As investors, we should always diversify our portfolios and often we might neglect having precious metals investment in our portfolio. I would like to share in this article why we should have Gold as a precious metal investment in our portfolio. I will be exploring the reasons why gold continues to be a wise choice for investors seeking stability and preservation of wealth over the long term. Throughout history, gold has held a special place in human society as a symbol of wealth, prestige, and value. Its unique properties, scarcity, and universal appeal have made it a strategic investment for the long run. Despite the modern financial markets' ever-changing landscape, gold remains a reliable store of value and a hedge against economic uncertainties. A Hedge Against Inflation One of the
What happened to Credit Suisse? On March 9, Credit Suisse announced that it had received technical inquiries from the SEC regarding its previously disclosed revisions to its consolidated cash flow statements for 2020 and 2019, and therefore delayed the release of its 2022 annual report. On March 14, Credit Suisse said it had identified “material weaknesses” in its internal controls over financial reporting for 2021 and 2022, and received an adverse opinion from its auditors. Credit Suisse’s share price fell by 24% on March 15, while its five-year CDS rose to nearly 1000, higher than Deutsche Bank’s crisis in 2016 and the eurozone debt crisis in 2013. This was mainly due to investor concerns about Credit Suisse and its potential adverse consequences. Credit default swaps (CDS) are credit ri