India’s Currency Crisis

How To Use Metals In A Crisis

Right now in India, there is a currency crisis going on. India is not a rich country. India is, however, a very populated country. There are over 1 billion people living in India. This fact alone makes India’s currency crisis enormous. Many of these people do not have bank accounts. The majority of people in India use cash (the rupee) to make day-to-day purchases. They also use large rupee notes to save in their own currency. Because India is a … Read More »

China dilutes the dollar in their trade-weighted basket.

Lynette Zang

Hello everybody its Lynette the chief market analyst here at itm trading and i know i did one of these yesterday but today some very important news came across my desk so we’re doing another one and that is that China dilute the dollar in there trade-weighted basket. it’s actually even more than that they have a basket of currencies like every country does so not only have they reduced the prominence in the basket of the US dollar but … Read More »

Venezuelan Crisis Update

Venezuelan Crisis Update

Venezuela and it’s currency, the bolivar, have been in trouble for quite some time now. ITM Trading’s chief market analyst Lynette Zang covered hyperinflation and Venezuela in a webinar available here. I have previously written a couple of short articles available here and here that will quickly explain why Venezuela is in the state of currency collapse that it currently is. There is a whole world besides Venezuela, however, so it had been a little while since I checked up … Read More »

Currency Risk Is Real

India's Currency Crisis

We don’t really think about a currency crisis on a day to day basis, but currency risk is very real. In fact, one of the reasons your wallet or purse may be full of plastic cards is because you are trying to avoid perhaps the most common currency risk; physical loss. Have you ever misplaced a few hundred dollars? You know that if you don’t find the cash, you are out the value of the cash you can’t find. You also … Read More »

Venezuelan Currency Crisis

Venezuelan Currency Crisis

The Venezuelan currency crisis is continuing. Venezuela is located on the northern coast of South America. Venezuela is bordered by Colombia, Guyana, and Brazil. Roughly 31 million people inhabit the 352,000+ square miles that make up this federal republic. Venezuela is also oil-rich. Venezuela has a somewhat unique economic situation. The government controls almost all of the natural resources in the country, including the oil. The Venezuelan government is supposed to use the profits from the sale of these natural … Read More »

Investing in Gold? Gold Is Like A Financial Possum

financial possum

A possum is a marsupial. Marsupials are rather unusual because they just tend to do things differently. So differently, in fact, marsupials are their own special infraclass of mammals, but more on that in a little bit. Possums are unique unto themselves, even within the exclusive order of marsupials.These very unique and special qualities that set possums apart from other marsupials allow us to draw an analogy between gold and a financial possum. Now, back to marsupials in general and … Read More »

Diamonds Vs. Gold As A Currency

Are diamonds a currency? Some investors would have you believe that diamonds are money. Diamonds may be a store of wealth, or they may not be. You may want to read this article and this article and then decide for yourself if diamonds are a safe store of value. This article, however, will discuss diamonds vs. gold as a currency. Diamonds Vs. Gold : Portability. Money must be portable. Diamonds are portable. There is no doubt about that. Diamonds are … Read More »

Interested In Gold, But Unsure.

Iraqi Dinar vs Gold: The Rematch

Invest in Gold? A while ago the president and founder of ITM Trading, Craig Griffin, had a chance to interview Jim Rickards, author of Currency Wars and The Death of Money. Jim has a high powered mind that is often tapped by governments and corporations for his thoughts and ability to suss out complex financial and currency situations. If you do not know who Jim Rickards is, you owe it to yourself and your nest egg to do a bit … Read More »