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Updated 21:02 10/12/18

December Gold News 2017

22 Dec 2017

The US dollar has long been the reserve currency of the world but by virtue of being the leading global currency it is also the leading backer of debts and deficits. With the United States not having a true budget surplus since 1960, and trade deficits in place since 1975, the dollar is in steep decline.

 

The 2008 Financial Crisis:

The 2008 crisis came about from sub-prime (high risk) mortgage lending in the United States and high levels of default on payments. Debts were called in by ...

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20 Dec 2017

Property website Zoopla reported this week that house prices were on average down by over £25,000 nationally, with parts of London seeing asking prices drop anywhere between £50,000 and £150,000.

A slowdown is not uncommon at this time of year, but house prices are dropping at a sharper rate due to rising inflation and low wage growth – with the UK ranked joint lowest for wage growth in Europe – which means finding the funds for a deposit is harder than ever.

With the ...

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12 Dec 2017

Inflation rose to 3.1% in November, the highest in nearly six years. While recent data shows average weekly wages growing at just 2.2%. This continues the squeeze on UK households - the majority seeing a fall in spending power.

The 3.1% rise is above the Bank of England 2% target, despite November’s 0.25% increase in interest rates. Though, it could be argued that without the 0.25% rise today's figures could be worse. Whatever the effects of the interest rate hike, Mark Carney, Governor of the Bank of England, is unlikely to take further action and is ...

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04 Dec 2017

Early Saturday morning the US Senate approved the most sweeping overhaul of US tax in three decades. Trump’s first major legislation eventually passed by the narrowest of margins - 51-49 votes. Republican Senate leader, Mitch McConnell, said, “We think this is a great day for the country.”

Supporters claim the bill delivers the largest tax cuts in US history. McConnell enthused, “People are going to be very, very happy. They’re going to get tremendous, tremendous tax cuts and tax relief, and that’s what this country needs.”

Democratic opponents say the bill will do nothing for those struggling on low incomes ...

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