On and off, we hear many analysts and experts talking about dedollarization and collapse of US dollar in the near future. But really, what are the chances of that happening?
The US dollar global exchange market is extremely huge. A number of countries actually use the dollar as their national … Read full post
Despite retreating from the recent high of US $25.00 level, silver prices are holding out well at the US $23.00 region. Geographical tension and financial woes look unlikely to end anytime soon, thus providing a simple and clear reason for silver prices to consolidate and challenge the next higher bar. … Read full post
Joe Biden and GOP reached agreement to raise the US ceiling to avoid what could have been a catastrophic default leading to financial chaos and social unrest. In simple terms, raising debt ceiling means printing more money. Furthermore, the so called deal only has a validity of 2 years and … Read full post
Central banks continue to pile up their gold inventory despite elevated prices. Major Asian economies continue to see gold as a reliable alternative to currencies, especially, in the current uncertain and volatile world.
The Monetary Authority of Singapore purchased 17.3 tonnes of gold in March 2023. The Southeast Asia financial … Read full post
The recent banking crisis involving Credit Sussie, Silicon Valley Bank and Signature Bank has put the credibility of banks all over the world into question. The Credit Sussie episode clearly illustrated that even the most reputable banks are ready to pull off an unthinkable bank run within lighting speed timeframe. … Read full post
