Diamond News Archives
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DAVOS, Switzerland — There are more than 100 recognized currencies in the world, but that could fall to five or six in the next 20 years, the Brazilian economy minister said at the World Economic Forum (WEF) Thursday.
European countries introduced 20 years ago a common currency, allowing, for example, people from France to travel to Germany without the need to change their cash. This could be replicated in other parts of the world in the future, provided they align themselves politically or economically, Paulo Guedes, economy minister of Brazil, said at a panel.
"If you consider the political dimension and the economic dimension, we would have five, six currencies 20 years, 30 years from now," he said.
At the moment, the U.S. dollar is seen as a safe currency asset — meaning that its value grows at times of crisis. Various countries have chosen to peg their currencies to the U.S. dollar for stability and trade reasons. However, in times of instability for the U.S. dollar, the peg could hurt those countries. Developing common currencies across different countries could help these economies reducing their dependence on the U.S. dollar.
"There would be one continental currency, the euro, another 'continental currency' the dollar-dominance-area and China would have their currency – there are 200 million oversees Chinese, these people live in the Philippines, they live in Malaysia and they trade with China, they go back and forth all the time and they are trading renminbi's and they will not keep liquidating their grants and debts using dollars," Guedes said supporting his idea of a fewer yet stronger currencies around the world.
However, speaking at the same panel, the IMF's chief economist Gita Gopinath said this was a scenario of "pretty low...
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US Leading Economic Indicators Plunge At Worst Rate Since 2009 | Zero Hedge- Category: News Archives
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(Press Release) - Over the last several years the HB Company principals have worked solely on the ambition to transform the diamond supply chain, creating a new transparent ecosystem, reconnecting the consumer with the rare beauty of the rough stone.
The company announces a ground-breaking collaboration with Louis Vuitton and Lucara Diamond Corp, to manufacture the historic, record setting, 1758 carat Sewelô diamond recovered from the Karowe Diamond Mine in Botswana in April 2019.
Named Sewelo, (meaning 'rare find'), the stone, covered with a thin layer of black carbon locking away its potential, is the largest ever diamond recovered in Botswana.
The HB Company uses Nanotechnology, coupled with the leading savoir faire in Antwerp, a city with an important historical connection with the diamond trade, to unlock the secrets of the stone. This process will allow Louis Vuitton to design the collection without the stone being damaged. It will then be cut and polished by the HB Company and should be made into a collection of individual, made to order Louis Vuitton diamonds.
Speaking about the partnership, Oded Mansori, a principal at HB Company said: "the stone is the perfect illustration of a new eco-system for a vertically integrated and transparent diamond supply chain. The Sewelo offers us the opportunity to showcase our knowhow - we can revolutionise the way we work using our AI technology to map the complexities of the stone allowing it to be made to order with bespoke commissions. Not a single cut will be made until the design has been created."...
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"It Just Keeps Getting Crazier" - Options Speculation Reaches Record High | Zero Hedge- Category: News Archives
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Mike Maloney plans on adding some select mining stocks to his portfolio soon. Until now Mike’s only related investments have been almost entirely physical gold and silver bullion, held in our storage accounts with BRINKS. The only other investments Mike has made during this precious metals bull run are some small ‘gambling’ positions in cryptocurrencies, and personal real estate acquisitions.
Watch the new video and find out why Mike thinks the time for mining stocks may be here right now, and how he plans to participate.
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