Russia is hoarding gold. The country has bought around 230 tonnes of gold since the start of 2018.
What's more - back in the year 2000 Russia held 830 tonnes of gold - its gold reserves now total more than 2,119 tonnes!
Russian central bank gold reserves are soaring
In fact, there are reports that the Central Bank of Russia is studying a proposal to create a gold-b... ››› more
So far we've already made two big predictions on Gold and the South African rand and where your money should be.
Today I'm going to let you in on my 3rd prediction for the year – The Euro (EUR/USD).
It seems like Europe is out of the limelight when it comes to the debt crisis with the PIGS (Portugal, Italy, Greece an... ››› more
What you're about to read will shock you…
1999 - The Euro came into existence in January which was the goal of the European Union and its predecessors since the 1960s.
Initially there was a negative reaction as the Euro fell below parity (1:1) with the US Dollar for the first time.
After, the dust settled and the EU was finding its feet with regulations, treaties and legislations, the E... ››› more
The rand is managing to hold onto gains made this week, but continued load shedding has the potential to send the currency weaker.
Investors are also looking to events unfolding in the Eurozone and the impact they could have on the global economy.
Let's take a closer look at what's going on…
The rand could come under pressure if there are indications of a global slowdown
The rand ... ››› more
After much anticipation, the European Central Bank finally announced its plans to inject billions of euros into its floundering economy.
The Eurozone's economy hasn't recovered since the financial crisis in 2008. The ECB also decided to keep interest rates at a mere 0.5%.
Let's take a closer look…
The ECB keeps rates on hold
Today, the European Central Bank (ECB) announced that it... ››› more
The rand is holding its ground as markets around the world wait to hear the outcome of the European Central Bank's meeting.
Analysts expect the bank to announce a massive quantitative easing programme. But the news will only come out later today.
So if the European Central Bank launches a new stimulus programme, what effect will it have on the rand?
Let's take a closer look…
The r... ››› more
After gaining some ground on Friday, the rand weakened slightly against the dollar this morning.
But today starts off a week full of local and international data releases. These could have a large bearing on the local currency.
Let's take a closer look at what's going on…
The rand comes under pressure
After benefitting at the end of last week from the Swiss’ decision to scrap it... ››› more
Lately, the rand has been on a roller coaster ride. Last week, the local currency weakened to touch six-year lows.
As the markets get quieter as many traders take the festive period off, the rand is more vulnerable to weakness.
One positive on the rand's side is after the rouble's plunge last week, the Russian currency is on a steadier footings. This has helped emerging market currencies.
... ››› more
After an abysmal couple of weeks, the rand managed to strengthen slightly this morning.
The local currency has been trending lower as the dollar has been gaining ground. A worse than anticipated trade deficit sent the rand reeling earlier on in the week.
Let's take a closer look at why the rand is looking a bit stronger…
The rand has bounced back against the greenback
The rand exp... ››› more
Deflation is something that governments and central banks fear.
The head of the European Central Bank, Mario Draghi, is now embarking on a fight against deflation.
At the beginning of the month, he announced a cut to interest rates and a programme to weaken the euro to help stimulate the economy. The idea is that this will wipe out deflation and get prices rising again.
If Mr Draghi is ... ››› more
Today, the European Central Bank (ECB) announced its decision to cut interest rates. This takes the rate down to a new record low.
The central bank also announced its new stimulus programme set to kick off next month.
The ECB is taking steps to ward off deflation as the European economy stagnates.
Let's take a closer look at what this means…
The ECB cuts rates to 0.05%
The ECB su... ››› more
Yesterday morning, stocks on the local bourse waited for some direction, before the release of economic growth figures for the second quarter.
After worries about a recession, growth was positive.
Later in the day, speculation that the European Central Bank would provide more stimulus led the Johannesburg Stock Exchange and markets round the world higher.
Let's take a closer look at what... ››› more
The global banking world can be an intimidating and confusing place. I mean when analysts start talking about quantitative easing, carry trade, sovereign debt and budget deficits, most people just hear blah blah blah…
That's why today I thought I'd share with you the ideas of two Morgan Stanley analysts who've managed to simplify the world of global finance using a cycling race.
That's rig... ››› more
Last week, the European Central Bank Chief, Mario Draghi took measures to jumpstart the European economy.
He announced that the European Central Bank (ECB) would actually charge banks to deposit money with it. And it's reduced its lending rate to a new record low of just 0.15%.
His reasoning for all this?
He wants to get the banks to lend more money and encourage people in Europe to spend m... ››› more
If you've bought gold jewellery or a Kruger rand or two, have you thought about where the gold came from? There are essentially two main suppliers of gold in the world. And with gold becoming a much sought after commodity, there are also companies out there now that will buy your gold from you in practically any form. These companies then sell this gold on. Let's take a closer look at the world's ... ››› more
After last week's decent performance, the rand is under pressure once again. This follows the rand hitting three month highs last week. As tensions grow in the Ukraine, investors are turning away from riskier assets like the rand. Let's take a closer look at why the rand is struggling again…
URGENT: Next trade imminent!
On 24th March 2... ››› more
After staging a decent rally over the last couple of weeks, the rand is under pressure. On the domestic front, there are concerns over the ten-week long strike in the platinum sector. Looking further afield, the European Central Bank announces the outcome of its meeting on interest rates today. And tomorrow, the US releases its non-farm payroll data, a key indicator of its economic health. Let's t... ››› more
The growing popularity of Bitcoin has certainly brought the use of virtual currencies into the public realm. Even the former chairman of the US Federal Reserve, Ben Bernanke, said that Bitcoin “may hold long-term promise”. Acceptance of using Bitcoin for payments is still in its infancy, but it's growing in spite of some governments trying to block its use. But could a better virtual currency ... ››› more
The world's two fastest-growing economies came down hard on Bitcoin in recent weeks. Dips followed, but ultimately the virtual currency began to slough off the news and continued to gravitate toward a loose, but tightening, trading range. Read on to find out how Bitcoin is shrugging off any intervention that stands in its way…
Less than three years ago, few but a small cadre of hard-core tech ... ››› more
Just about everything that has to do with the digital currency Bitcoin is at least a little odd. But there are some Bitcoin facts that are truly bizarre - things that could only happen in the universe of Bitcoin. Read on to uncover three odd Bitcoin facts…
Bitcoin exists entirely in cyberspace, David Zeiler in Money Morning US explains...
It has attracted a lot of attention in recent months... ››› more
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