Government

The United States has enjoyed the ability to borrow effortlessly and sustain an assertive foreign policy, by virtue of its status as the world’s reserve currency. But the rise of other currencies and concerns related to the mushrooming US debt has created doubt, causing many foreign entities to sell-off of US currency and securities. And

Greece’s and China’s recent economic woes – Greece’s default on its debt and China’s stock market crash – may be difficult to grasp for those in other parts of the world. We’ve gathered five articles that offer some perspective on the problems these two countries are currently facing. Think Greece can’t happen here? You’re wrong “[J]ust like

Greeks wanting to secure their money in recent months before a potential bank shutdown, which indeed occurred on Monday, chose to put their money into – you guessed it – gold. The Wall Street Journal wrote: Spooked by the country’s escalating debt crisis, Greeks yanked billions of deposits out of the country’s banks in recent months until the

Federal Reserve Chair Janet Yellen completed her semiannual report to Congress on Wednesday, testifying before the House Financial Services Committee and the Senate Banking Committee. Here are four important takeaways from her testimony, and what it has to do with gold. 1. Yellen is happy with the recent economic growth – but sees room for improvement On economic

Would you believe that at one point in Hungary’s history, prices of goods could double in just 15 hours? Or that in 1923 Germany a loaf of bread cost 200 billion marks? Or that Zimbabwe’s former currency has been printed in denominations as high as 100 trillion? These are real-life historical examples of hyperinflation –

Gold fell and then stabilized on Wednesday afternoon as the Federal Reserve released a policy statement upholding its plans to keep interest rates near zero for a “considerable time” (read the full statement here). Around 2:53 p.m. EDT, gold for December delivery fell by $3.90 to $1,232.80 an ounce on the Comex. It finished the session at $1,235.90, which

In economic discussion, you may often hear that a government is “printing money” and then picture sheets of hundred dollar bills coming off a printing press. However, most often this is not what actually takes place when a government adds to the monetary supply. Money creation in modern economies usually involves creating money that is not physical. Central