An annuity is an allocation of an investment that is given to an individual on a set schedule, such as monthly or annually. This type of investment is normally used so that a person can live financially secure once they retire. The most popular type of annuity is a retirement pension. The person put...
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Gold has had an incredible decade, outperforming most other asset classes over the past ten years. Whereas the U.S. stock market has been essentially flat over that time period, gold prices have increased in value by nearly 500 percent. Given the turmoil that has racked the world over the past several years, especially the...
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As of this writing, the gold price has fallen nearly $350 since its peak of $1,920.30 back in September. The months-long pullback in the gold price has divided investors as to which way the winds are blowing when it comes to the future of the yellow metal. On the one hand, bearish investors are...
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Prudential Financial, Inc. and Zurich Financial have announced a new partnership that enhances their benefits to customers of both companies insurance products. Under the new benefits options, persons who have insurance with Prudential Financial or Zurich Financial can be serviced around the globe by participants in the others care plans. Primarily, this deals with...
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The gold price tumbled to $1,759 overnight, as political trouble in Italy moved investors to liquidate positions in the bullion market to raise cash. The precious metal continued its downward move for the third straight day as Italy pondered the creation of a national unity government. Market analysts said the gold price stumble is...
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More than three years after facing a terrible liquidity crisis that required an eventual bailout by the United States Federal Reserve, the American International Group (AIG) is once again making headlines in the financial news media outlets. This time the issue revolves around the sale of an AIG money market fund by a private...
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As gold is usually meant to be a hedge against a recessionary market, it is sometimes discerning to investors when the gold price continues to go up in the midst of a bull market. However, as the gold price has experienced unprecedented volatility and momentum in the current economic crisis, one must look at...
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The price of gold in the world’s financial exchanges is reaching new highs and may trigger another rally on the world’s favorite precious metal. A few observers and analysts claim that the gold price has already sailed past technical resistance and is ready to go through a bullish stage. Many traders are placing their...
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American International Group, one of the largest insurance companies in America, announced this week that they would be conducting a debt swap totaling $2.5 billion with some of their bondholders. AIG has been looking to reduce the interest payments on its debt obligations as it struggles to recapitalize itself in the aftermath of the...
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AIG decided in late 2011 that given its recent experience in the mortgage crisis bailout since 2008 and having to deal with the related bad press, it is now a great professional expert at helping others recover from their reputation damage and to avoid further injuries of name and perception. As many remember, the...
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