Lucky I just switched my TD Precious Metal Fund over to TD Canadian Bond fund. I moved my TD Precious Metal Fund over when it closed at the NAV of $79.48 about a week or so ago and on the day gold drop $64.90 (Sept 22, 2011), the closing NAV on Sept 22nd of the TD Precious Metal Fund is $70.64. Wow, that is a drop of almost $9. One thing about precious metal mutual funds is that it moves in tandem with mainly the stock prices of gold mining companies, and it would seem that the gold mining companies also took a hit.
Archive for the ‘Money’ Category
Gold Drops, Takes A $64.90 Hit – Correcting A Bit?
Friday, September 23rd, 2011Russia’s Rich Get Richer, While The Poor Get Poorer
Saturday, August 20th, 2011
Russian economic researchers has found that the richest slice of Russian society has doubled its wealth in the past 20 years, while almost two-thirds of the population is no better off and the poor are barely half as wealthy as they were when the Soviet Union fell, according to the research.
Here is the link to the full article:
http://taipeitimes.com/News/world/archives/2011/04/13/2003500648
London Rioting and Looting Due To Social Problems – Mainly Poor
Saturday, August 13th, 2011
After watching the video from Sky News UK, it would seem that the rioters and looters of the London riot were mainly people who didn’t have much in terms of money and jobs. I guess they saw it as an opportunity to get things they can not otherwise afford. The rioting was trigger by the killing of a boy shot by police.
Stiglitz: “Considerable†Risk in Banks Today – So Little’s Changed Since 2008
Wednesday, August 10th, 2011Nothing much has been done to change the U.S banking system since the 2008 crisis. Basically, if anythig it is the same problematic system and getting worse. So, let’s see if the banking crisis 2.0 and recession will be upon us within the next short while.
Canadian Food Prices Has Gone Up Significantly – Consumer Shock
Sunday, August 7th, 2011
While the United States government lies about their inflation numbers and creates inflation around the world by printing more U.S dollars, Canadian food prices have been rising at the fastest rate in two years. Many experts already know there is food inflation across the world and now it has been affecting Canadian consumers.
Statistics Canada figures showed that food prices rose 4.3 per cent in June from a year ago, . That’s the highest since July, 2009, and a tick upwards from the 3.9-per-cent pace in May.
The Coming Retirement Storm – 9 Million Retiring Canadian Baby Boomers
Sunday, July 31st, 2011
With the current economic situation in the United States which has somewhat spilled over into Canada, it would seem that most Canadian’s that are close to retirement are destined to work well into old age because they have not saved enough or are burdened heavily by debt.
A Canadian Imperial Bank of Commerce poll this week showed that only half of Canadian Boomers aged 45 to 64 have some type of regular savings programs in place. And a TD Waterhouse survey found 31% of retirees aged 55 to 70 are spending more in retirement than expected.
Apple Is Now Richer Than U.S. Government Treasury Department
Saturday, July 30th, 2011
This doesn’t say much about how the U.S government manages its citizens / tax payers money, basically the operative word for U.S politicians actions is “wreckless” and “negligent”.
The U.S Treasury Department that has an enormous spending commitments (social securities, employment benefits, debt interest payments etc.) reported that its government bank account had less than $74-billion, and could hit zero dollars by August. 2. 2011.
Boomer Dreams vs Corporate Reality – Coming Real Estate Crash and Debt Problem In Canada
Sunday, June 26th, 2011This video has some really solid statistics about Canadian peoples debt, the 30% senior citizen’s retiring and the glut of homes that will be entering the market that is going to drive home prices down.
It talks about how corporations has filled peoples head with ideas of a lifestyle that most debt ridden Canadian cannot really afford. This is a must watch, it is a hard look at the reality of things and the coming hardships.
Living With Debt – Canadian Debt Problem
Wednesday, June 15th, 2011
Canadians now have taken on large amounts of debt and with interest rates so low, home sales presses on. However, it is not just mortgage debt that Canadians have added to their balance sheets, credit card and line of credit debt has been soaring as well. This basically is a recipe for a disaster similar to what happen in the United States running up to 2008 economic crash to happen to Canada in the future.
