Personal Finance

Central Banks Low Interest Rates & Prosperity

Posted by Michael Campbell - Money Talks

on Thursday, 8 August 2013 18:09

imagesMichael focuses on Central Banks and their ability to create economic growth and jobs.   

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22 Insights From The Most Successful Investors In History

Posted by Business Insider

on Thursday, 8 August 2013 16:20

george-soros-good-investing-is-boringWhat are investors to do as stocks sit near their 5-year highs?

There are plenty of pundits out there that’ll give you tons of reasons to buy or sell.

But perhaps now is the perfect time to step back and consider the sage advice of history’s most successful investors.

We’ve collected some of the finest wisdom on markets from the most respected and successful investors, past and present.  

Click here for the best advice from the world’s greatest investors > »
 
Ed Note: Wait for it to load then use the arrows to advance to the next insight. 

 

Gold Advances Most in Two Weeks as Dollar Decline Spurs Demand

Posted by Charles Gunning

on Thursday, 8 August 2013 15:57

Gold advanced the most in two weeks as the dollar dropped for the fifth straight session, increasing demand for the precious metal as an alternative investment.

The Bloomberg Dollar Index, a gauge against 10 major trading partners, fell as much as 0.5 percent, heading for the longest slide since April. Exports rebounded in China, signaling improving economic growth in the world’s biggest bullion buyer after India.

“The continued weakness in dollar is making gold look attractive,” Frank Lesh, a trader at FuturePath Trading in Chicago, said in a telephone interview. “Also, there is some buying in anticipation of a rise in retail Chinese demand as the economy improves.”
 
Comex gold futures have increased overnight gains to trade solidly higher and push back above the key $1,300.00 level in late-morning dealings Thursday to over $1310 on the Comex December contract. Heavy short covering following the recent selling pressure is featured, along with some bargain-hunting buying interest. The weaker U.S. dollar index that hit a six-week low Thursday is also helping to boost the gold market. 

Hype over the Hyperloop accelerates as Elon Musk’s ‘big reveal’ nears on August 12th. 

….read more about this remarkable man in these articles:

To the Moon & Back With Living Legend Elon Musk

Hype over Hyperloop as Big Reveal Nears

About SpaceX (Musk’s SpaceX has 3000 employees and just finished successfully launchng a Rocket that flew to 1066 ft, hovered then landed smoothly back on Earth)

 

 

 

 

 

Million Dollar Homes Selling at Triple the Pace

Posted by Bloomberg

on Thursday, 8 August 2013 14:31

Million Dollar Homes

Home sales from Los Angeles to Charleston, South Carolina that are priced at more than $1 million are gaining at triple the pace of the broader market, according to real estate research firm DataQuick Inc. Wealthy purchasers, helped by gains in equities, are diving into real estate a year after a recovery began in the housing market when less well-heeled buyers rushed to take advantage of record-low interest rates, said Susan Wachter, a professor of real estate and finance at the University of Pennsylvania’s Wharton School in Pennsylvania.

….read more HERE

 

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