are not operationally constrained by revenues when it comes to federal government spending. In other words, such governments do not need taxes or borrowing for spending since they can print as much as they … Continue reading Gold, MMT, Fiat Money Inflation In France →
Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from +0.05 in March.
The action is turning positive in the smallest miners, the action in the majors is not looking all that bad either. Here are the details...
The green line shows the national savings rate. It is currently at 3%. It is historically 6%. We are running half of normal. The shaded area shows the private sector, which is running at 9%. That’s pretty good.
But where economic recovery-driven inflation was supposed to be, global monetary deflation showed up instead.
Even though the European Union is the world’s second biggest economic power, it has to pay in dollars for most of what it buys. The bloc invoiced 56% of its total imports in the greenback last year...
A collapse of U.S.-China trade talks and hike in tariffs on Chinese goods would push the world economy toward recession and see the Federal Reserve cut U.S. interest rates back to zero...
With the banks gearing-up do dump gold one more time, David is bullish on gold in all time-frames except the short-term. Here's why...
Among Others, But Does Not Consider FIAT Currency A Problem.
According to my calculations, the top primary silver miners in my group estimated average breakeven for Q1 2019 was $16.54.
Broadly speaking, banks operate under the concept of maturity transformation. Banks take short-term – less than one year – financing vehicles, such as customer deposits, and use that to finance long-term – more than one year – returns.
The pension funding gap is a problem for everyone. Almost all public pension funds assume investment returns somewhere around 7% (and some as high as 8%+). The most common solution to this problem so far has been cutting services in the hope no one notices. They can't delay the inevitable forever.
Legendary trader, risk analyst, and author, Nassim Taleb, recently spoke with Yahoo Finance about his concerns over the swelling public debt.
Perhaps lost in the noise of trade wars is the underlying issue of hidden inflation on consumers and I want to highlight this...
A senior adviser to the German government fears another European financial crisis could be brewing.
Four of the world’s five biggest markets for cash machines registered a drop in numbers last year.
Pressures mount on automakers to keep pace with massive technological shifts amid signs global car demand has peaked.
Russia had increased the share of euro, Chinese yuan and gold in its state reserves.