The President recently signed a budget agreement spanning two years, which will “suspend the debt limit until March 15, 2017.” How to combat the debt ceiling has been a recurring event for the last few years with many different remedies suggested to solve the ongoing issue. However, one suggestion, in particular, has peaked the interest…
A Brief and Wondrous History of the Gold Standard in America
Mark Twain, one of America’s most-renowned authors once wrote: “No occurrence is sole and solitary, but is merely a repetition of a thing which has happened before, and perhaps often.” In other words: history often repeats itself. While some might find this discouraging news, the upside is that history can also be used as a…
Fed Chair Janet Yellen Can’t Make Up Her Mind
Gold futures fell three sessions in a row after Federal Reserve Chairwoman Janet Yellen’s semi-annual testimony last Tuesday, July 15. Overall, Yellen’s comments to the United States Senate were “dovish” in nature, warning against spiking interest rates on the back of sooner-than-expected employment gains. “If the labor market continues to improve more quickly than anticipated…
Where Have the Good Jobs Gone?
The United States economy is in its fourth year of recovery after the Great Recession of the late 2000s. While we aren’t out of the woods yet, financial analysts are taking a look at how far we’ve come and what challenges stand in the way of full economic recovery. So how are we doing? According…
India’s ‘War On Gold’ Ends
The world’s second most populous country has been making headlines in a big way the last couple of weeks. For starters, India just concluded an historic election season earlier this month. With a population of over 1.2 billion people—almost a fifth of the world’s population—and a voter turnout of an estimated 553.8 million people, India’s…
Fracking May Impact Price of Gold
The controversial drilling method for extracting oil from underground layers of shale rock — known as “fracking” — has created a divide in public opinion, while simultaneously growing as a common practice. Naysayers cite the very real danger of underground water contamination because of toxic chemicals, while those in favor of the technique argue it…
