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Wednesday, August 3, 2016

As Fear Stalks Markets Gold Rush Gathers Steam

Political and economic uncertainty creates a rush to buy gold

Alec Van Rijk is a longtime true believer in precious metals, especially gold.
"I am putting on a daily basis a lot of my money into gold. I love gold. I like to trade in it and I have a lot of confidence in gold," said Van Rijk.
The self-described "gold bug" sits on a stockpile of gold bars and jewelry. At his jewelry store in Toronto he buys and sells gold daily.
Van Rijk says gold has an "instant" value.
"So the intrinsic value, I think, is there and I think the commodity is very stable. Much more stable than paper money," said the owner of Van Rijk Jewellers.
In fact, gold prices have long been volatile, but in an era of global political and economic uncertainty there is often a rush to buy gold.

Wikileaks Emails 

Sanders charged Clinton with “looting funds meant for the state parties to skirt fundraising limits on her presidential campaign, exploiting the rules in ways that let her high-dollar donors skirt legal limits.”

West Bank Home Demolitions Hit 10-year High

The Israeli military the West Bank, destroyed 168 Palestinian homes between January 1 and June 30, 2016, displacing 740 people, including 348 children. 

Erdogan moves to close 2,340 institutions 

Including schools, charities, unions and medical centres, and extends the time a person can be detained to 30 days. Turkey has suspended 37,500 civil servants and police officers in the wake of the coup, including many from the education ministry, and also revoked the licenses of 21,000 teachers, and closed more than 600 schools.