Diamond News Archives
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The stronger dollar is adding some pressure on the metals, said Daniel Pavilions, senior market strategist at RJO Futures. “U.S. Treasury yields are giving gold a little bit of cover, and we’re seeing a higher probability of inflation without rising interest rates,” Pavilonis said.
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Palantir Technologies Inc. said it’s preparing for another “black swan event” by stockpiling gold bars and inviting customers to pay for its data analysis software in gold.The company spent $50.7 million this month on gold, part of an unusual investment strategy that also includes startups, blank-check companies and possibly Bitcoin...
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Global supply chain logjams and global credit/financial crises aren't bugs, they're intrinsic features of Neoliberalism's fully financialized global economy.
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A hoard of coins stashed in the reign of Charles I during the English Civil War has been declared treasure. Suffolk Coroner's Court heard the hoard of 1,069 silver post-medieval coins was found during metal-detecting on land near Lindsey, Suffolk, in July 2020. It included coins of all rulers from King Edward VI to King Charles I.
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This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies.
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