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Alternative Investments

Alternative Investments

Government to crack down on pension scam

pension scam

Government plans to come down heavily on fraudsters tricking pensioners

There has been demand for strict measures as the UK pension scam gets bigger and serious. Millions of pounds are siphoned away by the scammers, which has created serious concerns across the country. An increasing number of savers are falling prey to the massive scam hitting the country.

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Precious Metals

Low platinum cost pushes jewellery demand

platinum

For budget-conscious ring-bearers, the preferred material might be platinum.

According to Platinum Guild International, the low platinum price in 2016 had retailers stocking up on the precious metal, with Indians and Americans the most likely to put a platinum ring on it. In India platinum demand soared 11.4%, while in the U.S., demand grew 5.4%.

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Precious Metals

Global Indicators Affecting Gold in 2017

Gold

The strong economic numbers from the US during 1Q17 have been casting a shadow over precious metals, as strong data could imply sooner-than-expected interest rate rises. Rising interest rates are negative for precious metals, as they don’t pay interest like Treasuries.

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