While India may be one of the world’s largest holders of gold, with Indian citizens holding an estimated 24,000 tonnes of gold, other countries are catching up. China is one of those, with an increasingly affluent middle class looking for ways to protect its wealth. While stories abound of Chinese looking to store their wealth abroad through purchases of...
One of the vitally important markets in gold is the Indian gold market. Gold has a long and storied history in India, being a fundamental part of Indian religious life from temple offerings to wedding gifts. Many Indian families hold a significant part of their wealth in the form of gold, mostly in jewelry. Some Indian temples that have...
In the aftermath of the 2008 financial crisis, many investors were understandably nervous about investing their money. With stock markets having lost over 50% of their value during the crisis, many investors saw years’ worth of investment gains wiped out in a matter of months. And for those close to retirement, those losses were particularly painful. But saving and investing...
Federal Reserve Chairman Jerome Powell is probably shaking in his boots right now. Taking over from Janet Yellen in 2018, he inherited a bubble economy created by his two predecessors that is now on the verge of bursting. His legacy as a chairman will be judged by how he is able to juggle what is by now an all...
It may seem like an obvious truth that in order to retire you need to save enough money to afford to live the lifestyle to which you’ve become accustomed, but millions of households don’t save enough money. Whether it’s not saving enough each month, not starting to save early enough, or making bad investment decisions that fail to maximize...
With recent weakness in stock markets and uncertainty about the direction of the world economy due to the likelihood of a trade war, gold demand remains strong throughout the world. The reasons for that demand vary widely based on region, but no region is exempt. According to a recent Bloomberg interview with gold analyst Joshua Rotbart, some of the...
There seems to be no stopping the trade war that has ensued with President Trump’s decision to seek a better deal from the US’ trading partners. With 25% tariffs on Chinese imports set to go into effect, Trump recently shocked markets with his declaration of a new 5% tariff on all imports from Mexico. If Mexico fails to act...
The resignation of British Prime Minister Theresa May has thrown the UK into turmoil. In the midst of trying to exit the European Union, the country now has to select a new Prime Minister to lead the Brexit process. With the British public continuing to support Brexit in large numbers, it appears that Brexit is a done deal. The...
To hear the financial media tell it, the US economy is going great. There are more job openings than unemployed people, companies are falling all over themselves trying to find workers, and the future is bright. But behind the headline numbers, the labor market is showing serious signs of weakness. That weakness is the result of severe structural issues...