European investors have been buying gold coins actively against the background of the intensifying financial crisis in Greece. Restriction on cash withdrawals in Greece led to a sharp increase in demand for investment coins in Germany, France and in Greece. Gold continues to consolidate near the level of approximately $1,200
Ukraine will not be able to pay its debts and will soon declare technical default. This would automatically mean that Ukraine will not be able to take part in the work of international markets of capital movement. Members of the Ukrainian private sector will have to take even more effort to restructure their debt
The summit of BRICS countries will take place in the city of Ufa in July. According to the Foreign Ministry of the Russian Federation, the summit will take the association to new heights. The United States is a huge spoke in the wheels of global economy. The Americans do not want to move away from their positions
According to analysts, the markets of precious metals are showing signs of growth due to soft rhetoric from the US Federal Reserve Fund that contributes to the decline of the US dollar rate. The current price of gold is pretty fair. There is a movement in the dollar rate that affects the price of gold as gold is priced in dollars
The following list, 12 items, includes some considerations that confront the classic postulates of the traditional teaching of economics when it comes to little sustained attention to ecological issues. Such arguments call into question the traditional economic thought which advocates that the economy is a system with no interaction with nature.
Against the backdrop of the US national debt, Russia's public debt is like a molehill vs. a mountain. The US financial system and the US currency are still deemed to be reliable for investment. The task of the IMF is to make this or that country implement a policy of transnational corporation - American corporations in the first place
The current economic crisis may evolve into a global catastrophe. The financial system could take a surprising and catastrophic twist that almost nobody imagines. What we use as money today is mostly credit. It exists as zeros and ones in electronic bank accounts. A monetary system like this has never before existed
Energy plays an important role in national economies. There is a constant power struggle and competition amongst the world powers and international energy companies. Owing to its geopolitical position, Turkey plays a key role in most essential projects in the energy sector even though there is no trace of natural gas reserves within its territory
When human capital becomes valued and included in economic policies, the economy then proceeds to make full sense. To modern economists who base their actions on that line of thought, it is announcing loud and clear, what Edmund Phelps, Nobel laureate, says quite rightly: "the good economy is one that satisfies the aspiration to a good life".
China is waiting for the right moment to remove the US dollar from economic reign. Once the US dollar loses its leadership, China plans to make the yuan world's first currency. in order to challenge such a powerful economy as that of the United States, one will need a very large amount of gold.
The price of gold continues to grow at a fantastic rate. Not that long ago its price surpassed all expectations, and today gold is more expensive than platinum. The entire situation with gold can be called a "bubble". However, high prices for this metal have no impact on the global economic situation. No one will sell gold without a good reason
Hunger and malnutrition may kill millions of people in 20 years. The global tragedy is likely to be caused by three interrelated factors: fluctuations of food prices, extreme weather conditions and climate instabilities. The contradiction between the growing human needs and objective limits of resource become more and more serious
The growth of the neoliberalism school in the 1990s, with zealous implementation through variations of Thatcherism, Reaganomics, Rogernomics, and economic rationalism in Australia, has cleared the rich forests of local manufacturing enterprises that once existed in Europe, the US and Australia