With an intensifying trade war with China, volatility in stock markets, and a yield curve that inverted months ago, all the signs are there that the economy is on rocky footing and heading towards a recession in the near future. But despite all those negative signs, many market analysts continue to point to the job […]
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Every week seems to bring new news that dampens hopes for a resolution to the trade war with China. With President Trump blacklisting more Chinese technology firms due to alleged human rights abuses, China is bound to hit back soon. The country has already reacted to a single tweet by the Houston Rockets’ general manager […]
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One of the major factors contributing to sky-high stock valuations in recent years has been the performance of tech stocks. Much of the gains in stock markets has come about due to the performance of Apple, Amazon, Facebook, Google, and Netflix. Nearly two decades after the burst of the dotcom bubble, investors have forgotten all […]
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One of the most frustrating things for investors to see today is that, despite the fact that the US economy is rapidly heading towards recession, stock markets remain at unusually high valuations. While those investors who have already invested in gold to protect their assets are happy about gold’s performance, especially as stocks have plateaued […]
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The Latin Monetary Union (LMU) was a 19th century attempt at creating a European monetary union. It took advantage of the fact that more and more European countries were adopting the gold standard and seeking to harmonize their currencies. With France spearheading the effort along with Belgium, Italy, and Switzerland, the four countries came to […]
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With the World Trade Organization ruling that the European Union unfairly subsidized Airbus, a new front will soon be opening in the worldwide trade war. The United States will now be able to retaliate against the EU by placing tariffs on EU goods. But that isn’t a victory for US consumers, who now will face […]
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The fall of the Iron Curtain brought significant amounts of Eastern Bloc firearms, ammunition, and other surplus equipment to the Western world. Much of it was seen for the first ever in the West, while some of it had once been familiar to the West before being hidden for decades. Among the latter was the […]
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Gold has seen a slight retrenchment in price this week as China begins its “Golden Week” surrounding the October 1st national holiday. This period of travel and holidays sees a slowdown in the Chinese economy, which as the world’s second-largest results in an impact on many world markets. Among those is the gold market, which […]
Continue ReadingFor over 20 years central banks around the world have collaborated in planning sales of gold through the Central Bank Gold Agreement (CBGA). Central banks at the time of the agreement’s adoption were net sellers of gold, but the sale of gold by any individual central bank would have depressed the price of gold, thus […]
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So much focus has been placed on China’s economic growth and its role as a major trade partner, but relatively little focus has been placed on how that has come about. China’s economic growth is in large part due to money creation, meaning that its enormous economic growth is ultimately unsustainable. Some of that monetary […]
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