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Inauguration of Gold Coins in Zimbabwe as a Way to Boost Currency Zimbabwe has started selling gold coins to the general population in an effort to contain an inflationary surge that has weakened the nation’s volatile currency. The National Bank of Zimbabwe, the nation’s central bank, announced on Monday and sent 2,000 coins to private…
Category: Gold
Bank of Canada raises interest rate
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…
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….
