Economy

Bitcoin is now bigger than Bayer, Goldman Sachs & Nike

Bitcoin market cap Goldman Sachs

The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum. Its market capitalization is approaching $97 billion. If bitcoin were a company, its market cap puts it in the same league as …

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How Puerto Rico can rebuild and become a powerhouse economy

How Puerto Rico can rebuild economy

After a particularly devastating hurricane season, Puerto Rico has an uncertain future. Already mismanaged and saddled with debt, the island territory now faces the virtually insurmountable task of rebuilding its infrastructure and economy. But amidst the rubble and heartache lies one of the greatest opportunities in the modern era not …

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China claims gold reserves at end of 2016 a massive 12,100 tonnes

Chinese gold reserves 2016

China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association. China has been the world’s biggest gold producer for 10 years and the largest consumer of the metal for four years, it …

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Venezuela ditches the US dollar and prices its oil in Chinese yuan

Venezuela US dollar oil price Chinese yuan

President of Venezuela, Nicolas Maduro, has made good on his promise to forsake the US dollar and publish their oil prices in yuan, which is the currency of China. This highly controversial move is likened to Venezuela giving the US “the middle finger”. Former Venezuelan leader, Hugo Chavez has threatened …

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Credit Card Tips You Might Have Overlooked

When it comes to credit cards, most everyone knows the basics. Keep your balance well within your limits, use your card in conjunction with your budget, plan for the big stuff—they’re all common sense credit card rules that come as second nature to most anyone with a credit history. There …

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US will lose the trade war with China – Jim Rogers

US trade war China investor Jim Rogers

If the Trump administration puts sanctions on China, this would hurt America more because it just forces China and Russia and other countries to cooperate, says investor and financial commentator Jim Rogers. US Treasury Secretary Steven Mnuchin warned on Tuesday that the US could impose economic sanctions on China if …

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