“There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”
What We’re Tracking Rain is continuing to move off to the East this morning as we hold on to cloud cover for our viewing area. Winds are already breezy to start out and will continue to be an issue over the next few days. We'll have another chance for storms later this afternoon and evening []
Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency “is going much lower than this.” […]
It’s hard to ignore record prices that climbed above $2,400 an ounce last week.
China has lashed out at Australia after the federal government announced plans for a big boost in defence spending, as an expert warns the increase may not be enough. Defence Minister Richard Marles on Wednesday unveiled the new national defence strategy and investment program which will which nearly double annual defence spending to $100 billion […]
As it exports internet infrastructure, China is expanding its authoritarian model of the web, report says.
The Chinese Communist Party is secretly lobbying the U.S. Congress regarding TikTok, according to Capitol Hill staffers familiar with the situation.
Gold prices are still increasing, and retailers like Costco and Walmart have started selling gold bars.
Kanye West reportedly is considering entering the adult entertainment game, and it's the latest sign the man simply loves attention. Kanye has had an unreal fall from grace over the past several years. He went from being the poster boy for conservative influencers following a meeting with then-President Donald Trump to watching his career go down the drain following multiple anti-Semitic rants and comments. It's almost like he's not playing with a full deck of cards and will do literally...
Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.
Beijing on Monday called reports about 23 Chinese swimmers testing positive for a banned substance ahead of the Tokyo Olympics in 2021 "fake news".The sport was rocked at the weekend by revelations that the swimmers tested positive for trimetazidine (TMZ) -- a prescription heart drug that is banned in athletes because it can enhance performance -- before the Games three years ago.The swimmers were allowed to compete in Tokyo after world governing bodies accepted China's findings that they had...