Is Collecting Old Coins Still A Good Investment?
November 23, 2020 (Investorideas.com Newswire) With so many ways to invest now, there are some that have fallen out of favor as being old fashioned. One of those is coin collecting. It used to be thought of as a good, low risk way to protect your assets. Cash inflates when reserves keep printing money, but things like gold and silver coins usually appreciate over time.Even though it seems like something your grandfather would advise you to do and not an actual financial advisor, it may seem like a bad idea. However, it makes sense to invest in coins in some ways.In this article, we will go ove...
CHRAJ ‘Underestimated’ PPA Boss’ Cash
Adjenim Boateng AdjeiTHE Special Prosecutor (SP), Martin Amidu, has stated that the Commission for Human Rights and Administrative Justice (CHRAJ) appears to have miscalculated the amounts of money disclosed by the sacked Chief Executive Officer of the Public Procurement Authority (PPA), Adjenim Boateng Adjei.According to Mr. Amidu, bank statements from the three accounts of the PPA Boss showed there were more cash omitted by CHRAJ.He said the anti-graft body “underestimated” the monies involved as “exhaustively reviewed by the Auditor General for the SP’s Office.Data provided by the Financial...
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BOJ Leaves Cash Rates Unchanged, Outlook Remains Uncertain - 29 October 2020
The Bank of Japan announced its decision to leave the cash rates unchanged, at -0.1 percent, a move which confirmed analyst expectations. The bank also released its quarterly report, claiming that the economy will recover in a moderate pace."Japan's economy will likely improve as a trend as the impact of the coronavirus pandemic gradually subsides, though the pace of recovery will be moderate," stated the bank in its quarterly report.The outlook, according to the bank, is very uncertain, which is hardly surprising considering the uncertainties regarding COVID-19 and the openings and closures o...
Cadence Design Systems: Margin Pressure but Lots of Cash
The Broad Market Index was down 0.53% last week and 61% of stocks out-performed the index. The third quarter financial statement update is underway now with 90 companies reporting last week. It is still too early to perform a macro analysis but interesting that those 90 names generated 19 buys and 4 sells.Q3 2020 hedge fund letters, conferences and moreMost of the improvements are in industrial companies where sales growth is still negative but higher than last period. That improvement in sales growth is commonly the first sign of a cyclical recovery among industrials.At the stock level - A qu...
Biden Campaign Has Nearly Twice As Much Cash On Hand As Trump Campaign In Final Month
Throughout the month of September, President Donald Trump’s campaign spent nearly half of its money. The campaign’s effort to re-election the president faltered as spending was reduced in several battleground states.The Federal Election Commission reported that Trump began with $121.1 million at the end of August, and only had $63.1 million by the end of September, with only 34 days left before the election. His campaign raised $83.1 million in September, but spent about $139.3 million throughout the month. Because of this, the campaign reduced spending on television advertising, as well as ad...
Man Shot Dead Over Cash
Emmanuel Awetor lying in a pool of bloodA man thought to be in his 30s was on Monday afternoon shot dead by robbers at Atonsu in Kumasi.The deceased was later identified as Maxwell Awetor by some eyewitnesses.The man was said to be returning from a bank, where he had done some transactions when the hoodlums who were trailing him shot him.Awetor was reportedly shot in the neck, ending his life abruptly as the robbers fled with the cash.He was declared dead at the Kumasi South Hospital where he was rushed to.Eyewitnesses said Awetor who lived at Ahinsan headed for Atonsu to pay a visit to a frie...
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Cash in billions for COVID-hit biz | Daily FT
Over 40,000 get Rs. 133b out of 178 b approved for 62,000 applicants from Saubagya COVID-19 Renaissance facilityBank of Ceylon leads in approvals and disbursementsLeading private sector banks follow suitGiven high demand, CB approves beyond original limit of Rs. 150 b Thousands of COVID-hit businesses have been supported so far with billions in cash combined under the concessionary working capital support scheme, the Central Bank announced on Friday.It revealed that as of 15 October, 61,907 loan- approved applications were received from COVID-19 affected businesses. These applications were for...
Daily Financial Times
Exim Bank Cash: Sammy Gyamfi spoke out of ignorance – Jeff Konadu
Sammy GyamfiThe Eastern Regional Secretary of the ruling New Patriotic Party (NPP), Jeff Konadu Addo has lashed out the Communications Officer for the National Democratic Congress (NDC), Sammy Gyamfi, over what he describes as disrespect to entertainers with regards to his comment about the Shatta Wale, Agya Koo and EXIM Bank deal.A few weeks ago, it was reported that the bank had given GHS 2 million to the dancehall artiste and the veteran actor to help project locally-produced items and services.While some thought the money was outrageous, others also opined that he was the wrong person to h...
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RBA Cash Rates Unchanged, Hints Additional Monetary Easing - 06 October 2020
Despite the advance of the sanitary crisis, the Reserve Bank of Australia announced its decision to leave the cash rates unchanged at 0.25 percent, signaling further monetary easing to aid the performance of the Australian economy,When announcing the decision, the bank's governor commented that the global economy is recovering, though in an uneven way and conditional on the containment of the virus."While infection rates have declined in some countries, they have increased in others. The recovery is most advanced in China, where conditions have improved substantially over recent months. Global...
INTERVIEW: Cash is no longer king at Middle East checkouts, says Network International CEO Simon Haslam
Here is a personal insight into the changes in regional retailing during the pandemic: Spinneys shoppers have virtually given up paying with cash.The big queue in my local branch in Dubai is now for the automated payment machines, rather than the physical checkouts, and even at the tills payment is overwhelmingly by card or phone app rather than cash.I talked to Simon Haslam, Dubai-based CEO of Network International — the company that processes most of those electronic payments in the UAE and beyond — to find out why. “COVID-19 is accelerating the shift from cash to digital. What’s so exciting...