russia

You may ask: - Is this a good time to buy gold? - Or, is this a good time to sell gold? - How do I assess the gold market today? For a start, I believe we must understand the relationship between demand, supply and prices of gold. They are interrelated. For instance, high demand and low supply of gold...

The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media. Paul and Sigurdson...

The question is subtly Malthusian in nature: how to deal with the world’s teeming billions in one fell swoop while maintaining the existing social and political orders in all of the countries?  That order needs only to have one facade now: as Draconian an order that can be accomplished without throwing the world into a revolution against every government in existence.  The Draconian nature...

Two weeks ago, in our latest comparison of Bitcoin and its up and coming competitor, Ethereum, we said "step aside bitcoin, there is a new blockchain kid in town." Actually, we said that for the first time back in February when Ethereum was still trading in the low teens (the return on ETH since then is roughly 3000%), but the most recent glance provided...

TOKYO (May 17): U.S. share futures and the dollar slipped in early Asian trade on Wednesday after reports that President Donald Trump asked then-FBI Director James Comey to end a probe into his former security adviser. The reports raised questions about whether charges of obstruction of justice could be laid against Trump, weakening confidence in the U.S. president's ability to...

The Brent physical oil market is flashing signs of weakness again as dwindling Asian purchases, an influx of American crude to Europe, and supplies flowing out of storage all combine to recreate a glut in the North Sea. The weakness comes at a time when speculators have started rebuilding bullish positions after a sell-off last month, betting the market will tighten...

Sberbank says direct gold trade between the two BRICS members would be immensely beneficial to both countries. Sberbank is looking to finance the direct import of gold to India, according to Aleksei Kechko, Managing Director of Sberbank's Indian subsidiary. Sberbank is Russia's largest, state-owned bank. The announcement comes as no surprise to those who have been following the gold-buying spree by BRICS members...

As we noted last night, Venezuela's state-owned oil company PDVSA made principal and interest payments of $2.2 billion today, avoiding default yet again despite what Vice President Tareck El Aissami called a "ruthless economic war" being waged against the Maduro government. That's the good news, the bad news is that PDVSA has $62 billion more in principal and interest due over the next few...

As relations with the West continue to deteriorate — and the potential for crushing sanctions remains tangible — President Vladimir Putin has begun preparing to release Russia from the crushing grip of the international banking system completely, by moving to a nationalist model based and conducting transactions with allies in gold. In short, Russia has plans to abandon central banks and...