On November 30th the International Monetary Fund (IMF) announced that it would admit China's Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR's).
In the closing months of 2014, Germany faced a difficult dilemma.
Late last year, with the U.S. economy experiencing falling unemployment and seemingly low inflation, observers were extremely confident that the Federal Reserve would move judiciously in 2015 to restore 'normal' interest rates sooner rather than later.
On August 28th while the geographical area formerly known as Iraq descended further into chaos, President Obama announced to the world "We don't have a strategy, yet."
By treating the gold market as if it were comprised of just one type of investor, analysts have drawn false conclusions about the recent volatility.
Growing political pressure from around the world, and growing dissatisfaction among domestic voters have shaken, and perhaps cracked, the German resolve.
The country has been able to sustain genuine economic growth in the context of a strong national currency.
Increasing skepticism an aggravating factor in the acute volatility of stocks, real estate, commodities and precious metals.
Over the past two months, Europe's problems seem to have disappeared from the headlines. However, the new French Socialist government is pushing ahead with policies that favor significantly higher government spending, greater regulation of business […]
While it may be no surprise that Republicans are preparing to yield on tax hikes, it should raise investor concerns the world over that a budget agreement will likely involve a Congressional surrender of its authority to set the federal debt ceiling.
Future historians of the European Union likely will ponder how democratically elected governments of once proud empire nations willingly surrendered their sovereignty without full and open discussions.
Gold held in the vaults of key central banks around the globe may not have been accurately recorded. A report issued last month in Germany has brought this issues to the fore.
The German economy is undoubtedly the powerhouse of Europe. As a result, an understanding of the developments within Germany can offer a strong indication of the path that the rest of Europe is likely to take.
At a time when complex financial instruments allow for the seemingly effective hedging of all manner of risks, why should precious metals, which involve considerable downside risk, continue to be attractive?
Fall officially began on September 21, but it's not just leaves that are cascading downward.
Earlier this month, J.P. Morgan made an important announcement that received scant coverage in the media: the bank would now accept gold as collateral for loans.
This week, the financial media celebrated as the Dow closed above the 12,000 mark for the first time since June 19th, 2008.
If one were asked to describe the major global economic changes that have unfolded since the financial crisis began, a good starting place would be the massive shift of debt from the private to the public sector.
In the first few days of July, the prices of gold and silver appeared to break a five-month upward trend by drawing back about five per cent from the record June peaks. Despite many similar […]
The European Union's debt crisis, the threatened collapse of its fledgling 'euro' currency, and the uncertainties created by the UK elections may seem very far removed from the American ship of state, but, in reality, […]