Bubble

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Deutsche Bank posts 832 million euro loss 

amid major restructuring plan

The embattled German lender has struggled since the global financial crisis of 2008 and the subsequent debt crisis in the euro area. The bank has faced billion-dollar fines, increased market competition, a lower market share in both commercial and investment banking, as well as a series of management changes.

Chinese Investors Pile Into Gold As Economic Worries Surge

Holdings of the metal at the communist state’s four bullion-backed exchange-traded funds reached a record-breaking 50 metric tons at the end of September, according to a new report from industry group World Gold Council. That’s metal is worth around $2.4 billion. 

Chinese investors have plenty to worry about, says Gordon G. Chang, author of The Coming Collapse of China. 

In simple terms, the Chinese economy is on the rocks, and there is little that can be done to fix the problem. Or at least, what can be done – such as reducing state control – won’t be considered by the communist party leaders. 

As a result of the malaise, investors are seeking sanctuary in gold bullion.

 DYI