The development of next-generation payments, using a smartphone or going online, is the cornerstone of Visa Inc’s (NYSE:V) strategy. Visa stock is trading at its highest price range ever, benefitting from first-quarter earnings that beat analysts’ estimates. Consumers are spending more and choosing to do so using cards. It’s not just credit cards any more. Debit cards are also helping Visa grow. Europe may be the market of greatest growth opportunity for Visa in the next few years.
We are a smart people, but for the want of a little wholesome training in the plainest principles of political economy, we are as much victims to imaginary and groundless fears as people were two thousand years ago who, in every phenomena, saw a supernatural agency, whose law and power they could neither penetrate nor control. A rumor got wind a day or two ago that sterling exchange was approaching the specie point. Thereupon a great terror seized the public mind. In the rout, stocks of all kinds were thrown away, with as little regard to loss or appearance as the fugitives showed at Bull Run. It is idle to say that it was merely a panic among the bulls and bears. These may be the only visible parties, but their transactions bear no ratio whatever to the whole of those of the Street or Stock Exchange. They are incapable of creating any great fluctuations, which are caused by capitalists and outsiders buying freely when in humor, and selling in a hurry, when a panic like the present seizes them.
Gold is no longer a precious metal, just a dull yellow piece of tin that there's no demand for. Kids today are buying other jewelry fashions and don't even fancy gold. Just like other commodities such as OIL and Gas, gold will founder to new lows.