Friday , 1 November 2024

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Implications of Declining Dollar Will Be Major (+2K Views)

Western central banks, by debasing their currencies, have produced little more than financial ammunition for speculation on a grand scale. We saw the effect of a flood of this accumulation into the dollar over the last 18 months, and we are about to see the opposite effect as it ebbs away. What will the implications be?

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Now Is Not the Time To Be Living On the Financial Edge – Are You? (+2K Views)

U.S. consumers accumulated more new credit card debt during the 4th quarter of 2015 than they did during the years of 2009, 2010 and 2011 combined. That is absolutely insanity, because other than payday loans, credit card debt is just about the worst kind of debt that consumers could possibly go into. Extremely high rates of interest, combined with severe penalties and fees, can choke the financial life out of almost any family in no time at all.

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The 10 Best Resource Stocks To Invest In At This Time (+2K Views)

Resource stock returns during the past few years have been downright lousy but that’s not to say investors should neglect the sector. It offers tremendous value currently and has historically produced some eye-popping gains. Here is a portfolio of 10 stocks we think will outperform long-term during both good and not-so-good times.

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Gold & Silver Likely Going to $2,000 & $50/ozt. Before End Of Year – Here’s Why (+3K Views)

Gold is in a hurry and is unlikely to wait for investors to acquire it at anywhere near these prices. We could now see a quick move to $1,400 and if gold doesn’t stay too long at that level, the acceleration is likely to continue towards the previous high of $1,900 and go even as high as $2,000/ozt. That being said, silver will move twice as fast as gold and could well reach $50 in 2016. Here's why.

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10 Largest Gold Reserves By Country: Where Does Your Country Rank?

According to the latest report from the World Gold Council, central banks added 336.2 tonnes of gold to their reserves in the second half of 2015, up from 252.1 tonnes in the first half of the year. Using the WGC's data, we put together a list of the biggest gold hoarders out there. Check them out below.

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