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Following frenzied speculation leading up to the big day, gold prices soared sky high, as investors rushed to safe havens. As the Wall Street Journal quotes: It was just pandemonium. It was absolutely insane,” said Peter Hug, global trading director at Kitco Metals. “It was unbelievable, almost to the point of being funny.  The onlyRead more

Despite, numerous enlightening contributions by the Austrian school of thought towards ‘mainstream economics,’ it is thought by many as a heterodox approach to economics (lying outside the mainstream). This is possibly due to its repudiation of popular concepts like aggregate macroeconomics, and econometrics. A School of ‘Thought’ in Every Sense Both of the above facts,Read more

Over millennia money has taken a plethora of forms, emerging from primitive exchanges of minerals, and culminating in the digital abstraction we use today. The evolution of currency can largely be divided into three phases. These phases may not have occurred in any particular chronological order, as some civilizations developed faster than others, allowing forRead more

Immediately following the referendum held in the United Kingdom, deciding its position in the EU, social media was resonating with similar secessionist enthusiasm from across the Atlantic. The Texas secede movement, with proponents like President of the Texas Nationalist Movement Danieal Miller took advantage of the post EU referendum hype, by popularizing the ‘Texit’ hashtag.Read more

What is a Zero Interest-Rate Policy? A zero interest-rate policy, ZIRP for short, is a very simple macroeconomic concept that has been used throughout the world for over two decades and in various countries including Japan, the United Kingdom, and the United States with varying results. ZIRP was first used by Japan in the 1990sRead more

The Federal Reserve System, or the Fed, is the central banking system of the United States. After a series of financial panics the Federal Reserve System was created in 1913. Over time the roles and responsibilities of the Fed have expanded and evolved. During the early 2000’s the Fed launched quantitative easing programs named QERead more

Many people who are researching gold ownership as a secure and long-term investment often have two questions – what is the best and cheapest way to buy my gold and where is the safest place to store my gold? While there are many ways to both buy and store gold, some options are safer thanRead more

For the past many years Russia and China have shared a common trend – the accumulation of gold. Russia and China have been the leading official sector gold buyers over the last 15 years, but for the past few months especially the two countries have begun increasing their accumulation of gold. Let’s take a lookRead more

Numismatic coins, which are considered incredibly rare and worth more than their metal content, are no longer produced in modern times. Numismatic coins are held in high esteem by collectors and generally collectors are the only individuals who purchase these coins, classifying these types of coins, especially gold coins, not as investments in the typicalRead more

Negative interest rates are one of many telltale signs that a country is trying to boost its economy. The Bank of Japan and the European Central Bank are just two examples of several other smaller European banks that have ventured into the highly untrodden territory of negative interest rates. What exactly is a negative interestRead more