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On May 12, gold prices fell by over $100 (approximately 3%), dropping from $3,323 to just under $3,215 per ounce, while bitcoin remained stable, trading above $104,000. Trade War De-Escalation Bane for Safe Haven Asset Gold dropped marginally in the opening trading hours of May 12, while bitcoin reacted positively to reports that the U.S. … Read more
Market analysts are closely watching the ongoing dialogue between U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and China’s Vice Premier He Lifeng as both sides attempt to ease tensions in their prolonged trade standoff. On Sunday, Bessent and Greer noted the duo made substantial progress during the negotiations. Tariff Titans Face-Off Top … Read more
ASEAN, the Association of Southeast Asian Nations, along with China, Japan, and South Korea, criticized the escalation of protectionism in a joint statement. The group called for enhanced regional unity to address the uncertainty arising from the implementation of these policies. ASEAN, China, Japan, and South Korea to Strengthen Ties to Fight Protectionism, Enhance Multilateralism … Read more
According to a recent Gallup poll, real estate is still the preferred long-term investment option for U.S. citizens, while gold has surpassed stocks, which traditionally reached second place. 37% estimate that real estate is the best option, while 24% believe in gold instead. Crypto registers a marginal preference, with only 4%. Gallup Poll: Real Estate, … Read more
On Thursday, U.S. President Donald Trump blasted the Federal Reserve and its Chair, Jerome Powell, after the central bank kept the federal funds rate unchanged the day prior. He hopped onto social media via Truth Social and branded Powell a “fool.” Trump Torches Fed Boss Over Inflation Moves President Trump has once again lobbed colorful … Read more
According to reports, Euroclear is set to proceed with the confiscation of $3 billion in Russian assets to compensate Western investors for losses incurred from asset forfeitures in the country. If executed, this move risks jeopardizing the clearance platform that handles trillions. Euroclear to Seize $3 Billion in Russian Assets A move that might put … Read more
Peter Schiff says the U.S. dollar is about to free fall, insisting the only way to end America’s trade imbalance is to end its reserve currency status. The End of Reserve Currency Status? US Dollar Faces Terminal Decline as Imbalances Surge Economist and gold advocate Peter Schiff issued a sweeping critique of U.S. economic policy … Read more
Robert Kiyosaki ignites bullish momentum for bitcoin, declaring it the ultimate shield against looming market collapse, runaway inflation, and relentless fiat debasement by central banks. Kiyosaki Doubles Down on Bitcoin as Fed Prints Fake Money and Inflation Accelerates Robert Kiyosaki, author of the best-selling personal finance classic Rich Dad Poor Dad, has weighed in once … Read more
China’s central bank slashed key interest rates and injected $138.5 billion into its financial system to bolster an economy battered by U.S. trade tensions and domestic challenges. PBOC Unveils Sweeping Rate Cuts Reuters reported that the People’s Bank of China (PBOC) cut its seven-day reverse repurchase rate by 10 basis points to 1.4%, effective May … Read more
Global finance is entering a transformative phase as the U.S. dollar’s supremacy unravels, opening explosive opportunities for emerging currencies and signaling a seismic portfolio realignment. Devere CEO Warns: The US Dollar’s Era of Unquestioned Power Is Slipping Away Financial advisory firm Devere Group CEO Nigel Green cautioned on May 5 that global investors are dangerously … Read more