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Bank of Canada raises interest rate 100 bps, maintains quantitative tightening. The Bank of Canada raised its overnight rate goal to 2.5%, with the Bank Rate at 2.4% and the deposit rate at 2.5%. The Bank’s quantitative tightening continues (QT). Inflation in Canada is higher and more persistent than the Bank predicted in its…
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Category: Gold
Selling Silver Bars: A Step-by-Step Guide
Selling Silver Bars: A Step-by-Step Guide If you stack silver bars, you may need to sell some. You want the greatest price and a rapid sale. Five alternatives to sell silver bars: A Coin Dealer in Your Neighborhood Utilizing the services of a local coin dealer is among the quickest methods available for selling your…
Silver and Gold: The Money of Last Resort
Silver and Gold: The Money of Last Resort Currency collapse is far from a new phenomenon in modern or ancient society; however, as currencies have moved toward a fiat standard their lifespan has been significantly shortened. Depending on which source you find, you may find some variance, but consensus seems to lie around 35 years…
What is meant by the term “recession”?
What is meant by the term “recession”? A recession is an economic downturn that lasts months or years. A recession is declared when a nation’s economy faces negative GDP, growing unemployment, dropping retail sales, and shrinking income and manufacturing. Recessions are part of the economic cycle, the regular growth and contraction of an economy….
What Factors Influence the Price of Gold?
What Factors Influence the Price of Gold? Gold’s price is driven by supply, demand, and investor activity. It appears straightforward, but how these components interact is often surprising. Gold is seen as an inflation hedge by many investors. This makes logical, since paper money loses value as more is created but gold is basically stable….
