0121 634 8060 7am-10pm, 7 days a week Free Insured Next Day Delivery

August Gold News 2017


Gold Price Races Past $1,300 as world tensions grow.

Gold Price Races Past $1,300 as world tensions grow.

The Gold price surged 6% in just three weeks to go over the $1,300 an ounce barrier yesterday, as investors looked to the ‘safe haven’ asset as uncertainty around the world grows. Gold was last above the $1,300 mark in November last year.

Why is this happening?  Well, North Korea escalated tensions after firing a ballistic missile over northern Japan for the first time since 2009. People living nearby were told by the government to take cover and South Korea has threatened to ‘exterminate’ North Korean dictator Kim Jong-un if he continues to risk the safety of its population.

The ...

Is the credit bubble popping already? - Major concerns over Provident's home lending business

Is the credit bubble popping already? - Major concerns over Provident's home lending business

Should alarm bells be ringing?!

Ten years on from the financial banking crisis there is news of a sub-prime lender in trouble here in the UK.  We’ve highlighted concerns about this before, but the news about Provident Financial should surely send alarm bells ringing.

The company lost two-thirds of its stock market value in one day on Tuesday after the doorstep lender was hit by many blows.  It led to the biggest fall in a FTSE 100 company ever in one day, wiping nearly £1.7bn off its stock market value.  Provident Financial – which specialises in lending to ...

Alistair Darling warns on stability of UK economy 10 years after the financial crisis

Alistair Darling warns on stability of UK economy 10 years after the financial crisis

Ten years ago to the day since the start of the financial crisis, former chancellor Alistair Darling, who navigated the UK through the 2008 recession, has warned regulators not to be complacent about the stability of the economy.

On the 9th August 2007, French bank BNP Paribas froze three large hedge funds that specialised in the US sub-prime mortgage market, justified by their inability to calculate the funds values amidst growing concerns over liquidity. This ...

Ten years after Northern Rock – 3 reasons why the next big financial crash might be just around the corner?

Ten years after Northern Rock – 3 reasons why the next big financial crash might be just around the corner?

There could be worrying times ahead as there are indications that we could be heading for another financial crisis with the personal debt bubble about to burst.

Research by BullionByPost has found concerning similarities between the financial crisis that caused the banking crash ten years ago and what appears to be happening in the consumer credit market. Here’s why:

1. Credit Cards:  Zero percent balance transfers now exceed 40 months!

Virgin Money and MBNA are offering zero percent on balance transfers for more than forty months.  Both banks are lending to many people who are maxed out on credit ...

linkedin