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World's most precious metal Rhodium is now 5 times more costly than Gold
The extremely rare, silvery-colored metal rhodium has extended its multi year growth, surging 32 percent so far this month and touching the highest mark since 2008.
The metal which is mainly used in autocatalysts for cars has risen 225 percent year on year. It has rallied 12-fold in the past four years, far outperforming all major commodities, on rising demand from the car sector.
“Rhodium is subject...
Why does USA need panic on gold market?
Why investors are sometimes misled? Perhaps, the goal is to further scare and disorient the investment funds and individuals so that they quickly get rid of their gold (and earlier – silver) because the gold has allegedly lost its former appeal and reliability, and stock quotes have sharply declined.
Likely, someone needed them to fall. Where else if not at the George Soros exchange various...
Billions lost as precious metal plummets
Billionaire John Paulson lost almost $1 billion as gold posted its steepest decline in 30 years hitting $1,361 per ounce. The precious metal is no longer seen as a safe-haven asset.
Those who decided that it was too early to dump gold for good, lost a lot in the past few days. Billionaire John Paulson lost almost $1 billion of his personal wealth in the past two days as gold price fell to its lowest...
More than 12 US States propose laws to make Gold and Silver legal currency
U.S. politicians are rapidly losing faith in the dollar, with more than a dozen states proposing legislation to legalise gold and silver as a currency.
Politicians in Colorado concerned about the nation’s financial stability are the latest to push a bill to legalise gold and silver coins as usable currency.
But from a consumer angle the conservative bill would not lead to people carrying gold...