With gold pushing up against nominal all-time highs, Kinross sold 606, 896 ounces of the shiny metal in the second quarter, up 16.8%.
That leaves our central bank as the buyer of last resort and is the primary reason why gold is rising against all currencies and recently reached a nominal all-time high in U.S. dollars.
For Canada, Texas, Iowa and North Dakota, the common denominator they all share is that the economy in each is relatively focused on commodities, and with commodities near nominal all-time highs thanks to a weak dollar, job-creating investment has followed.
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The sharp rally to consecutive all-time nominal highs for gold prices on the back of concerns over problems in the European Union banks and dismal economic data this week in the U.S. has participants in the weekly Kitco News Gold Survey generally looking for higher prices.
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More intermediaries also mean more costs, at a time when nominal equity returns have been very low over the past decade.
There are 14 countries that have gone back in time, according to the nominal GDP indicator.
At the same time, both inflation and nominal wage growth have been higher than in other euro members, especially Germany.
Once a new unit is built, the operational costs are nominal and over a 40-year time period, such facilities have proven to be cost effective.
The act of central bank money printing temporarily drives down nominal interest rates, while at the same time creating inflation and lowering the intrinsic value of the currency that is printed.
And since debts are fixed in nominal terms, they become less burdensome in a time of inflation (or at least the right kind of inflation) so long as interest rates don't rise.
Countries can elect to get their fiscal houses in order over time, getting the fiscal deficits below the growth of nominal GDP.
The only time when cyclical recoveries have produced low returns has been when nominal bond yields were even lower than they fell in June.
With two children with late year, near Christmas birthdays, we tackled the problem of not burdening others with extra expenses at an expensive time by throwing birthday parties but requesting gifts stay under a nominal amount.
To make sure that the headphones are ready for use at any time, they have been fitted with a 3.5mm stereo jack, and the nominal impedance has been reduced for optimum connection to mobile players.
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