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  • Infographic: The Dollar’s Falling Status as a Reserve Currency

    • July 13, 2015
    • Category: Currency

    The U.S. dollar has long been referred to as the world’s reserve currency. However, with the dollar stronger than ever and the United States carrying an $18 trillion national debt, more and more countries are dumping the dollar in favor of other foreign currencies. The infographic below provides a snapshot. Courtesy of: Visual Capitalist   Make gold

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  • An overview of the crazy week in financial news

    • July 10, 2015
    • Category: News

    It was an eventful week in financial news, with much of the spotlight cast on China’s stock market collapse, the NYSE’s temporary shutdown, and the latest on Greece. Here is an overview. China’s stock market collapses The Chinese stock market has lost about $2.7 trillion in value since it peaked on June 12. About a quarter of

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  • Putting Greece and China into perspective

    • July 9, 2015
    • Category: Government

    Greece’s and China’s recent economic woes – Greece’s default on its debt and China’s stock market crash – may be difficult to grasp for those in other parts of the world. We’ve gathered five articles that offer some perspective on the problems these two countries are currently facing. Think Greece can’t happen here? You’re wrong “[J]ust like

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  • After much hard work, Iran gets 13 tons of its gold back

    • July 1, 2015
    • Category: News

    Iranian officials announced Monday that Iran’s central bank has repatriated 13 tons of gold as part of a sanctions relief package provided by the U.S. and other Western powers. The gold was transferred from South Africa, where it had been held while Iran was under tough sanctions meant to squelch its nuclear program. The sanctions relief package will provide

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  • Concerned Greek investors put their money in gold

    • June 30, 2015
    • Category: Government

    Greeks wanting to secure their money in recent months before a potential bank shutdown, which indeed occurred on Monday, chose to put their money into – you guessed it – gold. The Wall Street Journal wrote: Spooked by the country’s escalating debt crisis, Greeks yanked billions of deposits out of the country’s banks in recent months until the

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  • Dow Jones falls 350 points as Greece closes all banks

    • June 29, 2015
    • Category: News

    Imagine being told all of your country’s banks and financial markets have been closed for the week, and that you may only withdraw $66 from your bank account per day. Scary, right? Unfortunately for the Greeks, this scenario is their current reality. Greece, which owes $1.8 billion USD to the International Monetary Fund on Tuesday,

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  • A golden lining to the Golden State’s drought

    • June 24, 2015
    • Category: News

    By Nienetwiler (Own work) [CC BY 2.5 ch], via Wikimedia Commons   California’s now four-year drought is serving as a reminder of the everlasting allure of gold. Prospectors have been taking advantage of low water levels, finding pieces of gold that are normally submerged. “In recent years, drought-inspired gold seeking has spiked sales of sluice boxes, gold

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  • What is behind Apple’s affinity for gold?

    • June 22, 2015
    • Category: Gold

    When it comes to the color and composition of its products, Apple has an affinity for gold. The company has released gold-colored iPhones, iPads, and MacBooks, and even produced a luxury Apple Watch containing 18-karat gold. What is behind this obsession? Mashable wrote in April: Many years have passed since the iMac was Apple’s flagship product, but the company’s

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  • Gold gains 0.3% after Fed leaves interest rates unchanged

    • June 17, 2015
    • Category: News

    Gold recovered some of its losses on Wednesday, gaining 0.3% following the Federal Reserve’s highly anticipated statement regarding its June 16-17 monetary policy meeting. The statement revealed the Fed will leave interest rates unchanged for the time being. Comments in the statement regarding the economy were less positive than expected. Read the full press release. The Federal Open Market Committee (FOMC)’s assessment

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  • BofA survey reveals “caution is in the air”

    • June 16, 2015
    • Category: News

    Bank of America Merrill Lynch (BAML) has put out a press release detailing the results of its June 2015 Fund Manager Survey, which revealed some major economic concerns and an interesting shift in assets. The survey, which is conducted monthly on a national, global, and regional level, involved a panel of 468 fund managers total

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