Friday , 1 November 2024

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Mexico’s Economy Showing Serious Signs Of Strain

Pemex, Mexico’s over-indebted, money-losing state-owned oil giant, appears to be in a state of terminal decline. To survive, it needs some last-minute reprieve or miracle...For the broader Mexican economy, Pemex’s woes are just part of the problem. With the overseas market for Pemex’s oil shrinking,...while the company’s production continues to crumble, Mexico will depend even more on its manufacturing sector but that too, is showing serious signs of strain.

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Gold Could Reach $2,000 Within A Year & $4,000 – $6,000 by 2020 – Here’s Why

You wouldn’t know it reading the Wall Street Journal, Bloomberg, or the other popular investment news sources . . . but thus far this year gold prices are up some 16 percent, making the yellow metal just about the top-performing investment asset class of 2016. We expect gold will continue to be one of the best – if not the best – investment-asset class in the months and years ahead. In fact, by this time next year, gold prices could challenge or even surpass their all-time high of $1,924 an ounce reached briefly in September 2011 and, as outlandish as it may seem, gold could double or even triple its historic high by the end of this decade.

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Silver Now Represents An Historic Investment Opportunity

I believe that the price of silver will eventually go over $100 a troy ounce and when that happens, those that got in today will be exceedingly happy with their returns. Others are projecting even greater gains. I am fully convinced that silver is a wonderful investment for the mid to long term.

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Will China Introducing A Yuan-denominated Gold Price Fix Be Bullish For Gold?

On April 19th China introduced a yuan-denominated gold benchmark on the Shanghai Gold Exchange in a move to become an even bigger player in the global gold market. Gold transactions to be conducted without dollars, separate from the New York and London metals exchanges that have dominated the gold market for decades. Will that be bullish for gold as so many analysts think?]

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Digix: This New Crypto-currency Is Backed By Gold!

Gold investors have been slow and cautious to adopt crypto-currencies such as bitcoin seeing them as false competition to real money such as gold and silver. The major argument from gold bugs has been that bitcoin is not backed by anything tangible [but] that has all changed with the recent introduction of Digix - the gold standard in peer-to-peer digital assets because it is literally backed by gold.

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