European Central Bank Introduces Negative Interest Rates

Posted filed under Financial News.

European Central Bank logo

This month, the European Central Bank (ECB) has made a number of moves designed to stimulate the continent’s economy, including the introduction of negative interest rates. According to the BBC, the ECB is the first major central bank to implement negative interest rates. The move became official when the ECB cut its deposit rate for… Read more »

How Russia-China Deals Will Affect the Dollar

Posted filed under Consultants Corner.

crumpled dollar

Russia’s conflict with Ukraine has dominated the news recently, but it is Russia’s economic deals that should be garnering more attention. The Kremlin has made it very clear that they are interested in having the U.S. dollar removed as the world’s reserve currency and they have struck a number of trade deals with China and… Read more »

Gold Prices Hit 18 Week Low

Posted filed under Precious Metals News.

Gold Prices Down

Gold has been steadily falling recently as more reports are released showing an improving U.S. economy and less news reports of tension between Russia and Ukraine. Since gold is traditionally used as a safe-haven investment in times of economic or political uncertainty, a currently stabilized world is having its effect. US Spot Gold opened Thursday… Read more »

The Earth’s Gold Supply is Running Out Fast

Posted filed under Precious Metals News.

Gold nugget picture

Gold is extremely rare. For centuries, this precious metal has been coveted by humans all over the world. Gold’s scarcity and beauty has made it one of the most sought after items in the history of man. And now it is running out. The Wall Street Journal predicts that we may only be two decades… Read more »

China and Russia Continue De-Dollarization With Latest Deal

Posted filed under Financial News.

Reserve Currency History Chart

Vladimir Putin is in China and apparently he had a very busy first day. ZeroHedge.com is reporting that VTB, Russia’s second largest bank, has signed a deal with Bank of China which includes paying each other in domestic currencies, bypassing the need for the US dollar. Russia and China’s desire to move away from the… Read more »