News, stories and events about currency from around the world.
U.S. bank stocks are getting dumped like it's 2011. Shares of Bank of America and Morgan Stanley plummeted by 13% apiece in the two days after the shocking Brexit vote. Even though banks and the broader markets are rallying on Tuesday, Goldman Sachs is still down 22% this year. That makes the elite investment bank the worst Dow stock in 2016.
When people think of exchanges to sell their Bitcoin, there are a lot of caveats to take into account. First of all, it can take a while to execute these payments, albeit most services do so within 24 hours. On the other hand, international wire transfers remain very expensive. Bitcoin can’t solve that problem when users want a bank transfer in fiat.
As the world collectively lost its bearings this year (more than usual, anyway), a bizarre notion began to seep into the mainstream’s awareness — that inflation is a bad thing for gold.
Jim Rickards first noticed it in September: “Here’s the logic,” he told us, “as best I can make sense of it. Any hint of inflation might give the Fed a green light to raise rates.
