Category: History and Economics
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What Happened to Gold in 1980?
Reading Time: 2 minutes Throughout the late 70s, gold went on a bull run that was even more dramatic than the current bull market — only it ended suddenly and abruptly in 1980 — destroying the investments and life savings of those who believed “this time was different” and that gold was the only investment…
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Metal detector enthusiast found a $312,000 gold coin in Florida.
Reading Time: < 1 minute Merkelov shared the exhilarating discovery on TikTok, capturing the moment when the glittering 1852 gold dollar coin emerged from a pile of dirt. Overwhelmed with emotion, he remarked, “I’m trying not to cry,” as his trembling hands revealed the remarkable condition of the coin, featuring Lady Liberty on the obverse…
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The 1933 Double Eagle seizure Challenging the Notion of “Monetization”.
Reading Time: 5 minutes Introduction: The saga surrounding the 1933 double eagles, often hailed as one of the most intriguing chapters in numismatic history, has left enthusiasts and experts questioning the legitimacy of the government’s claims. This article delves into the complexities of the alleged “theft” of these iconic coins, challenging the government’s narrative and…
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US Economy Surprises with 3.3% Fourth Quarter Growth, Defying Expectations
Reading Time: < 1 minute In a surprising turn of events, the US economy exceeded expectations by growing at an annualized pace of 3.3% in the fourth quarter, according to the Bureau of Economic Analysis. This surpassed the consensus forecast of 2% by economists surveyed by Bloomberg. Despite concerns about a slowdown, the GDP release…
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Potential Impact on U.S. Banks: Analyzing Risks Amidst the Conclusion of the Bank Term Funding Program.
Reading Time: 4 minutes The Bank Term Funding Program (BTFP) is scheduled to conclude on March 11, 2024. Instituted in response to the setbacks faced by Silicon Valley Bank and Signature Bank, this initiative extended loans to depository institutions. As the program nears its end, adjustments have been made to the interest rate on new…
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Analyzing the Impact of Various Factors on Gold Prices: A Focus on Housing, Stock, and Consumer Prices in the Malaysian Context
Reading Time: 2 minutes In summary, the study concludes that housing prices are the most influential factor affecting the price of gold, while stock prices, particularly in the Malaysian context, do not significantly impact gold prices. Additionally, the analysis highlights the historical role of gold as a safe haven during stock market downturns, but acknowledges…