Recent headlines indicate it’s possible Britain will leave the EU without securing an exit deal. The EU summit in October is fast approaching, with no secure withdrawal agreement ready to be passed across the table. But what does this really mean, and how will it affect the UK economy? We analyse the latest news surrounding […]
Monetary crisis in emerging markets and the roles of gold
Turkey is currently facing a dilemma: bringing a new rise of interest rate which could inevitably dampen the economic growth or letting the hyperinflation goes. Turkish Lira has lost 35% value against US dollar till today since the start of this year, and its already high inflation and domestic consumer prices such as food and […]
How much do you owe?
Where there is debt, interest payments follow. The discussion about debt is a discussion more people should be having as the global debt just reached a staggering $247 trillion for the first quarter of this year. When interest rates eventually spike, repayment and refinancing will be a challenge for the average household and some debts […]
Gold nose-dives while silver and palladium belly flop
Precious metals futures ended remarkable lower on Monday, with palladium and silver suffering percentage losses of 4.9% and 3.4% respectively. Gold was the biggest loser finishing at a one month low. Gold is pushing lower as the 10 year treasury neared the 3% yield level, commodities weakened and Japan announced policies likely to weaken the […]
Perth Mint records benefit in yearly report published
With a surging gold value the Perth Mint took to a record pre-tax benefit of more than $41 million a year ago and there is presently more than $3 billion of valuable metal secured in the Mint’s vault. It has been a decent year for gold and silver deals, Universal interest for valuable metal was […]