From October 22 to 24, 2024, BRICS held its annual summit in Kazan, Russia. Among other topics, the group was expected to discuss the potential creation of a currency that could significantly affect the U.S. dollar and the value of gold. To understand how a BRICS gold-backed currency could affect your wallet and the world, … Read more
Gold has long been favored by investors looking for a safe haven from economic uncertainty and a way to diversify their portfolios. Gold exchange-traded funds or Gold-Backed ETFs were created as an alternative way for investors to gain exposure to the precious metal. In this article, we’ll cover the pros and cons of gold-backed ETFs … Read more
Over the last century, the gold market has, on many occasions, reacted to changes in fiscal policy, economic uncertainty, and shifts in international relations – all of which come with new administrations. From FDR’s abandonment of the gold standard in 1933 to the recent arguments over monetary policy and methods of inflation control, each transition … Read more
Inflation Cools After reaching a 40-year high of 9.1% in June 2022, inflation in the U.S. settled at just 2.4% last September as the Fed’s aggressive rate hikes started delivering the desired results. As inflation cools, investors who flocked to safe-haven assets like precious metals over the last few years are reassessing their options. Investors are … Read more
The 1933 Saint-Gaudens Double Eagle is one of the world’s most famous and valuable coins, renowned for its rarity, historical significance, and beauty. Celebrated sculptor Augustus Saint-Gaudens designed the $20 coin at the request of President Theodore Roosevelt, who wanted to beautify U.S. coinage. Roosevelt sought a design that reflected the grandeur and power … Read more
A Seattle man who lost his parents and whose wife and infant son were seriously injured last March by a drunken driver asked a Senate panel on Monday to pass a measure that would make it a felony charge to drive under the influence when the driver has three prior offenses within 10 years. Under … Read more
Insurance companies around the world are promising lower rates on car coverage. The catch is they want to install the equivalent of an airplane’s black box to track how and where you drive. Smartphone applications and devices that record trip and vehicle data are set to infiltrate auto insurance at a rapid pace, bolstered by … Read more
The UK’s financial regulator said insurance companies are not always providing clear information to consumers about whether it is cheaper to pay for coverage upfront or in installments. The Financial Conduct Authority said the industry should take action when required after reviewing 13 insurers and 30 intermediaries. It found a number of cases where insurers … Read more
Allianz Commercial has joined forces with fleet incident management provider FMG, to provide commercial fleet and motor trade customers with the capability to improve driver safety and fleet efficiency. Allianz Commercial is a division of Allianz Insurance, which is based in Guildford, England and is part of Allianz SE Group. The partnership will allow Allianz’s … Read more
Trieste-based Generali Group announced that it has acquired MyDrive Solutions, a UK company that uses data analytics tools to profile driving behavior. MyDrive Solutions, which was founded in 2010, specializes in identifying innovative and tailor-made products for customers as well as favorable premiums for low risk drivers. Generali said the acquisition of London-based MyDrive will … Read more