Investment

The Securities and Exchange Commission (SEC) has been reviewing the ways that brokers trading every day

The Securities and Exchange Commission (SEC) has been reviewing the ways that brokers trading every day. Investors are worried that the way millions of everyday global investors buy and sell stocks is going to change. And this change will be bad news for so-called free-trading apps like Robinhood as well as other similar business models.

When an investor buy or sell stocks on an app, the trade seems to be instantaneous. But, this buy-sell action is a complex process of Wall Street players exploiting tiny differences in prices to rake in huge amounts of cash.

Here is now it works:

When you place a buy or sell order, your broker for example Robinhood takes your order to a firm known as a wholesaler or market makers – the middlemen who are supposed to get you the best prices and who pay the brokers for the privilege of executing the trades. They typically make pennies off each transaction.

And the process above is called “payment for order flow”. Now this process has come under scrutiny by regulators due to the fallout from the January 2021 run-up stocks like GameStop.

The SEC are likely to roll our new rules as early as this Wednesday. One proposed new rule will be added more competition at the middleman level to ensure retail investors are really getting the best prices. It may also mean trading orders will be routed into auctions where trading firms would have to compete to execute them. In the future, investors may need to pay more trading fees on so-called free-trading apps.

Image source: https://www.pexels.com/photo/silver-iphone-2068664/

Investment

The global economy is on the edge of a precipice

The global economy is on the edge of a precipice, and it may be the biggest crisis since the Second World War.

The invasion of Ukraine has compounded the effects of the Covid-19 pandemic. It brings the cost of the food and fuel to skyrocket which weighing on the economic recovery and fanning inflation.

Rising interest rates are putting more pressure on countries, companies, and households. Climate changes, market turbulence and ongoing supply chain constraints also make the situation become more worse.

To lower economic stress, the IMP is calling for government officials and business leaders meeting in Davos to discuss reducing trade barriers.

However, earlier this month, Indian government decided to ban the export of wheat and it triggered the price of grain soaring. Some countries are heading in the opposite direction of IMF and implementing restrictions on trade in food and agriculture products that could probably exacerbate the shortages and push the prices even higher.

Image source: https://www.pexels.com/photo/american-and-chinese-flags-and-usa-dollars-4386371/

Investment

“Fragmentation” is underway

“Fragmentation” – one the many buzzwords heard around Davos this week. “Fragmentation”, it is referring to a breakdown of the kind of free-wheeling, border-crossing trades and investments which have built the global economic order over the past three decades. It also means “deglobalization” – rebuilding fences between nations and nations.

Deglobalization won’t happen overnight but it is not a new issue. Supply-chain disruption, war in Ukraine, growing political divides and trade disputes are renewing concerns about a return of an era of isolation.

Here are the micro-deglobalization playing out in real time:

China’s ride-hailing giant Didi officially delisted its share from NYSE

Starbucks and McDonald’s pulled out of Russian market

Airbnb said it would pull all of it listings in China

Malaysia moved to restrict exports of Chicken to its neighbors

Microsoft slowly scale back their China practice

These supply chains have been built over 30 years, so it’s just really difficult to move them into another country. The US baby formular shortage is a huge public health crisis that indicates the peril of relying too much on domestic production for essential goods. It is far more complicated if governments around the world are doing deglobalization.

Image source: https://www.pexels.com/photo/antique-antique-globe-antique-shop-antique-store-414916/

Collections

A rare Chinese vase kept in the kitchen sold for 1.8 million at auction

A precious Chinese vase dating from Qianlong era (18th century) was sold for nearly USD 1.8 million at Dreweatts Auction.

The seller was a son of a surgeon who stated that his father bought this Chinese Vase in 1980s for just a few hundred pounds. The seller then inherited this vase from his father and kept it in his kitchen. He did not realize its value until it was discovered by an expert.

The Chinese Vise was a porcelain blue artifact in two feet height. It was crafted using innovative heating techniques to gild its blue, gold and silver coloring. It was made during the reign of Qianlong Emperor – the sixth emperor of the Qing dynasty.

The result of high sale prices shows the high demand for the finest antique porcelain in the world.

Images source: https://auctions.dreweatts.com/auctions/8176/drewea1-10298

Investment

Thousands of UK “Fish-and-Chips” shops would be closed in a year. Here is the reason.

Fish-and-chips shops in the United Kingdom are under a great pressure as the key ingredients – cods and sunflower oil keep soaring because of the war in Ukraine.

Nearly third of the fish-and-chips restaurants will be expected to be closed in the next few months. The prices of the main ingredients started rising at the end of 2021. And the costs go even further upward when Russia invaded Ukraine. It’s because nearly 40% of the industry’s cod and haddock come from Russian waters and 50% of its sunflower oil imported from Ukraine.

Business owners are struggling with higher costs as supply chain have been exacerbated by the war in Ukraine. The shops owners cannot make enough margins to survive. It’s too difficult for the shops to raise prices as customers expect the fish and chips to be in a reasonable price.

Business owners also fear that the UK government will impose harsh import tariffs on Russian products. It will push Business to stock up on alternatives and make business in UK become more difficult.

Image source: https://www.pexels.com/photo/fried-food-with-two-cup-of-drinks-on-table-2053891/

Investment

Elon Musk said his deal to buy Twitter is on hold

Elon Musk tweeted on Friday that his USD 44-billion deal to take the company private was temporarily on hold. And he was waiting for data on the proportion of its fake accounts.

He tweeted on Saturday that Twitter’s legal team accused him of violation a nondisclosure agreement by revealing that the sample size for Twitter’s examination on fake account users was 100.

He said that his team would test “a random sample of 100 followers” on twitter to identify the bots” and “I picked 100 as the sample size number, because that is what Twitter uses to calculate <5% fake/spam/duplicate.”

It caused Twitter legal team told him he violated an NDA and his deal is on hold now.

Investment

The world’s most valuable cryptocurrency tumbles

Bitcoin which some investors treated it as digital gold was down more than 50% below its all-time high. It was down 10% again Monday after plunging over the weekend. Bitcoin prices are more than 50% below its record high of nearly USD 69,000 from 2021 and are below USD 31,000 now. Other cryptocurrencies such as Ethereum, Altcoins and Elon Musk’s beloved Dogecoins have been hit hard too.

Image: https://cdn.plus500.com/Media/ArticlesMain/Bitcoin_Article@0,75x.png

Investment

Decoupling, one of the biggest risk to the global economy

Global Markets may still underestimate the impact of China’s strict zero-Covid policy. Until now, nearly 400 million people across the mainland China are under full or partial lockdown. 

Investors probably do not aware of this zero-Covid policy as much more attention remains focused on the Russian-Ukraine war and the US Federal Reserve rate hikes.

However, more and more analysts are ringing warning bells as Shanghai, a city of 25 million and one of China’s premiere manufacturing is under the indefinite lockdown. The quarantines left the largest port in the world understaffed. Food supplies stuck in shipping containers, incoming cargo is now stuck at Shanghai marine terminals and cargo airlines were cancelled all flight in and out of the city. Sony, Apple supplier plants, Quanta Factory and Tesla factory in and around Shanghai, are idle.

The impact on China is major and the ripple effect on the global economy is also significant.

The ongoing disruption to manufacturing and shipping in China may help accelerate the US president Joe Biden to reduce US dependence on products and supply chains from China. Some US economic leaders believe that decoupling is underway. However, it is extremely difficult. Globalization is not something that is easy to be reversed because it would be incredibly costly. 

Collections

2022 Canadian Super Incuse SML Rose Gilded Proof Silver Coin



 

2022 Canadian Super Incuse SML Rose Gilded Proof Silver Coin

 

The collection of double-incuse Silver Maple Leaf (SML) coin was introduced by Royal Canadian Mint in 2018.

Then, Royal Canadian Mint followed it up with gold- (2019) and black rhodium-plated (2020) versions.

Afterward, the mint took art to all-new depths with the first Super Incuse SML in 2021. While the previous incuse coins had a standard incuse depth of
0.3 mm, thanks to new technology developed by our Research and Development team, on the Super Incuse SML the intricately engraved maple leaf sits 1.5 mm below the coin’s surface – that’s nearly 40% of the coin gauge!

The 2021 version was sold out rapidly in every coin shop. Collectors around the world was so desperate to get one!

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2021 Canadian Super Incuse SML Proof Silver Coin

The year 2022, Royal Canadian Mint launched 2022 Canadian Super Incuse SML Rose Gilded Proof Silver Coin. And the design is much more beautiful and detailed than the previous version. 

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2022 Canadian Super Incuse SML Rose Gilded Proof Silver Coin

The coin’s reverse features Walter Ott’s iconic sugar maple leaf design, unchanged since the first Silver Maple Leaf (SML) bullion coin issued in 1988. The Mint enhanced the revolutionary Super Incuse SML with the addition of selective rose gold plating and maple leaf field pattern on both sides; truly a perfect fusion of modern technology and classic design.

  • Mintage: 7,000
  • Composition: 99.99% pure silver
  • Finish: modified reverse proof
  • Weight (g): 32.41
  • Diameter (mm): 36
  • Edge: serrated
  • Certificate: serialized
  • Face value: 20 dollars
  • Artist: Walter Ott/RCM Engravers

Source:

https://mint.ca/store/coins/1-oz.-fine-silver-coin-%E2%80%93-super-incuse-silver-maple-leaf-%E2%80%93-mintage-7000-2022-prod3820030