Due to remarkably consistent high volumes from year to year, India’s gold imports have the effect of a double-edged sword: the influx of gold puts tangible wealth in the hands of urban and rural dwellers alike yet makes the country’s current account deficit (CAD) balloon larger and become increasingly unmanageable.
The massive German lender Deutsche Bank (DB) has been struggling mightily this year, watching its stock price crater roughly 30% year-to-date. (In fact, DB has lost more than 50% of its value in the past five years.) The company has been plagued by one round of bad news after another in 2016, drawing negative attention […]
Over the last month, the Japanese yen has seen a sharp devaluation against the U.S. dollar. As we continue through the first week of December, Tokyo’s Nikkei 225 stock index has also taken a hit. Yes, this is largely due to the dollar being on a tear during the post-election “Trump Rally.” However, the eventual […]
It is often the case in the financial markets that investors and traders attempt to jump into a successful trade only to find they are too late to reap most of the gains. When the “hot money” (trades that are merely following a trend) flows into any particular bet on Wall St, the “smart money” […]
The West African nation Ghana is known as one of the top gold-producing countries in the world. From the most recent data, it ranks as #10 on the planet, and is second in the continent of Africa behind only South Africa. On an annual basis, the national gold output of Ghana is consistently above 90 […]
Many finance experts and market analysts have been scratching their heads in the days following the U.S. presidential election. As quickly as gold prices rose, they fell even further than where they started the week. Rather than marching toward $1,400/oz as many had predicted, gold is now threatening to fall to $1,200/oz. Why? One explanation […]
Swiss precious metals refiner Argor-Heraeus SA is renowned all over the world for the exceedingly high quality of its gold, silver, platinum, and palladium products. The firm upholds Switzerland’s reputation for mastery over the gold refining process while also being one of the leading innovators in new security measures for its products. Now, the company’s ownership […]
In the West, the general public tends to trust the strength and integrity of our financial system with the unquestioned faith of, frankly, a cult. If this wasn’t the case, fiat currencies like the U.S. dollar would already have succumbed to their inevitable death. This faith holds despite the increasingly frequent financial crises and good […]
Perhaps even more so than its major counterparts in North America and the Asia-Pacific region, the European Union (EU) has been unable to escape from its years-long economic conundrum.
Zimbabwe’s shattered economy and massive trade deficit have caused a dollar shortage which has paralyzed the nation. The government hopes to reduce the current cash shortage by introducing the first domestic paper money since the collapse of the Zimbabwean dollar in 2009. The public reaction was what you would expect.
Today, Germany is recognized as Europe’s largest economy. This has generally been true since the German states became industrialized and unified at the end of the 19th century. However, prior to unification, the cultural region home to the German nation was a group of separate—and often competing—states of the former Holy Roman Empire. One consequence […]
This year, no central bank or central government has bought gold at a more vigorous pace than the Russian central bank. It has significantly added to its gold reserves in 2016, and this trend has continued. September saw Russia grow its gold reserves by 500,000 troy ounces (15.55 metric tonnes). Year-to-date, the central bank has […]
It’s not entirely surprising that in addition to enjoying vast precious metal deposits, South Africa has long been a world-leader in the international gold coin market. The flagship South African Gold Krugerrand was the first modern bullion coin available on the global market in 1967. Krugerrands quickly ended up displacing out-of-issue British gold sovereigns as […]
Gold recycling has become an increasingly critical focus for businesses in India as the government seeks all available options for reducing the country’s enormous influx of gold imports. Because of gold’s high value and the fact that very little of the yellow metal is ever re-exported, gold imports place a disproportionate burden on India’s trade […]
One of the most influential investors on Wall St is recommending that “gold is a good place to park your cash” as the economic landscape continues to lurch toward a potential recession.
While the rest of the world is mired in a period of economic stagnation, China has continued to boast annual GDP growth of better than six percent. Many outsiders have speculated that the government is engineering bubbles in order to keep its markets propped up at these stratospheric levels.
Each autumn (or spring for those in the Southern Hemisphere), Hindus and Jains around the world celebrate Diwali, the festival of lights. Many Sikhs and Buddhists also observe the holiday. In places like India, which has the largest Hindu population in the world, Diwali is part of the broader festival and wedding seasons that are […]
At meetings in Washington, D.C. held by the International Monetary Fund (IMF) and the less well-known Institute of International Finance (IIF), many of the world’s biggest banks trained their attention on what the future of their industry may look like. In some ways, the discussion amounted to an existential question for the entire banking system.
Earlier this year, the International Monetary Fund (IMF) worried publicly about a storm brewing for the global economy if government policymakers don’t match the coordinated easing of monetary policy with complementary fiscal policy—in other words, more spending. In its second biannual report of the year, the IMF is now warning about dwindling bank profits as […]
A source of possible upward pressure on the platinum price has been lifted with the two-year wage agreement reached between Impala Platinum Holdings Ltd. (IMP), often called Implats, and the National Union of Mineworkers (NUM) in South Africa.