It’s no secret that the Kremlin has been a proponent of a gold-backed ruble. Now it appears they’re set to make it happen—but how? The central bank in Russia has fixed the value of the ruble to gold. This action follows the unwelcomed interventions by the U.S., the U.K., and […]
Silver coins have grown in popularity during the last couple of years. Investors and collectors look to the precious metal as not only a valuable asset but also a beautiful work of art. Silver comes in a variety of forms, the most popular being in the form of coins and […]
The Commodity Exchange Inc. (COMEX) is a commodity exchange based out of New York City where buyers and sellers trade precious metals. The Chicago Mercantile Exchange owns COMEX and is the world’s largest options and futures metals exchange. Currently, COMEX operates a clearinghouse for gold, silver, platinum, palladium, […]
The deadline is fast approaching for Germany and other European countries to begin paying Russia in rubles instead of in euros for gas, a move that could have seismic consequences across the Eurozone economy. Unfortunately for Germany, its economy is hooked on cheap Russian natural gas. Nearly 50 percent of […]
Fed’s Key Inflation Gauge Spikes 5.4% for March Mar. 31, 2022 The core personal consumption expenditures (PCE) price index rose 5.4%, more than this time last year, making it the highest increase in close to 4 decades. The Federal Reserve considers the PCE price index as the most reliable indicator […]
