From 2000 through 2012, the price of gold increased every year, rising from around $280 an ounce to nearly $1,700. It was an unprecedented run.
Its introduction poses the first ever challenge to petro-dollar dominance. China is the world’s largest oil importing/consuming nation. Gold-backed petro-yuan futures trading began Monday on
The dollar is dead but the world doesn’t know it. It has been a slow death and the final stages will be very painful for
The Central Bank of Russia has recently been buying bullion at an unprecedented pace. According to Argentine financial expert Gabriel Rubinstein, this policy is aimed
The US received a major blow to its global hegemony, and one which is sure to trigger more fighting talk from hawks in Washington. This
Trump was seen as a presidential candidate who would possibly move towards a less interventionist foreign policy. That hope is gone. The insurgency that brought
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating
What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money . A good money