Tag Archives: france

Inch by inch, our government and private banks are taking steps to limit our ability to use cash. What are the potential implications, and how may that affect you? Find out right here.

Given the strength of the U.S. dollar in 2014, it’s quite encouraging to see how well gold held its own. Even though the yellow metal lost some of its value against the dollar, it still outperformed all other world currencies. Click to see the chart.

Every week, Your News to Know delivers you the latest news stories about the economy and the gold market. Stories this week include: The West jacks up gold prices by printing more paper money, more and more European nations say they want their gold back from the United States, and India eases gold import restrictions boosting wedding demand for the metal. Get all the details here.

First came FATCA. Now the U.S. government is again sticking its nose in the business of other nations – flouting international law in the process – and there are signs that the world has had enough of our bullying ways. As countries band together to work outside of the dollar altogether, what does that mean for the U.S.? More importantly, what does that mean for ANY of us? It’s important to understand the ramifications, and we break it down for you here.

Sales of physical gold are expected to pick up in the coming weeks as China, the world’s second largest consumer of gold, prepares for celebrations in February when it will ring in its new year and mark the arrival of the Black Water Snake during its Spring Festival. Gold’s movement last week certainly looked like a serpent swimming in a pond, and closed the week up %0.6 at $1,657.50. Silver picked up slack and closed a full 4.6% higher, docking at $30.67. Chatter has begun about a possible hard landing for China’s economy. Rough rumors or real talk? As the U.S. fiscal follies come back into view with debate over the debt ceiling, prepare for some jitters in the market. From the outside, the Eurozone seems to be stable (if you consider a slowed slide into collapse as stable), but citizens in each country continue to launch local, alternative currencies. The unrest in the Central Republic of Africa has been halted by a cease fire agreement, but the citizens of the country still clamor for greater redistribution of the wealth generated by the national mining industry. This could be bad news for French mining concerns. Further pressure in Africa: if China does have a hard landing, Angola, Congo, Ghana, Zambia could also see major disruption to their economies. Like the predictions for the Year of the Black Snake, gold will have its ups and downs. Keep your eyes on China these next few weeks.