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Keyword: goldbugs

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  • Checked your Bitcoin Balance Lately? Don't Bother (Vanity)

    01/14/2019 3:46:50 PM PST · by Responsibility2nd · 70 replies
    Bitcoin ^ | 01/14/2019 | R2
    December, 2017. I'm late to the game, I know. I set up an account on Coinbase.com. $100.00 to start. January, 2018. Another $100.00 transferred in to Bitcoin. Total in is $200.00 January, 2019. My Portfolio Value is $40.90.
  • A Stunner: National Debt Interest Will Soon Exceed National Defense Spending

    12/27/2018 4:20:29 PM PST · by entropy12 · 44 replies
    Hot Air ^ | December 27, 2018 | ANDREW MALCOLM
    President Trump has harshly criticized the Federal Reserve in recent weeks for inching up the standard interest rate to guard against rising inflation and threatening the four percent economic growth rate the billionaire likes to brag about. Here’s another reason: The higher interest rates on your credit card balances and car loans also apply to the federal government’s borrowing. RECOMMENDED
  • THE ECONOMIST 2017 front cover just released.... DOOM!!!

    11/20/2016 2:13:01 PM PST · by Enlightened1 · 37 replies
    https://ukshop.economist.com/products/the-world-in-2017?_ga=1.163472444.1228670650.1479661058  
  • The ‘World In 2019’ Economist Magazine Cover Hints At The Arrival Of The ‘End Game’

    11/06/2018 8:20:22 AM PST · by bitt · 27 replies
    thedailycoin.com ^ | 10/14/2018 | Stefan Stanford
    Close to the end of the year each year going back decades, The Economist magazine puts out an issue in which they take a look at the coming year and 2018 is no exception. As we had reported on ANP back on July 11th of 2017, back in 1988, The Economist put out a story in which the cover photo featured the mythical ‘phoenix’ rising out of the ashes of burning dollar bills and other paper/fiat money, wearing a gold medallion with the year ‘2018’ on it with their title, “Get Ready For A World Currency“. Reporting in their story...
  • Gold buying by central banks hits its highest level in almost three years

    11/01/2018 8:53:05 PM PDT · by NRx · 58 replies
    CNBC ^ | 11-01-2018 | David Reid
    Central banks around the world have upped their spending on gold to the highest level in almost three years, according to the World Gold Council (WGC). More than 148 metric tons of gold were bought by the national banks in the three months to the end of September, a rise of 22 percent on the same period last year. Using the current spot price of $1,223 per troy ounce, the gold purchases by the banks added up to a $5.82 billion spending splurge on the precious metal. Russia’s central bank led the buying, purchasing more than 92 tons of gold....
  • Saudi billionaire Alwaleed warns over impact of falling oil price

    10/14/2014 10:54:23 PM PDT · by Enterprise · 41 replies
    ft.com ^ | October 14, 2014 | Simeon Kerr
    In an open letter to Saudi ministers posted via Twitter, Prince Alwaleed bin Talal al-Saud expressed his “astonishment” at comments made by Ali al-Naimi, the oil minister, who reportedly played down the impact of oil prices falling below $100 a barrel. Prices have since fallen below $88 a barrel, or a quarter since June. Prince Alwaleed, noting the kingdom’s 2014 budget was 90 per cent dependent on oil revenues, said belittling the impact of lower prices was a “catastrophe that cannot go unmentioned”.
  • Russia’s economy is tanking. But will it make Putin change course?

    10/13/2014 2:09:40 AM PDT · by elhombrelibre · 21 replies
    Washington Post ^ | 13 Oct 14 | Unknown
    MOSCOW — Deep into the worst conflict between Russia and the West since the Cold War, investors are fleeing, food prices are soaring and there are rumbles from Russia’s Westernized business elite that the nation needs to avoid repeating the economic mismanagement that broke apart the Soviet Union. Western sanctions have choked off financing to some of Russia’s economic juggernauts and denied crucial technology to the nation’s energy sector. But there is little evidence that the mounting economic pressures since the March annexation of Ukraine’s Crimean Peninsula will soften Putin’s policies toward Ukraine and other nations in the former Soviet...
  • god hates mini-hitlers: tanking oil price a catastrophe for the putin regime

    10/15/2014 7:03:07 AM PDT · by Reaganite Republican · 28 replies
    Reaganite Republican ^ | 15 October 2014 | Reaganite Republican
    With oil barely holding on to the $80s, the Kremlin's current leadership faces the same problem they did in the (19)80s: budget revenue half-derived from oil exports, and their backwards, inefficient economy still doesn't produce anything that anybody outside of Mother Russia is willing to spend money on- except perhaps mediocre vodka... And when the self-deluded Russians start babbling about 'greatness' while bullying poor, semi-defenseless countries on the borders of their shabby empire, they tend to get a little caught-up in things... and put the pedal-to-the-medal until they are defeated -i.e. Afghanistan- or simply go-broke, i.e. 1991. Yes, compared...
  • China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin

    10/13/2014 6:08:02 AM PDT · by Enlightened1 · 6 replies
    Zero Hedge ^ | 10/13/14 | Tyler Durden
    While it is beyond a doubt that the primary catalyst for Europe's triple-dip recession has been the nearly two quarters and counting of escalating Russian sanctions that were supposed to solely harm Putin (because who could have possibly foreseen that plunging German exports to Russia would have a far greater impact on the export-driven German economy), the truth is that the Kremlin itself is starting to hurt, if not so much as a result of the European trade embargo but mostly due to crashing oil prices, which have been driven lower almost exclusively by Saudi Arabia as part of its...
  • Oil price drop threatens to hit Russia, Iran harder than sanctions

    10/14/2014 11:30:02 PM PDT · by Berlin_Freeper · 17 replies
    latimes.com ^ | October 13, 2014 | Paul Richter
    A drop in global oil prices, driven in part by a boom in U.S. shale oil production, is threatening to hit the economies of energy-exporting Russia and Iran harder than Western economic sanctions have done.
  • Recession in Russia, revolt in Venezuela? The knock-on effects of tumbling oil prices

    10/16/2014 4:04:48 PM PDT · by Lorianne · 14 replies
    Guardian UK ^ | 15 October 2017 | Alberto Nardelli, bunch of other people
    The sudden slump in oil prices, which have fallen 15% in the past three months, has sent tremors through the capitals of the world’s great oil powers, many of whom could face testing budget crunches if the tendency persists. Higher output coupled with weaker demand from China and Europe has driven the price of crude down to $85 – its lowest for four years. The US also now produces 65% more oil than it did five years ago following the boom in shale production. The rise has contributed to the global glut of crude and allowed the US to import...
  • These 6 Countries Will Be Screwed If Oil Prices Keep Falling

    10/19/2014 6:48:32 PM PDT · by SeekAndFind · 56 replies
    Business Insider ^ | 10/19/2014 | Tomas Hirst
    The collapse in oil prices is already a major cause of concern for countries heavily reliant on exports of the commodity. For some, it could be a matter of avoiding a severe recession. Here's why: For governments in oil-exporting countries to meet their spending commitments they need oil to remain above a certain price. With oil prices under $87 a barrel, countries that rely on high oil prices, including Venezuela, Russia, and Saudi Arabia, may have a reason to be concerned. This chart shows the price per barrel that the six most exposed countries need to meet their national budgets....
  • How will Saudi Arabia Respond to Lower Oil Prices?

    10/21/2014 5:02:59 AM PDT · by thackney · 12 replies
    Wall Street Pit ^ | Oct 19, 2014 | James D. Hamilton
    Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. When oil demand fell in the 1981-82 recession, the Saudis cut production by 6 million barrels a day in an effort to soften the decline in oil prices. They also cut production in response to lower demand in the 2001 recession and the most recent recession. On the other hand, the kingdom boosted production quickly beginning in August 1990 and January 2003 in anticipation...
  • Russia Derangement Syndrome: Syria Edition

    10/07/2018 7:21:02 PM PDT · by robowombat · 7 replies
    Wentworth Report ^ | 6 August 2018 | David Archibald
    Russia Derangement Syndrome: Syria Edition by David Archibald 6 August 2018 The road to hell is paved with good intentions. So it has been with US involvement in Syria. To provide a context to that involvement, let’s start part way through the story with the self-immolation of a Tunisian vegetable vendor on December 17, 2011, driven to despair by harassment from petty officials. That spark set off the Arab Spring. A number of Arab regimes changed; some remained resilient. That wasn’t good enough for David Cameron and Nicholas Sarkozy, the then leaders of the UK and France respectively. Their armed...
  • Gold Is Cheap. Inflation Is Coming. You Do the Math

    10/01/2018 6:57:57 PM PDT · by NRx · 94 replies
    Barrons ^ | 09-24-2018 | Andrew Bary
    Gold has gotten a bad rap. Long seen as the investment choice of the cranky and the fearful, the metal yields nothing; as Warren Buffett has said, it just “looks at you.” This year has been especially lackluster for gold. Its price has slumped 8%, to about $1,200 an ounce, and is off more than 35% from its high of $1,900 in 2011. Adding insult to injury, Vanguard will soon rechristen the largest gold-oriented U.S. mutual fund and shift its focus away from the metal. But this out-of-favor asset class now deserves a place in investment portfolios. Compared with stocks...
  • Game over for America:...after the crash, the US economy...but its self-confidence has not...

    09/15/2018 7:05:28 PM PDT · by familyop · 14 replies
    The Daily Mail (U.K.) ^ | September 15, 2018 | FREDDY GRAY DEPUTY EDITOR OF THE SPECTATOR FOR THE MAIL ON SUNDAY
    One of the funnier comedy Trump videos on YouTube is a montage, made before he became president, of all the times Trump said China. It’s about three minutes long and is mesmerisingly hilarious. As a candidate, he talked about China ‘raping’ America. Funnily enough, that was exactly what Americans wanted to hear...Maybe Trump isn’t as stupid as he seems – and maybe his supporters aren’t as stupid as smug liberals assume. Forty per cent of Americans never leave their country, but they can see how it is being eclipsed by China. And US voters know that China doesn’t play by...
  • $1 Million in Gold Coins From 1715 Shipwreck on the Market

    11/07/2016 6:57:31 PM PST · by nickcarraway · 18 replies
    WTOP ^ | November 7, 2016
    A New Orleans investment firm has begun marketing gold coins from a 300-year-old shipwreck discovered off Florida’s coast. Blanchard and Co. is one of two dealers offering the coins from an area where 11 treasure-laden ships of a Spanish fleet were smashed onto reefs by a hurricane on July 31, 1715. The other dealer is California-based Monaco Rare Coins. John Albanese, a New Jersey-based coin expert who brokered the sales, said in an interview Friday that most of the 295 coins being offered were found by divers exploring the area last year on the 300th anniversary of the disaster.
  • Destroying Trump Destroys More than America

    09/09/2018 4:59:50 PM PDT · by vannrox · 16 replies
    Gold, goats and guns ^ | 10SEP18 | Tom Luongo
    The “Resistance” has morphed into the “Lynch Mob.” Having successfully been gaslit into believing Donald Trump is everything from a bad joke to a Russian spy, the Progressive left in the U.S. are embracing all the totalitarian impulses their grabby little hands can find as they climb the Cliffs of their Insanity to remove him from office. This putsch is orchestrated by a now open conspiracy of members of FBI, CIA, MI-6, DNC, the U.S. corporate media and Trump’s own staff in the Oval Office as evidenced by the recent and infamous New York Times op-ed. This expose from a...
  • Venezuela says it is refining gold in Turkey following sanctions

    07/29/2018 10:27:50 AM PDT · by ameribbean expat · 25 replies
    CARACAS, July 18 (Reuters) - Venezuela’s central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out such operations in Switzerland, the country’s mining minister said on Wednesday. The central bank for several years has been buying gold from small miners in the south of the country and refining it to be used as monetary gold to shore up its international reserves that have tumbled as the country’s socialist economy implodes. “This is an agreement established with Turkey and the Venezuelan central bank,” said Victor Cano in a...
  • Are Russia and China Trying to Kill The Dollar?

    08/14/2018 12:46:00 PM PDT · by SaveFerris · 34 replies
    Yahoo / Forbes ^ | August 14, 2018 | Forbes as found at Yahoo
    Russian Foreign Minister Sergei Lavrov suggested Tuesday that countries facing sanctions like Iran, Turkey and Russia may start doing business in their national currencies, suggesting that the days of the U.S. dollar as the international reserve currency may be numbered. Perhaps no one would be happier about that than President Donald Trump. Here’s why: As Yale economist Robert Tiffin explained in the 1950s, if a country’s currency is the international reserve currency, then it has no choice but to run a current account deficit. If a replacement is found, as the dollar replaced the British pound in the 1920s, it...