munKNEE.com Your Key to Making Money

The Economist Intelligence Unit has produced its first global forecast since the Brexit vote. Please find below their forecasts for commodities until 2020.

As we documented in our extensive Gold Series, gold has been used as a monetary metal for thousands of years... It’s the most malleable and ductile metal, and it doesn’t tarnish or corrode. Over time, these properties have helped people to associate gold with concepts such as immortality or royalty. Even today, people are still finding new uses for gold that are impressive in their own right. For example, scientists recently discovered a gold alloy that is four times tougher than titanium. The following infographic puts the rich history of gold into perspective.

For most people, building a fortune is an elusive task but, once they have a fortune, many people find that they have a hard time hanging onto it. Below we discuss the 8 biggest fortunes ever lost. The reasons are diverse but, usually, it’s the same forces that built those fortunes in the first place. Economics is a fickle beast. Wealth is a fickle thing. It isn’t as tangible as people like to think.

This week the Bank of England cut its interest rate and introduced a package of measures designed to provide additional monetary stimulus. What does it imply for the gold market?

Does lousy growth + lousy construction spending = trouble for the U.S. economy? That’s what you have to wonder in light of the latest figures coming out of Washington.

The time is ripe for financial innovation: new technologies are helping end users skip past gatekeepers and intermediaries to customize their use of financial products. Payments, personal finance, P2P lending, insurance, digital banking, equity crowdfunding, smart contracts, and digital currencies are just some of the areas that are of interest in the fintech landscape. There’s heavy competition in the fintech space and no shortage of moving parts. However, this infographic from DealSunny helps to put most things in perspective.

This is not a sound for alarm, for the trend for gold & silver remains up, BUT there could be some more corrective activity in the next few weeks. Here's what the charts have to say about the current situation.

Today’s infographic breaks down America’s multi-billion dollar sports betting industry. It shows the four states where fixed odds betting through bookmakers is legal, and it also compares a more legal alternative that’s available in 43 states.

In this report, we examine the impact of fees on performance for both retail mutual funds andinvesting-7 institutional managed accounts, using gross-of-fees returns.

Economic activity in Venezuela will fall 10% in 2016 – not 8% as previously stated - according to the IMF. General Mills, Bridgestone, Coca-Cola, Kimberly-Clark, Aeromexico, Lufthansa and LATAM Airlines have all suspended operations there in the past year. Upcoming debt payments are significant, and the country will most likely default as early as November of this year and no later than April of next year. International reserves are simply insufficient at a time when oil production declines and the economy contracts. Two questions in the air: Will China save Venezuela? Will it demand Maduro step down?