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Remember when Bitcoin was knocking on $20,000? Today it’s it’s in a freefall, trading in the $6,000 range. Crypto markets tumbled again last week after Japan’s financial regulator ordered several cryptocurrency exchanges to beef up anti-money laundering practices. The move prompted the country’s largest crypto exchange to suspend creation of new accounts. Bitcoin fell nearly 9%.
Last week, we reported on the mess in the European banking system, asking the question: could big European banks drag down the world economy? Big banks in Europe have piled up debt just like the rest of the world. But an article in Bloomberg reveals big banks in countries like Germany, Switzerland and France may […]
The Dow Jones was up Friday, avoiding it ninth consecutive down day. As Peter Schiff noted on his most recent podcast, such a long stretch of declines is pretty rare. Eight straight down days has only happened 43 times since the Dow launched in 1896. The last time we had nine straight days of Dow […]
We’ve written a lot about government debt and warning signs in the Treasuries market. The US government needs to sell over a trillion dollars in bonds a year over the next few years to finance its skyrocketing deficit. Who exactly will buy all of these government bonds remains unclear and the impact on interest rates could […]
A new tech development using gold could help doctors diagnose and manage health issues in real-time. Scientists at Australian National University developed the tiny, wearable optical sensors. The device is 50 times thinner than a human hair. Researchers told Printed Electronics World that the sensors combine very small gold nanostructures with semiconductors. Scientists say the […]
It looks like we’re heading toward a full-blown trade war. As the war continues to escalate. Pres. Trump has levied more tariffs on Chinese imports in retaliation for China’s retaliation after the US announced its first round of tariffs. A lot of people seem to think this is bullish for the dollar. In fact, the greenback […]
The Russians are dumping US Treasuries and buying gold. As we reported earlier this week, the three largest holders of US Treasuries are not in a buying mood. In fact, they’re selling. The Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. The Federal Reserve has shed about $70 billion in […]
What do you do if one of your biggest trading partners is embroiled in a trade war and the other faces economic sanctions? Buy gold. That’s exactly what Kyrgyzstan’s central bank is doing.
Humans are by nature somewhat myopic. We tend to focus primarily on what is right in front of us and filter out things further removed. As a result, we can sometimes overlook important factors. As Americans, we generally devote most of our attention on American policy. We follow political maneuverings in Washington D.C., study the […]
Analysts say demand for gold in India will likely rise in the second half of the year thanks to a good monsoon season. Increasing demand for gold in the world’s second-largest market could help boost overall global demand for the yellow metal. According to NDTV, monsoon rains hit Kerela at the end of May. This was […]
