BMG Group Inc.
110 Cochrane Drive, Suite 200 L3R 9S1 Markham, ON, Canada
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General Information
Locality: Markham, Ontario
Phone: +1 905-474-1001
Address: 110 Cochrane Drive, Suite 200 L3R 9S1 Markham, ON, Canada
Website: bmg-group.com/
Likes: 21591
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Gold entered a period of increased volatility during the third quarter, usually a positive indicator for the metal. Global ETFs have been net purchasers for 11 consecutive months, and central banks have also been net purchasers every month this year except October. #gold #ETFs #markets #economy https://bmg-group.com/whats-ahead-for-the-gold-market/
Gold is often a market worth watching. With the uncertainties seen in 2020 and the policy responses to that uncertainty, that is especially true now. #gold #markets #goldprice #economy https://bmg-group.com/what-is-the-role-of-gold-in-2020/
The buying of assets with printed money is a dangerous thing from an inflation perspective. What's going to happen to the price of other goods? Your thoughts?
Do you have a flashlight, spare batteries and some duct tape stashed away for home emergencies like power outages or hurricanes? Of course you do. How about 100 ounces of silver coins? If not, you should. #silver #silverprices #economy #demand https://bmg-group.com/silver-could-explode-within-weeks/
Whether you’re buying a brand new BMW or a second hand Range Rover, it’s necessary to secure clear title so you can sell or trade the vehicle in the future. If you purchase a home in The Hamptons or in the Vancouver suburbs, the title or warranty deed should ensure the property is unencumbered by a mortgage or tax lien. When acquiring gold, silver or platinum, you need documentation to prove you own the bullion and can take physical possession if desired. Without proper paperwork, you might not own the car, the mansion or the metal. #gold #preciousmetals #investing #portfoliodiversification #bullionownership
This article by Nick Barisheff was written for Taxes and Wealth Management Issue13-3, a newsletter published by Taxnet Pro. Global stock markets suffered the worst first quarter in their history in 2020, as the COVID-19 pandemic rattled markets. After slowing 5% in the first three months of 2020, the U.S. economy shrank by a whopping 33% in the second quarter. If you think these numbers are bad, it is only going to get worse. The second wave of the pandemic is forcing governments around the world to renew lockdown measures that will push the U.S. economy, and most western economies, to the brink. #economy #election #gold #NickBarisheff #marketcrash
Somewhere during the 20th century, governors, mayors and union leaders got together and cooked up one of history’s greatest financial scams. They would offer teachers, cops and firefighters generous pensions but would avoid raising taxes to fund the resulting future obligations. Workers would vote to re-elect their benefactors, while taxpayers would appreciate the combination of excellent public services and low taxes. #economy #bankruptcy #BullionBuzz #nickstopsix
DID YOU KNOW... Finding that the relationship between the expansion of #money and the effect on its purchasing power varied, the mathematical #economists introduced a variable factor to ensure the equation describing the money relationship with prices always balanced. The monetary equation is as follows: M x V = P x T where:... M = the money supply, or average currency units in circulation in a year V = the velocity of money, or the average number of times a currency unit changes hands per year P = the average price level of goods during the year T = an index of the real value of aggregate transactions But by introducing a variable factor V to ensure the equation always balances, it disqualifies the utility of the equation itself: anything with two unequal sides can be turned into an equation by this artifice. The imagination of the monetarists brushes over this truth by giving the variable a pejorative name. By calling it velocity of money it creates an image of the circulation of money. From there it is easy to assume that if money is underused, velocity of circulation drops and the economy is declared to stagnate, and if its velocity of circulation increases, it is said to be because money is demanded and circulates more effectively. Falling velocity is thereby associated with falling prices for which nominal #GDP is the proxy (P x T in the equation), and rising velocity is associated with rising prices and rising GDP. This concept is badly flawed, but it explains the fundamental precepts behind current #monetary policy.
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