Explanations of "Gold" investment-related terms A to Z
Janet Yellen was born on the 13th of August , 1946 in New York City. She received her Ph.D. in economics from Yale University in 1971. She wrote her dissertation under the supervision of Nobel laureates James Tobin and Joseph Stiglitz – and she married George Akerlof, another Nobel laureate in economics. She worked in academia for many years, but later started her public service. In 1997-1999, she served as Chair of President Bill Clinton’s Council of Economic Advisers. From 2004 until 2010, Yellen was the President of the San Francisco Fed. In 2010, she became a vice-chair of the Fed, and in 2014 she replaced Ben Bernanke as Chair. She maintained the position until 2018, when Jerome Powell took her place.More
Jerome Powell was born on February 4, 1953 in Washington, D.C. He does not have a PhD in economics – instead, he earned a Juris Doctor degree from Georgetown University Law Center in 1979. Under President George H. W. Bush, he worked as Undersecretary of the Treasury. He also has rich experience in the private sector – for example, in 1997-2005, he was a partner at the Carlyle Group, a New York-based private equity firm.
He is a current Federal Reserve Governor – he took office on May 25, 2012, to fill the unexpired term of Frederic Mishkin. In 2014, he was nominated for another term ending January 31, 2028.
On November 2, President Donald Trump nominated Powell to be the next Fed Chair. He took office on February 5, 2018, replacing Janet Yellen in that position.More
What does someone do when he or she loses a job? The range of options is quite wide. Some people get drunk and curse the boss, other need to talk with a life companion of family. The smart reaction is, of course, to look for a new job, but if there are no vacancies at the moment, an option worth considering is to apply for the unemployment benefit.More
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
In the long run we are all dead. Well, unless we find the elixir of immortality, this is true. And this is certainly true for John Maynard Keynes who has been dead for many years. He was born in 1883 in Cambridge, England and died in 1946 near Firle, Sussex. He graduated from Cambridge (receiving B.A. in 1905 and an M.A. in 1909) and joined the British civil service soon after. During the World War I, he served in the Treasury. He resigned after the Versaille conference, as he opposed the unreasonable punitive reparation demands from Germany after the war. Keynes expressed his views in a book titled “The Economic Consequences of the Peace”, which made him famous.More
One of the largest investment banks in the world, headquartered in New York. The largest U.S. bank, the world’s sixth largest bank by total assets and the world’s second most valuable bank by market capitalization. JP Morgan Chase. An eternal enemy of precious metals bulls, accused of selling uncovered shorts on Comex. The bank that allegedly manipulates gold and silver markets. Let’s analyze its link with gold – and whether its collapse is coming, as some analyst are afraid.More
Juniors (also known as junior mining stocks) are low cap (with market capitalization usually under 500 million), and thinly traded (daily volume usually under 700,000) exploration companies searching for new deposits of precious metals. Junior mining companies strive to acquire properties that are believed to have a big probability of including large resource deposits.More