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The Hollowing Of The Middle Class

The top 1 percent has skimmed most income gains for itself, producing decades of stagnant living standards for most Americans. Wall Street has slaughtered Main Street. Now comes a report from the Pew Research Center that paints a more complex picture. It’s not that the Pew study contradicts […]

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Donald Trump”s Gold Holding Revealed

A Love for the Royal Asset With success came a true love of gold in all its manifestations. Trump has long been known for his love of the precious metal, relating it to royal tastes. In fact, analysts were quick to study the newly released 92 pages […]

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Fed Raises Interest Rates For First Time Since 2006

Fed raise rates image display.

WASHINGTON – America’s first interest rate hike in nearly a decade is here. The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. The rate hike is a small one, but it will […]

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China Renminbi Approved As A World Reserve Currency

HONG KONG — The International Monetary Fund on Monday approved the Chinese renminbi as one of the world’s main central bank reserve currencies, a major acknowledgment of the country’s rising financial and economic heft. The I.M.F. decision will help pave the way for broader use of the […]

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China Yuan Joining IMF Currency Basket?

China’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. The recommendation paves the way for the Fund’s executive board, which has […]

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Bullion Billionaires Who Like Gold

The following 15 investment gurus are among the wealthiest men in the world. All use gold as the perfect store of value with a view to preserve purchasing power against the loss of value of all fiat currencies. Here are the Bullion Billionaires who like Gold; Carlos […]

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Russia, Kazakhstan hike gold holdings

Kazakhstan Gold Bullion displayed in a stack

(Reuters) – Russia and Kazakhstan raised their gold holdings for a sixth straight month in August, while Jordan and United Arab Emirates both bolstered their reserves in July, according to International Monetary Fund data on Thursday. Russia bought another 29.5 tonnes last month taking its total to […]

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Russia And US Dollars

Russia dumping US Dollars

Russia’s President Putin is drafting legislation to limit or eliminate the US Dollar for trade between Russia and the Commonwealth States of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzebekistan. It is Putin’s goal to dump US denominated assets if at all possible, This will surely […]

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China Reveals Gold Reserves

China Gold bullion bars displayed in a stack

China’s gold holdings grew by 604 tons to 1,658 tons since 2009, according to the data from People’s Bank of China revealed on Friday. The country thus overtook Russia to become the fifth largest holder of gold in the world. The information has been disclosed after a […]

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China Reserve Currency Bid!

Chinese Renminbi displayed

China is looking for a more leading role in the world currency market. Right now it is the 2nd most used currency in international trade. In 2013 & 2014 it signed a number of bilateral trade agreements with other countries to further promote its currency on the […]

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