Table 1: Outline of the Article Introduction Importance of gold in a nation’s sovereignty The Role of Anonymous Buyers Definition and significance of anonymous buyers Record-breaking Gold Purchases by Central Banks Overview of the surge in gold purchases Factors Driving Central Bank Gold Purchases Monopoly with currency Chess with gold Impact on Global Economy Effects […]
Cryptocurrency mining has been a lucrative business, attracting many investors and enthusiasts around the world. However, the mining process requires a significant amount of energy consumption, leading to concerns about its environmental impact. Recently, there has been a proposal to impose a 30% climate change tax on cryptocurrency mining to mitigate the industry’s contribution to […]
The United States is Facing a Critical Financial Predicament The United States is facing a critical financial predicament that could result in default within the next month, according to the US Treasury. The nation’s debt ceiling, which was set at $31.4 trillion in January, has already been reached, necessitating the urgent need for a debt […]
1. Introduction Islam is not just a religion but a way of life that covers all aspects of human life, including finance and economics. The Qur’an and Sunnah have provided guidelines for economic activities, and Islamic finance is based on ethical and moral values. One of the most important aspects of Islamic finance is the […]
Introduction The gold industry is currently experiencing a surge in activity, with many major players looking to expand their operations through mergers and acquisitions. One such deal that has captured the attention of industry experts is the proposed takeover bid by Newcrest Mining for Newmont, which would be the biggest deal in gold mining history […]
The banking system is an integral part of modern society, facilitating financial transactions, providing loans and investments, and supporting the economy. However, financial institutions can experience crises that threaten their stability and impact the wider economy. One such crisis is a bank run, which occurs when depositors lose confidence in a bank and demand to […]
As an investor, it’s always important to diversify your portfolio and find assets that can withstand market fluctuations. One asset that has proven to be a safe haven during times of economic uncertainty is gold. In this article, we’ll explore why gold should be your first portfolio pick in a recession. Table of Contents Understanding […]
Introduction The Federal Reserve System, commonly referred to as the Fed, is responsible for setting monetary policy in the United States. Recently, there has been a lot of buzz surrounding the potential for the Fed to raise interest rates, which could have significant implications for investors. In particular, a Fed rate hike could make the […]
he BRICS group is an alliance of five developing nations: Brazil, Russia, India, China, and South Africa. The acronym BRICS is derived from the first letter of each of these nations. Since its inception in 2009, the BRICS group has been making significant strides in the international political and economic arena. In recent years, the […]
Introduction The concept of Sunnah currency has been gaining traction among Muslims in recent years. Sunnah currency refers to the gold dinar and silver dirham, which were used as currency during the time of the Prophet Muhammad (PBUH) and his companions. The use of Sunnah currency is seen as a way to bring back the […]
