Tuesday , 18 June 2019


Finance

Details of U.S. Gold Reserves Policy (and links to those of 7 other countries)

The U.S. gold reserves create intrigue and controversy due to their claimed size, and also because the U.S. gold stocks have never been physically audited and verified by a entity independent of the U.S. Government. [This article highlights what little is known about the U.S. Government's policy and provides links to articles on the policies of Germany, Italy, Netherlands, Switzerland, France, Russia & Austria.

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The Changing Ways Americans Spend Their Money – Surprising

Consumers are the foundation of the U.S. economy and today's chart plots data (reflecting median spending, and adjusted for inflation) from the Bureau of Labor Statistics (BLS) for 12 different consumer categories over a period of nearly 75 years to show the changing way in which Americans spend their money.

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New Shariah Gold Standard Now Gives 1.6 Billion Muslims Greater Access to the Gold Market

There has been a need for clarification for how gold bullion can be used for investment purposes by Muslims for a long time and this uncertainty has kept Shariah-compliant offerings at a minimum, and many investors restricted by the type of gold bullion transactions they are able to partake in, with most focused on jewellery and coin offerings. The introduction of the Shariah Gold Standard now gives as many as 1.6 billion Muslims in the world, 25 per cent of the population, far greater access to the gold market than they have had since the birth of modern finance.

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