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Previously we touched on the failure of Silicon Valley Bank, as well as First Republic Bank, the 2nd and 3rd largest bank failures in United States history respectively. We also asked the question on whether or not this was a contained situation or if these failures were likely to spread and cause contagion across the…
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Category: Gold Price Canada
Why does Gold offer such great investing benefits?
Gold is a port in a storm when there is an economic collapse. In short, the value of Gold remains steady even if the stock market crashes. So, why not invest in something that minimizes damage and gives great benefits? Though as a general rule, the price of Gold goes up. Significantly, investors consider…
Exploring the Reasons Why Canada Doesn’t Own Any Gold
Have you ever considered how little gold there is in Canada? Most other countries, including the US, do have gold, therefore it’s a good question. The Bank of Canada began selling its gold holdings in the early 2000s. Canada is the G7 country. Together with Angola, Belize, and Tonga, Canada is currently one of…
A Look at the Record-Breaking Gold Prices Surge of 2023
Due to the US dollar’s advantages against gold, gold is predicted to perform well soon. The Dollar Index and gold do not correlate favourably. Before to that, spot gold rose 1.6% to $2,009.59 per ounce, which was just shy of the record set at the start of the pandemic. The Causes That Boosted Gold…
Understanding How Gold & Gold Equities are Affected by US Recessions
When it comes to identifying a recession, the National Bureau of Economic Research (NBER), a preeminent economic think tank established in 1920, is the accepted source in the United States. The Relationship Between US Recessions and The Price of Gold NBER typically announces a recession between six and eighteen months. The amount of each asset…
