Bank of England Shocker: Chinese Yuan to Replace US Dollar as World Reserve Currency
We’ve been saying for years that the US dollar will eventually be replaced as the world’s reserve currency. But it’s only now that world financial authorities are admitting the obvious. With the dollar having lost 85% of its value since the gold window was closed in 1971, it continues to lose purchasing power year after year as the Federal Reserve...
Is Jerome Powell the Secret to a Strong Stock Market?
Last Friday the Dow Jones rebounded from a horrendous Thursday session to notch a nearly 750-point gain. The reason for that? As with previous rallies over the past few months, it was comments made by Federal Reserve Chairman Jerome “Jay” Powell. Powell, who has come under significant pressure from President Trump recently to pause the Fed’s rate hikes or...
HSBC: Safe Haven Buying Will Boost Gold Price in 2019
Original article written by Ben Kilbey and published at S&P Global on January 8, 2019. It seems that many investors are finally wising up to what we’ve been saying all along about gold’s performance as a safe haven investment. With many investors concerned about stock market performance this year, gold is set to see increased demand and higher prices. James...
Are You Prepared for the New Year?
With a new year just about upon us it’s time for investors to take stock and make sure that they’re prepared for what 2019 brings. 2018 started off with a bang but ended on a sour note for many investors, particularly those who remained heavily invested in equity markets. And as much as many market bulls want to believe...
5 New Year’s Resolutions for Investors
A new year means a new start in many ways for investors. Most investors would probably hope to forget about 2018 which, after a tremendous start, ended the year with most assets in the red. Those who bought heavily into stock markets in the hopes that the bull market would continue its magnificent run were sorely disappointed by the...