Economy

Jim Rickards: Prepare for Trump win & 2018 financial crisis

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Jim Rickards is known for his big calls, and he’s not holding back ahead of next month’s US Presidential Election, predicting the price of gold could surge should Donald Trump emerge victorious. “Markets are fully priced for Hillary; gold, stocks, everything is priced for a Hillary victory. If she wins, …

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HSBC warns: major stock market crash is imminent

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The technical analysis team at HSBC is warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday’, which saw the largest one-day market crash in history. On October 19, 1987, the Dow Jones Industrial Average which comprises the 30 large US publicly traded companies, lost 22.6 …

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Business Owners: The Pros and Cons of Line of Credit VS Business Loans

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Business owners are bound to find themselves in a cash crunch occasionally even if they are dogged disciples of financial prudency. An accident might foist an emergency need to purchase equipment or inventory on you. You might have accounts receivable that didn’t materialize in good time, you might find an …

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Billionaires move gold into underground bunkers in Swiss Alps

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Seeking to avoid increased tax authorities’ scrutiny and apparently doubting the security of banks, it seems that some billionaires opt to store their assets in gold bullion in underground bunkers hidden deep in the Swiss Alps. The Foreign Account Tax Compliance Act (FATCA), a US federal law, has come into effect, …

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Three ways the banking system is rigged against you

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If there were ever any doubt about how completely rigged the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard of made a stunning announcement that has sweeping implications for anyone …

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Russia to buy 200 tons of gold in 2016

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Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That’s according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank. Navoi explained that it’s profitable for the state to buy the …

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Deutsche Bank is finished, share price almost single digits

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Shares in Germany’s largest bank have hit rock bottom on Monday as Chancellor Angela Merkel reportedly refused to provide Deutsche Bank state aid in its legal battle with the United States Department of Justice (DoJ). Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the …

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