Dr. Rick C. Ernst
Coaching The Affluent To A Fulfilling Life
of Peace, Passion, Profits And Philanthropy.
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Eldorado Gold cuts capital spending as gold price falls
www.reuters.com

TORONTO, July 16 (Reuters) – Eldorado Gold Corp said on Tuesday that it will cut capital spending in 2013 by more than 35 percent, deferring a full expansion at its Kisladag project in Turkey, in light of the recent drop in the gold price. The …

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$250000 in Gold Coins Discovered Off Florida Coast
newsfeed.time.com

And, in the most literal sense, he struck gold. The trove of coins the crew found, called escudos, are part of the treasure left behind after 11 Spanish galleons sank on July 31, 1715, after a hurricane. According to CNN, they're still in decent …

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PRECIOUS-Gold rises on softer dollar before Bernanke testimony
www.reuters.com

LONDON, July 16 (Reuters) – Gold rose on Tuesday as the dollar eased ahead of Federal Reserve Chairman Ben Bernanke's congressional testimony later in the week, which investors expect could provide clues on the timing of the central bank's tapering of …

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Billionaire's Jewelry Retailer Sees Revenue Surge On China's Gold Fever
www.forbes.com

Cheng's wealth was valued at $16 billion on the World's Billionaires List in March. He retired as chairman of New World last year. Chinese consumers have traditionally viewed gold as a symbol of prestige within their culture. Gold jewelry was often …

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Founding Farmers to Open at Tysons Corner, VA in Spring 2014
www.prweb.com

The 12,000-square foot sustainably designed space will open in Virginia's affluent Tysons Corner area in spring 2014. Share on Twitter Share on … Developed by Chef Joe Goetze and The Farm's culinary team, the menu will feature approximately 70 …

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The global economy and your local pawn shop
www.marketplace.org

He says that the conventional wisdom that pawn shops doing well means a bad economy isn't necessarily true. "Pawn shops do well in most every economy," he argues. "We loan more money in the downturn; we sell more merchandise in the upside. So we …

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Lukashenko Bolsters Partnership with China
www.themoscowtimes.com

With the slow deterioration of the economy and the impending possibility of the country's second currency devaluation, Belarus has decided to partner up with China to stimulate its dwindling economy, a news report said Tuesday. The partnership between …

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Asia Briefing: Debate over 'hard landing' goes on as GDP slump continues
www.irishtimes.com

“China is beginning to see the effects of both slow US growth and euro zone recession, compounded by its own overvaluation and Japanese competition, with Abenomics chiefly predicated on competitive devaluation,” he said. Capital Economics chief …

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Devaluing dollar fiscal suicide, says Holness
jamaica-gleaner.com

In response to the rapid devaluation, IMF officials said it was an important correction that needed to happen since the local currency was overvalued. The IMF argued also that devaluation would make the country's goods and services more competitive …

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