Russia Central Bank Doubles Interest Rates to Slow the Collapse of Ruble Feb. 28, 2022 The US, UK, and EU implemented a multitude of economic sanctions against Russia for its incursion on Ukraine last week. As a result, the Russian ruble has crashed as low as 115 against the US […]
Is Silver Making a Comeback? Source: Pixabay There is no question that 2021 gold and silver prices generated strong debates among investors and analysts regarding precious metals’ performance numbers. But with the start of 2022, many investors and analysts are highly optimistic about silver’s potential of outperforming gold. Silver struggled […]
Gold Price Rise As fear of Omicron Variant Persist Nov. 30, 2021 Source: Pixabay Investors flocked to gold after Moderna CEO stated that vaccines are less effective against the Omicron variant, spiking fears once again of potential shutdowns to the economy. The US dollar took a .3% hit allowing gold […]
Inflation Rises at Fastest Pace in 30 years Oct. 29, 2021 Source: Pixabay The US Commerce Department just reported that annual inflation increased at its fastest rate in over 30 years. The Personal Consumption Expenditures price index, including energy and food, rose to 0.3% for October. Year-over-year rates increased to […]
New Bitcoin Investment Vehicle Debuted on Wall Street, With More on the Way Source: Pixabay A new Bitcoin-focused exchange-traded fund, ProShares Bitcoin Strategy ETF, debuted on Wall Street. ProShares Bitcoin Strategy ETF will trade in Bitcoin futures contracts that speculate on the future price of Bitcoin as opposed to the […]
