Rumors are making rounds that Saudi Arabia is selling oil for yuan, which it converts into gold on the SGEI. Such a development would make sense as large parts of the world want to de-dollarize..
Central banks will continue buying the precious metal as part of their diversification strategy, while investors will like its hedging appeal in an environment where..
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Most people mistake rising prices for inflation. Inflation occurs when a Central Bank creates money at a rate in excess of the rate of wealth creation..
All this feeds on itself and will, I think, keep inflation well above the Fed’s 2% target, which looks increasingly ridiculous as time passes. I’m (cautiously) optimistic we won’t see 9% annual inflation again. But 2%?
Forget for a moment that the dollar's "stability" has been a joke since dollar convertibility into gold was ended in 1971 and especially in the last several years..
Being prepared for turbulent times ahead is key. With geopolitical and financial risks brewing, global growth slowing, US dollar weakening and real interest rates declining..
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. So banks in the United States are technically not required to back customers' deposits with anything.