Wednesday , 8 January 2025

Lorimer Wilson

Why Do Central Banks Buy Gold? Here’s Why

Central banks like gold because the metal is expected to hold its value through turbulent times and, unlike currencies and bonds, it does not rely on any issuer or government. It also enables central banks to diversify away from assets like US Treasuries and the dollar.

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What Is A Universal Basic Income? Why Is It Flawed?

A Universal Basic Income (UBI) sounds great in theory. According to a previous study by the Roosevelt Institute, it could permanently increase the U.S. economy by trillions of dollars. While such socialistic policies sound great in theory, history, and data, they aren’t the economic saviors they are touted to be.

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Here’s What Happened To the Markets in the Past Few Days

On Monday morning, investors woke up to plunging stock markets with media headlines suggesting that the sell-off was due to fears of a recession, slowing employment growth, and fears over Israel and Iran, but those were not the primary reason why. In fact, it was the forced unwinding of the “Yen Carry Trade.” Let me explain.

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What Is A “Meme” Stock?

The word "meme" comes from the ancient Greek word "mimema" - meaning imitation - and is used to describe information that is imitated and often spread via pop culture references on social media.

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Founding Fathers’ Financial Advice Stand the Test of Time

To help you in your personal finances, consider what 6 of the founders of the United States of America - Benjamin Franklin, Thomas Jefferson, Alexander Hamilton, John Hancock, John Adams and George Washington had to say on the subject. They definitely stand the test of time.

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