Central Banks Buy Another 40 Tons Of Gold In May

Central Banks Buy Another 40 Tons Of Gold In May

Central banks added a net of 39.8 tons of gold in May, according to the latest data from the World Gold Council. May purchases maintained the pace we’ve seen through the first four months of the year and was slightly above the four-month average of 35 tons. So far in...

Sweden Tells Its Citizens To Hoard Cash (RTD Quick Take)

Cashless payments are all the rage but people in Sweden have been told to squirrel away notes and coins in case of a cyber attack on the nation’s banks. In this RTD Quick Take, Mike Manwell, shares his thoughts on how citizens in the United States should heed the same...

The United States Is Broke

  Article originally appeared on The Daily Reckoning (here). Those who focus on the U.S. national debt keep wondering how long this debt levitation act can go on. The U.S. debt-to-GDP ratio is at the highest level in history (106%), with the exception of the...