Gold is now trading at close to where it had been five years ago, as investors overall remain on the sidelines because of uncertainty surrounding the usual catalysts associated with a cyclical uptrend in the yellow metal; elements such as hints of a recession, market correction, proof of inflation, and a weak U.S. dollar, among other things.
Since the Federal Reserve has been the primary impetus behind the bull stock market, and it has resulted in interfering with the price mechanism of the market, it's difficult to ascertain its condition because of artificially low interest rates, which has encouraged some companies to take risks they may not have taken in a market that had more of an honest and measurable performance metric.
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Friday, May 29, 2015
Why Gold is Going to Soar
Labels:
Gold Prices,
Inflation,
Recession
Monday, May 25, 2015
Why Yuan Isn't Ready for Prime Time
There has been a lot of speculation concerning the goal and strategy of China concerning the place of the yuan or renminbi on the world economic stage.
I have no doubt the Chinese have a goal of becoming the leading reserve currency in the world, but if that ends up being a reality, it's going to be many years from now.
The idea that China is attempting to bypass the existing currency market and working to build an alternative to it is actually the exact opposite of what it really wants to do, which is to become a larger player in the current global economy.
For now, the yuan isn't close to being ready to be a currency leader, as China needs to take a number of steps before it's going to be considered a means of paying for major transactions on a global basis.
read more ...
I have no doubt the Chinese have a goal of becoming the leading reserve currency in the world, but if that ends up being a reality, it's going to be many years from now.
The idea that China is attempting to bypass the existing currency market and working to build an alternative to it is actually the exact opposite of what it really wants to do, which is to become a larger player in the current global economy.
For now, the yuan isn't close to being ready to be a currency leader, as China needs to take a number of steps before it's going to be considered a means of paying for major transactions on a global basis.
read more ...
Labels:
China,
China Currency,
Dollar Reserve Standard,
Renminbi,
Reserve Currency,
Yuan
Friday, May 22, 2015
Why I Like Turquoise Hill Now
It's been a long time coming for Turquoise Hill (NYSE:TRQ) and Rio Tinto (NYSE:RIO)
concerning their stake in the massive Oyu Tolgoi, as they have finally
come to an agreement with the Mongolian government to move ahead with
its development of the next phase of the mine, which is to expand the
major underground portion of the resource, which at this time, is
estimated to account for approximately 80 percent of the mineral value
of the mine.
Major sticking points which led to the differences have been resolved, including cost overruns and taxes.
With that behind them, the next areas to approve and make transparent will be an underground feasibility study and project financing. There is little to suggest there will be a problem in those areas, so it appears Turquoise Hill should fairly quickly be able to move operations forward.
read more...
Major sticking points which led to the differences have been resolved, including cost overruns and taxes.
With that behind them, the next areas to approve and make transparent will be an underground feasibility study and project financing. There is little to suggest there will be a problem in those areas, so it appears Turquoise Hill should fairly quickly be able to move operations forward.
read more...
Labels:
Oyu Tolgoi,
Rio Tinto,
Turquoise Hill Resources
Monday, May 11, 2015
How to Play the War on Cash
I've been somewhat surprised at the relatively low level of resistance to the proclivity of governments and the banking system to move rapidly toward a cashless society.
When looking through comment sections of blogs and news sites, one of the major responses to the concerns is people from the U.S. will allude to the words on our currency that says it's a "legal tender," as if that will stop the forward motion of what has become a global initiative in many nations.
Immediately below is a list of the reasons I have been able to find as to why we should move towards a cashless society. They are from a variety of nations, and not all are given as reasons from any one country.
Stated reasons:
Fight terrorism
Tax evasion
Black market
Costs of currency production
Improve credit rating of country (Uruguay)
Encourages underground economy
Money laundering
Reductions in armed robbery
Counterfeiting
read more ...
When looking through comment sections of blogs and news sites, one of the major responses to the concerns is people from the U.S. will allude to the words on our currency that says it's a "legal tender," as if that will stop the forward motion of what has become a global initiative in many nations.
Immediately below is a list of the reasons I have been able to find as to why we should move towards a cashless society. They are from a variety of nations, and not all are given as reasons from any one country.
Stated reasons:
Fight terrorism
Tax evasion
Black market
Costs of currency production
Improve credit rating of country (Uruguay)
Encourages underground economy
Money laundering
Reductions in armed robbery
Counterfeiting
read more ...
Labels:
Gold Coins,
Gold Investing,
Mastercard,
Visa,
War on cash
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