Dear PGM Capital Blog readers, On Friday evening August 5th 2011, Standard & Poor downgraded the USA credit rating from AAA to AA+. On Sunday August 7th 2011, during “MSNBC” program. “Meet the press”, former USA Fed Chairman, Dr. Alan Greenspan, was asked on his opinion about the downgrade of the USA debt. MSNBC Reporter:[…]
Dear PGM Blog readers, On Friday, August 5th 2011, Credit rating agency S&P had the guts to downgrade the USA sovereign debt from AAA to AA+ with a negative outlook for the USA for the coming 15 months. August 5th 2011, will go into history as the day that a “credible” rating agency has acknowledge[…]
Dear PGM Capital Blog readers, Awaiting our Website to become operational in the second half of this year, we herewith provide you with an overview of our scope, profile and services. PGM Capital is a financial advisory & wealth management company, which, together with its partners, offers a wide variety of tailor made financial services[…]
Dear PGM Capital, blog readers, During the last few days our telephones and E-Mail box were red hot from readers and clients asking our opinion on the current deadlock in the USA regarding the increase of the debt ceiling. History has proven to repeat itself within a certain cycle. On average we have a recession every 5 years and[…]
Dear PGM Capital, Blog readers, Today, July 26 2011, Gold closed on a new all time high of US$ 1,619.90 an oz, while the DOW was down and closed at 12,501.30. The latter is the value of the DOW measured in USD, in paper money. However when we measure the value of the DOW in[…]
Dear PGM Capital, blog reader, today, Thursday, July 21st 2011, Freeport-McMoran Copper & Gold Inc (NYSE: FCX) reported its Q2-2011 results. Highlights Q2-2011 Results: Net income for Q2-2011, was USD 1.4 billion or US$ 1.43 per share, compared with USD 649 million or US$ 0.70 per share in Q2-2010 Revenue increased 50.5 percent to $5.81 billion[…]
Dear PGM Capital Blog readers, today Gold our preferred investment vehicle, for the current age of turbulence, hyperinflation and shake-out of the West (USA , EU & Japan) closed a record high of USD 1602.10 an oz. as can be seen from from below chart. As can be seen from above chart Gold has appreciated in the[…]
Dear PGM CAPITAL blog reader, on Wednesday, July 6th 2011, the Central of China, announced that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday July 7th 2011. The rate paid on one-year deposits will rise to 3.5 percent and the rate for[…]
Dear PGM CAPITAL Blog reader, In our efforts to provide you with the best and ahead-of-the curve information, market analysis and updates, we have today, July 5th 2011 launched our Facebook Site. On this site we’ll post and forward important financial information from third parties as well as from our blog, to enable you to[…]