Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim…
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UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are…
Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status
Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that…
Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles
Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current…
Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced…
JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead
JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the…
Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts Rates
Rich Dad Poor Dad author Robert Kiyosaki believes that bitcoin’s price is “about to explode” as the Federal Reserve cuts interest rates. He predicted that as interest rates drop, investors…
Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’
Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar.…
Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps),…
Peter Schiff: Fed Is About to Make Major Policy Mistake That Will Crush US Dollar, Reignite Inflation
Economist and gold advocate Peter Schiff has issued a strong warning that the Federal Reserve is on the verge of repeating its past policy errors. He explained that the Fed’s…
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