James Grant, Wall Street expert and editor of the renowned investment newsletter «Grant’s Interest Rate Observer», warns of the unseen consequences of super low interest rate and questions the extraordinary actions of the Swiss National Bank. Nearly ten years after the financial crisis, extraordinary monetary policy has become the norm. The financial markets seem to like it: Stocks are c... read more

The Federal Reserve later on Wednesday is widely expected to announce a third and final interest-rate hike of the year. Its statement, out at 2 p.m. ET, is expected to show that the Federal Open Market Committee decided to raise the federal funds rate by 25 basis points to a range of 1.50% to 1.75%. "There have been two significant developments since the last set of FOMC forecasts were re... read more

Currencies will soon coexist on a more ‘equal footing’ in international markets, and the US dollar will be forced to share prominence with the Chinese yuan and the EU’s euro, according to global currency systems expert Barry Eichengreen. In his book How Global Currencies Work: Past, Present, and Future, he wrote that reserve currences can and do coexist. The book, co-authored by Europ... read more

The BRICS counties are considering starting an internal gold trading platform, according to Russian officials. When this happens, the global economy will be significantly reshaped, and the West will lose its dominance, predicts a precious metals expert. In 2016, 24,338 tons of physical gold were traded, which was 43 percent more than in 2015, according to Claudio Grass, of Precious Metal... read more

As we kickoff trading in the month of December, today a legend in the business sent King World News a powerful piece stating that a fiscal hurricane will send the price of gold soaring nearly $1,000. Gold: A Lump of Coal? After a decade of monetary laxity, money and even bitcoins, fiat currencies have become a market commodity like tulips during the 1687 Dutch mania. Bitcoin has become an... read more

101 Best Gold Quotes of All Time Throughout history, people have not only admired and accumulated gold, but talked about it. Virtually every notable figure from history you can think of—philosopher, poet, politician, economist, humorist—has had something to say on the subject. This running commentary has become part of our collective consciousness.  What follows isn’t remotely an e... read more

On Tuesday, the Senate Budget Committee approved the Senate Republican Tax Plan, clearing the way for the bill's consideration later this week. The bill would cut the corporate tax rate from 35 percent to 20 percent, but many Americans remain unsure about how the tax plan will impact them personally. One reason for the ambiguity is that the Senate tax plan has several major differences fr... read more

I’ve often compared the causes of financial crises to snowflakes that can trigger an avalanche. A massive amount of snow can accumulate before that one final snowflake comes along to start the chain reaction. The climbers and skiers at risk can never know when an avalanche will start or which snowflake will cause it. But it helps to know what to look for. Let’s look at three of the most l... read more

Russia’s Central Bank Deputy Governor Mr. Shvetsov decided that the day after Thanksgiving might be a nice day to announce the continuing long-term policy of consistently growing the gold share in the national reserves. As far as the Russian Central Bank is concerned, no wishy-washing, no Bretton-Woodsing the issue: Gold is currency, period. Between January and this November, the value... read more

Federal Reserve officials expressed largely optimistic views of economic growth at their most recent meeting but also started to worry that financial market prices are getting out of hand and posing a danger to the economy. Minutes from the Oct. 31-Nov. 1 Federal Open Market Committee meeting indicate members with almost universally positive views on growth — the labor market, consumer spend... read more