Dear PGM Capital Blog readers, On Friday, July 17, China ended years of speculation about its official gold holdings by revealing an almost 60 percent jump in its reserves since 2009. The People’s Bank of China (PBOC), the country’s central bank, announced on Friday, that its gold reserves have grown by 57% to about 1,658 metric tonnes (53.31[…]

Dear PGM Capital Blog readers, After six months of chaos, and Eyeball to Eyeball negotiation between Greece and its Creditors, it looks like Greece has blinked in a showdown with European leaders over its financial crash. Before analyzing the events of last week, after the July 5th, referendum, where 61% of the Greeks voted “NO” or “OXI”[…]

Dear PGM Capital Blog readers, In the early morning of Saturday, June 27, 2015, the July 5, 2015, referendum was announced by Greece Prime Minister Alexis Tsipras  and ratified the following day by the Greece Parliament and President. Voters will be asked whether they approve of the proposal made to Greece by the EU, the IMF and the[…]

Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss with you the Time Line of Greece Debt Crisis since they have deferred the IMF payment due on June 4th, to next Tuesday June 30th. THE IMF PULLED OUT OF TALKS ON JUNE 11: The crisis intensified when, the International Monetary Fund (IMF) dramatically pulled[…]

Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of June 1, 2015: IMF urged the FED to wait until 2016 to raise rates Greece defers payment to[…]

Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of May 25, 2015: USA GDP shrank 0.7 percent in first quarter of this year. Brazil Economy contracted with[…]