As part of the sanctions against Russia, seven Russian banks have been cut off from SWIFT.
We start by discussing what SWIFT is, and then the implications of completely cutting Russia out of SWIFT.
What is SWIFT and Why Russia is Being Excluded
SWIFT – The Society for Worldwide Interbank Financial Telecommunication is a messaging system that links more than 11,000 banks in 200 countries.
The system doesn’t move actual...
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Tag Archive: gold investing
Monetary Metals Provides Gold Loan to Sector Resources
The loan is denominated in gold with interest and principal paid in gold. Scottsdale, Ariz., June 9, 2020—Monetary Metals® announced today that it has loaned gold to Sector Resources Canada Ltd., a British Columbia based gold mining company. The private transaction was conducted off-market, and the interest rate and terms were not disclosed.
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When Is a Capital Gain Capital Consumption? Market Report, 25 May
The price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let’s do a quick update on the supply and demand fundamentals.
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Gold and Silver Markets Start to Normalize, Report 4 May
The price of gold dropped $29 and the price of silver dropped $0.27. We’ll get back to where we think the prices are likely to go in a bit. In recent Reports, we’ve looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis.
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Useless But Not Worthless, Report 21 Oct 2018
Let’s continue to look at the fiasco in the franc. We say “fiasco”, because anyone in Switzerland who is trying to save for retirement has been put on a treadmill, which is now running backwards at –¾ mph (yes, miles per hour in keeping with our treadmill analogy). Instead of being propelled forward towards their retirement goals by earning interest that compounds, they are losing principal.
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