Forbes magazine published an interesting take on how inflation could push Gold and Platinum higher. As Senior Contributor Clam Chambers wrote, the old joke goes “when you are in a hole, stop digging.” This is not a luxury for the U.S. or Europe when it comes to piling up national debts or printing money. It isn’t an option for the world economy either.
Three of the most valuable metals in the world are so rare that they could become a factor in the difference between global technological dominance and military superiority on one hand, and the loss of superpower status on the other.
High-flying video conferencing service Zoom overtook ExxonMobil’s market valuation last year. Zoom sported a market valuation of $139 billion, compared to Exxon’s $138.9 billion.
The Brink's Company is an American company that provides secure logistics and cash management services. It's headquartered outside Richmond, Virginia. It’s one of the biggest in the world. They are so big that they buy other big companies.
Like any other limited natural resource, there is a finite supply of gold in the world. At some point, the world’s supply of new gold will run out. The only question is how far away that day is.
Steve Forbes of Forbes magazine argued that thate Excessive monetary stimulus, a by-product of an “undisciplined” fiat money system, will create problems for our economy as well as financial distortions.
A fleet of six Scout robots began their working life by delivering packages to Amazon Prime customers in the Snohomish County of Washington, in early 2019. The robots continued to operate through the coronavirus pandemic. From late-July, Amazon expanded its Scout trials to Atlanta, Georgia and Franklin, Tennessee.
We’ve talked about how desperate the world is becoming for gold. Gone are the days when gold is just for jewelry. Gold is now used to cure cancer and other diseases. It is used for the covid19 vaccine. It is used to produce oxygen on Mars and many others.
2020 was one of the best years on record for gold, as investors piled into the safe-haven asset amid geopolitical and economic uncertainty. The precious metal even hit a record high of $2,075 on August 7, 2021.
I see a trend in the general financial services industry - which is trickling down into the gold space – and this is the trend towards smallness. By this, I mean fractional ownership.