Category : Change of Money
The latest US sanctions, which sent the Russian currency to its steepest drop in the past three years, surprisingly helped to boost the country’s budget with an extra 232 billion rubles ($3.8 billion).
The second quarter expects to see another gold rally pushed by strong physical demand and the weaker US dollar, according to Boris Mikanikrezai, precious and base metals strategist at Metal Bulletin.
Bitcoin got hammered yesterday after New York Attorney General Eric Schneiderman announced an investigation into some of the major cryptocurrency exchanges.
Nobel laureate Robert Shiller has taken his turn to bash bitcoin, calling the cryptocurrency more of a psychological experiment than a serious investment.
Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily.
Litecoin traded roughly 10 percent lower near $145 as of 4:08 p.m. ET, according to CoinMarketCap.
In this report we study the current condition of platinum as an investment.
We will first study if the current price of platinum can be considered cheap historically.
We will then assess the supply/demand of platinum and its current deficit. We will study the financial condition of the major miners of platinum.
We will finally compare the current platinum condition to the palladium condition, knowing that palladium prices recently surged to all time highs.