Investors might want to add a little cash and some gold to their portfolio’s summer outfit. So say analysts at Bank of America Merrill Lynch, who are forecasting a grim summer for stocks this year. In other words, it might be wise to apply ample dollops of market-correction block in addition to any sunscreen you…
Bank of America Is Forecasting a ‘Scary Summer’ for the Stock MarketDetailsChina has set up its largest gold-investment fund ever, expected to total 100 billion yuan ($16 billion), aiming to invest in mining projects in the region and enhance Chinese influence in global gold markets, local media reports said Wednesday. The “Silk Road Gold Fund” — led by the Shanghai Gold Exchange and others — is…
China Sets Up Giant Gold Fund to Expand Its Market PowerDetailsStill feeling uncomfortable about that tax bill you owed last month? Think about it this way: If you didn’t pay it, America’s fiscal future would look even worse than it does now, six years out from the financial crisis. Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax…
America's Future Got $7 Trillion Worse Since the Financial CrisisDetailsU.S. Money Reserve is pleased to announce Philip N. Diehl, president of U.S. Money Reserve, has recently joined the Texas Numismatic Association. Representing U.S. Money Reserve, Diehl’s membership further strengthens the company’s commitment to the numismatic community with a shared appreciation for historical coinage. Upon joining the organization, Diehl said, “As former director of the…
USMR President Philip N. Diehl joins Texas Numismatic AssociationDetailsU.S. Money Reserve is proud to announce its accreditation with the Online Business Bureau. With a “Recommended” rating and no outstanding complaints, U.S. Money Reserve joins over 1.8 million companies registered with the Online Business Bureau and evaluated for reputable and reliable online customer service. The Online Business Bureau was established to provide consumers with…
U.S. Money Reserve Accredited with Online Business BureauDetailsDecember 5, 2013 U.S. Money Reserve proudly announces its “AAA” rating from the Business Consumer Alliance, signifying the company’s commitment to exemplary customer service. A nationally-recognized resource for business-related complaints, reviews and reports, the Business Consumer Alliance awarded the precious metals distributor the highest rating offered by the organization. In response to the “AAA”…
Business Consumer Alliance Awards U.S. Money Reserve Highest RatingDetailsGold futures were flat on Monday after rallying to their biggest monthly gain in three years last week but the precious metal is poised to strengthen with U.S. stocks under pressure. Gold for April delivery on Comex GCJ5, -0.23% settled at $1,279.20 an ounce, unchanged from Friday, while March silver SIH5, -1.70% climbed 43 cents, or 2.6%, to $17.21 an ounce.…
Gold Takes Breather after Biggest Monthly Rise in 3 YearsDetailsInvestors’ desire for precious metals is deepening after Mario Draghi’s $1.2 trillion pledge drove gold to a five-month high and silver to the brink of a bull market. Their buying helped boost the value of exchange-traded products backed by gold and silver by $8.2 billion this month, the most since September 2012, data compiled by…
Precious Metals Coveted Once More as Draghi Acts: CommoditiesDetails(Kitco News) – The race to the bottom in currency markets continues to heat up and in a potential currency war some analysts see gold as the biggest winner. Singapore’s central bank surprised the markets this week by loosening its monetary policy. On Wednesday, the Monetary Authority of Singapore (MAS), which uses its exchange rate as…
Gold Wins In A Global Currency War - AnalystsDetailsThe Fed’s preferred measures of inflation are so low they’re in the Fed’s panic zone. What gives? “There’s an ideal playbook, and it would look something like this,” James Rickards, author of the New York Times bestseller Currency Wars,explained. “You’d have higher inflation than we have today, but not…
China Working Quietly to Buy Up GoldDetailsUkraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. The Ukrainian military’s showdown with separatists in the industrial east has forced…
Ukraine’s Next Crisis? Economic DisasterDetailsWASHINGTON (AP) — Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job-hunters nationwide as an improving economy has encouraged more people to seek work. The Labor Department said Monday that unemployment rates fell in eight states in…
Unemployment Rises in Most U.S. States in JulyDetails
