Inflation Soars to Record Highs in the EU May 31, 2022 The EU’s consumer price index (CPI) was released Tuesday, revealing a record-breaking 8.1% rise year-over-year (YoY) for May 2022. This severe inflationary problem in the EU is dominated by food and energy costs. Food prices increased by 7.5% YoY, […]
Buying gold can be daunting for many newcomers, but it doesn’t have to be with the right set of tips. Today, the world is gripped by high inflation rates, a slowing economy, and financial instability due to growing conflicts like the war in Ukraine. As a result, many people have […]
The Commodity Exchange, Inc. (COMEX) division of the New York Mercantile Exchange (NYMEX) has warehouses from which investors can take delivery on contracts for gold. The gold held in the vaults is divided into two categories: eligible and registered gold. The eligible gold specified by COMEX is all gold that […]
The London Metal Exchange will shutter its precious metals trading after operating for only five years. The London Metal Exchange is an exchange that offers forward and futures contracts, plus options on metals. Recently, the LME came under scrutiny by traders and the media for suspending trades on nickel. This was […]
Are you thinking about making a gold coin an investment? You are not alone. In the past, buying gold has been seen as a way of protecting yourself from banks and financial institutions on shaky ground, or even your own government. Many people face tough economic years without any savings, […]
