The Fed, though, will roll out the talking heads from Wednesday.
Wednesday 8 September:
- Federal Reserve Bank of New York President John Williams will speak on the economic outlook and monetary policy
- Fed Dallas President Robert Kaplan will participate in Discussion of Economic Developments and Implications for Monetary Policy
- Fed Chicago President Charles Evans will give welcome remarks before a virtual “Exploring Career Pathways in Economic and Related Fields” event
- Federal Reserve Bank of San Francisco President Mary Daly will present a paper in “The Economic Gains From Equity”
- Federal Reserve Board Governor Michelle Bowman will speak on “Community Bank Access to Innovation”
- Federal Minneapolis President Neel Kashkari, Fed Boston President Eric Rosengren, Fed Dallas President Robert Kaplan and Fed New York President John Williams will participate in virtual “Racism and the Economy: Focus on Health” event
- Federal Reserve Bank of Cleveland President Loretta Mester will speak before virtual Bank of Finland-CEPR “New Avenues for Monetary Policy” Conference
With the dramatic rise in gold’s popularity many still need to be educated about some of the core concepts of the gold market, such as who holds it, and who produces it. Courtesy of Money Hacker we have a useful visual representation that answers precisely these two questions. In addition, here are some of the most useful and trivial factoids about gold, that have no bearing on its price whatsoever, but serve as perfect cocktail small talk.
Click Image to ENLARGE !
Some Insights into the data on the infographic:
All Gold Ever Mined – The total amount of gold ever mined is estimated to be worth around US$5 trillion.
How Gold is Used – You might have though (like me) that most of the gold in the world stored in bank vaults and lock-boxes? Actually, 78 % of the worlds’ gold is made into jewelery. Other industries, mostly electronics, medical, and dental, require about 12%. The remaining 10% of the yearly gold supply is used in financial transactions. (more…)