Bail-Ins Coming To Italy? World's Oldest Bank "Survival Rests On Savers"
The world's oldest bank and Italy’s third biggest bank, Monte dei Paschi di Siena (MPS), is making a last-ditch emergency attempt as the year ends to convince tens of thousands of ordinary Italian savers to help it escape state hands.
Source: Wikimedia.org
Market Updates This Week
Fed Raised Rates 0.25% – Rising Rates Positive For Gold
As the great orator George Bush Junior once attempted to say:“Fool me once, shame on you; fool me twice, shame on me…”Read More Here
Mark Mobius: Shariah Gold Standard Is “Revolutionary”
[image]https://www.goldcore.com/ie/wp-content/uploads/sites/19/2016/12/mobius_gold.jpg[/image]
Fed Increases Rates 0.25% - Rising Interest Rates Positive For Gold
The Federal Reserve increased interest rates by 0.25% as expected yesterday leading to gold falling to lows last seen in February 2016 and the dollar rising to its highest level against the euro in 14 years.
Shariah Gold Standard Is "Revolutionary" Says Mark Mobius
One of the world's leading investors, Mark Mobius told a gold conference in Dubai that the new 'Shariah Gold Standard' is both "innovative and revolutionary" and importantly will bring "transparency" to the physical gold market which suffers from a lack of trust.
Source: Bloomberg
Silver Bullion Manipulation By Banks Proven In Traders Chats