Oil, the Ruble, and Gold Walk Into a Bar…

From Zero Hedge There is a Narrative about Russia and how it will change the monetary system. Many analysts in the gold community are promoting this story. There’s just one problem with this Narrative. It is like how Michael Crichton described the Gell-Mann Amnesia Effect, stating that the newspaper is full of stories explaining how

By |2022-04-14T07:30:45+00:00April 6th, 2022|Currency Central|Comments Off on Oil, the Ruble, and Gold Walk Into a Bar…

What is the Market Rate?

From OFX The market rate, also known as the ‘interbank’ or ‘mid-market’ rate, is used primarily for consumers as a benchmark. It is essentially a ‘wholesale’ rate that is typically only available to large financial institutions, like banks, when they purchase large amounts of currency. That’s often not the rate that is then translated to

By |2022-04-14T08:15:50+00:00April 5th, 2022|Currency Central|Comments Off on What is the Market Rate?
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