As Greece officially defaults on their previous loan terms, the IMF have concluded in order to sustain Greece until 2018, a total of 50 billion euro would need to be provided. The only other alternative would be a short term loan of 29 billion which is estimated to last Greece through to October 2016.
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Terminology to understand before you buy physical precious metals
Precious metals are easy to buy, but there are a few terms to understand to really know what you are doing. Most buyers have no idea about these terms and they go straight ahead to buy what they want, while forgetting that buying bullion is actually a need, that need is to preserve wealth and attain precious metals as close to the global market price as possible
Gold Recovery and China-PBOC’s Trouble
The economy at an international scale has a stubborn flu. The European Union and Greece situation, denominated by the media as the “Grexit”, is impacting on all the markets and making falling almost all indexes. Even the strong and disciplined Asian potencies are being affected in a way or another. We can see precious metals having weeks of constant sinking and nobody do something about it. Maybe India can be responsible for the recovery of gold, silver and jewellery markets.
Gold is losing the race against the Dollar
These are not good days for gold prices. Too many important and relevant events eclipsing the precious metal market are going on. From America to Greece, there is big news in the economic matter. At every side, gold prices are getting hit and the fall continues.
