hyperinflation
The Reserve Bank of Zimbabwe introduced new gold coin to help individuals and corporations protect their wealth from the country’s hyperinflation problem. Recently, the central bank created 1,500 one troy ounce 22-carat gold coins, dubbed ‘Mosi-Oa-Tunya.’ Each gold coin has a serial number and can be obtained using the Zimbabwe dollar, US dollars, or other foreign currencies. Q2 2022 hedge fund letters, conferences and more Fidelity Gold Refineries (Private) Limited minted the new gold coins and made them available to the public through traditional banking institutions all over the country. Th...
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After many years of laying low, Americans are feeling the pinch from a rapidly increasing inflation.Q4 2021 hedge fund letters, conferences and more For the 12 months ending October 2021, the consumer price index rose 6.2% - this is the biggest rise in over three decades.Supply-chain interruptions are one of the main reasons for the current hyperinflation in the U.S.The Biden Administration is pushing its economic agenda in the hope to relieve inflation worries.In an already expensive healthcare system, rising medical costs are a key concern, especially for those seeking non-emergency health s...
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Bloomberg is in the spotlight for an article published Saturday that suggested American people should spend more and borrow money. The piece was ridiculed on Twitter by Sen. Ted Cruz’s advisor Omni Ceren and by other users on the social media platform. Q3 2021 hedge fund letters, conferences and more Bloomberg GaffeAn article titled “For Americans Shocked by Inflation, Argentines Have Some Advice,” written by reporters Ignacio Olivera Doll and Patrick Gillespie, incensed a set of Twitter users after suggesting that people should spend their paycheck straightaway on food and other family basket...
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