The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point from zero, investors wonder how stock markets, … [Read more...]
Report: LBMA Asks 6 Russian Gold Refiners if They Have Ties to Sanctioned Entities
The London Bullion Market Association (LBMA) said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request comes a few days after it revoked the membership of three sanctioned Russian banks. LBMA Accreditation The London Bullion Market Association (LBMA) has requested six Russian gold … [Read more...]
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ reported holdings of the asset by 4,500 tons over the past decade. Dollar’s Decline a Boon for Gold The amount of gold held in reserves by central banks as of September 2021 grew to a … [Read more...]
Rich Dad Poor Dad’s Robert Kiyosaki Insists Depression Is Coming – Predicts ‘Gold, Silver, Bitcoin, Real Estate Will Crash Too’
The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says a crash and a depression are coming, predicting that “Gold, silver, bitcoin, real estate will crash too.” He added that he is getting ready to buy all four types of investments after the crash. Robert Kiyosaki Predicts a Crash Is Coming Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again … [Read more...]
Author Insists Current Gold Price Cheaper Now Than in 1980
While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $ 1,810 per ounce is much lower than the commodity’s average price in 1980. Gold Price Rise Lags Behind Inflation Williams’ averments suggest the … [Read more...]
