Tag Archives: Sovereign Default

The Oscars - Worth Their Weight in Gold? 89th Oscars to air this weekend Oscars have been dipped in 24 karat gold since 1929 If the Oscars were made of solid gold they would weigh 330 ounces 330 ounces of gold is worth $408,210 at today's prices (nearly €400k & £330k) Oscars cannot be sold, making them a tricky investment piece Steven Spielberg keeps his gold Oscar with the Academy for ‘safe-keeping’ Shows importance of owning gold in safest ways Price of gold has climbed from $20.67...

On Friday, after it emerged that as part of Marine Le Pen’s strategic vision for France, should she win, is a return to the French franc as well as redenomination of some €1.7 billion in French (non-international law) bonds, both rating agencies and economists sounded the alarm, warning it would “amount to the largest sovereign default on record, nearly 10 times larger than the €200bn Greek debt restructuring in 2012,...

Several months ago, as Venezuela’s hyperinflating, imploding economy was spinning in freefall, leading to the dramatic episodes of total social collapse such as those profiled in “Scenes From The Venezuela Apocalypse: “Countless Wounded” After 5,000 Loot Supermarket Looking For Food“, we wrote that the country which recently had “run out of money to print its own money” was preparing to liquidate its remaining gold holdings to pay coming debt maturities. Then, courtesy of an analysis by...