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Multiple factors are causing the change in the price of precious metals like Gold and silver. Generally, there is a negative relationship between the rise in gold prices and the rise in interest rate. In this article, we will view the type of interest rates causing an increase in gold prices. We will see…
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Category: Gold Price Canada
Chinese Panda Coin
One of the most well-known bullion coins in circulation today is the Chinese Panda coin. Since 1982, it has been published annually by the People’s Republic of China. History The loving giant panda, a symbol of China that is recognized all over the world, is shown on this popular coin. The design of the…
What are Precious Metals?
What are Precious Metals? Rare and chemically inert metals are called precious metals. They have great market value since they are scarce. Numerous applications call for the usage of precious metals, including jewelry, technology, and industry. Explanation Gold, silver, platinum, and palladium are the four major precious metals. Silver is also considered a valuable metal….
Fighting Inflation
What is Inflation? In general terms, inflation is simply when everything gets more expensive. It is a general increase in prices for everything in the economy. This means that businesses have to spend even more money on the same amount of goods and services. Aside from that, this gradual increase in prices also corresponds with…
Gold: The Unsanctionable Money
Since the Russian invasion of Ukraine earlier this year, one of the main economic debates has been whether the sanctions placed on Russia by the West and other European nations are working or not? Given the fact the Russian Ruble has been the best performing currency of the year and those European nations, like…