“A gold mine is a hole in the ground with a liar standing next to it.” – Mark Twain Investing in mining companies is highly risky. It is not wise to simply invest in them based on reading some financial reports. For startup mining firms everything is based on speculation. Many years ago a Canadian gold miner called Bre-X collapsed …
Some of the Asian economies have grown tremendously in the past few decades. For example, communist China used to be closed third-world country with mostly an agrarian economy. Today the country is one of the largest economies in the world and has become the factory floor for the entire world. With a fast-growing middle-class population and …
Continue reading ‘GDP Per Capita Growth Of Select Asian Countries’ »
In the U.S., the social security check received each month is the most reliable and top source of income for senior citizens in retirement. Despite all the attacks on the social security system, majority of the retired Americans depend on Uncle Sam for their survival. Other sources of income for retired persons include pension from …
Continue reading ‘Sources of Income for Senior Citizens In OECD Countries’ »
The German economy is the fifth largest in the world in terms of purchasing power parity(PPP). With a GDP of about $3.2 Trillion in 2013 based on PPP, it is also the largest economy in Europe.While the economy of the U.S. is consumption-based, Germany’s economy is export-based. Germany is a world leader in industries such as …
Continue reading ‘Why Invest In German Blue-Chip Companies’ »
Global commodity prices have been on a steady decline mode for the past few years. More recently, Crude Oil has plunged heavily just in the past few months. Today WTI crude for January delivery rose slightly and closed at $67.97 on the NYMEX. The following charts the decline and fall of some commodity prices: Click to enlarge …
Continue reading ‘The Periodic Table of Commodity Returns 2004 To 2013’ »