gold

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My Thoughts on Current Markets-16

18 Sep 2023 3 minute read 0 comments Perfectionist25

We have seen a similar sawing movement in Dow Jones for a long time, continuing in a certain range, with 34200 being the lower point and 35600 being the upper point. After making a sharp upward move on Thursday, it gave back half of the premium it ma...

Japanese Yen Hits Record Low Against Gold

15 Sep 2023 4 minute read 0 comments SweptOverNiagara

Over the last couple of years, gold has hit record highs against all currencies. Countries with depreciating currencies were hardest hit. As an example, Canadians paid $1525.30 per ounce of gold on October 1, 2018. This morning, as of writing, that s...

COVID-19 Lockdowns and Wealth Generation

12 Sep 2023 1 minute read 1 comment Evih

A few years before COVID I read "Natural Experiments of History" on a plane ride. I didn't think much of the book, just something to pass the time. I had already read a ton of economics by that time, including Austrian economics, and this was a tiny...

My Thoughts on Current Markets-15

12 Sep 2023 2 minute read 0 comments Perfectionist25

Euro-dollar parity was at 1.0745 yesterday. I will continue to follow the 1.0775 level. However, a profit sale may come from there again. The band range I follow is 1.06-1.08. It will oscillate within this band range until the US central bank FED's i...

Gold Compliance With The 8 Qualities Of Money

11 Sep 2023 2 minute read 0 comments Evih

Image Source So in order to discuss the gold standard as good currency I thought of examining its compliance with the 8 qualities of money, so let’s see how much it performs with each of theses qualities/conditions to be the perfect money.I’ll try...

Central Bank Gold Buying Spree Not Slowing Down

8 Sep 2023 4 minute read 0 comments SweptOverNiagara

It's not a secret anymore that central banks around the world (except Canada's) have been on a roll for the last couple of years buying up huge amounts of gold. Reports are coming in that the gold buying spree has continued unabated through summer. I...

Whatever Happened to Gold?

7 Sep 2023 1 minute read 2 comments WinterYeti

Most of the articles on this platform focus on crypto, how to get crypto, how to earn profit from it, how to generate it from games and so on. However, crypto isn't the only viable asset out there that is outside of banks and can produce sizable gain...

Bank of Canada Holds Steady at 5%

6 Sep 2023 3 minute read 2 comments SweptOverNiagara

I'm seeing a flurry of articles popping up that the BoC is holding rates at 5% after their latest policy meeting which was a widely expected move. Kitco News reports that gold has moved very little after the announcement and stated that the slowing e...

My Thoughts on Current Markets-14

5 Sep 2023 2 minute read 0 comments Perfectionist25

Euro-dollar parity was at 1.08 level yesterday. I continue to wait for the numbers 1.09 and above this week. Therefore, 1.08 and below levels use the euro side advantageously and offer a buying opportunity for medium and long-term investors. Especial...

XRP: The Digital Gleam Mirroring Gold’s Luster - Navigating Future Prospects Amid Legal Choreography

4 Sep 2023 3 minute read 1 comment DeFi Inquisitor

Note: The following is just information we've scooped up from the interwebs. This is NOT financial advice. 🌐 XRP: The Digital Echo of Gold's Luster Picture XRP as this cool digital coin by Ripple, a company with a mission. It’s like a magic coin t...