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Contagion!
Contagion! The world is confronting the effects of the “coronavirus.” It likely originated in Wuhan, China, where it jumped from animals to humans at a local food market. It has since spread to other parts of China and beyond. So far, there are 2,886 confirmed total cases of the coronavirus. All but 61 of them […]
Crude Crashes As Asia Trading Opens; Stocks Slump, Gold Jumps, Yuan Dumps
Crude Crashes As Asia Trading Opens; Stocks Slump, Gold Jumps, Yuan Dumps While gold is spiking higher and stocks are getting hammered lower after a weekend of ugly headlines surrounding the lethality and spread of the novel coronovirus, the Saudis are desperately talking down the crash in crude oil prices… Brent is back below $60 and […]
Why Germany Is Going To War With Gold
Why Germany Is Going To War With Gold Owning gold is a way to get out of this “debt trap”, but governments don’t want you to own gold, especially in Germany Germans, like Indians and Chinese, love their gold – although their reasons for buying and keeping bullion are somewhat different. In China and India, […]
Rick Rule: Gold Is Insurance and You Want to Have Insurance
Rick Rule: Gold Is Insurance and You Want to Have Insurance Rick Rule talked with David Lin of Kitco News at the Vancouver Resource Investment Conference. Rule is the senior managing director at Sprott Inc., and he’s bullish on gold. During this discussion, Rule explains why, touching on a range of subjects including the Federal Reserve, […]
China’s Gold Hoarding: Will It Cause the Price of Gold to Rise?
China’s Gold Hoarding: Will It Cause the Price of Gold to Rise? There are reasons to think that the gold price will rise faster than expected. Since 2009 China has withdrawn 12,000 tonnes of gold from the rest of the world, where the short and medium-term gold price is set. For reasons I will explain, […]
Central Banks Continue “Remarkable” Gold-Buying Spree
Central Banks Continue “Remarkable” Gold-Buying Spree Central banks continued their remarkable gold-buying spree in November and remain on pace to eclipse 2018’s near-record purchases. According to the latest numbers from the World Gold Council, central banks added 27.9 tons on a net-basis to official gold reserves in November. That brings the yearly total for 2018 […]
2020 Begins With A Bang (Literally)
2020 Begins With A Bang (Literally) A heck of a lot happened this week It sure didn’t take long for 2020 to get interesting. Iran The biggest development of the new year happened Thursday when the US military assassinated Qassem Soleimani, Iran’s most powerful figure after its Supreme Leader, in a surgical drone strike. This is […]
Peter Schiff: The 20’s Will Be An Explosive Decade for Gold
Peter Schiff: The 20’s Will Be An Explosive Decade for Gold In 2019, gold had its best year since 2010. Peter Schiff appeared on the RT Dec. 31 and said he thinks the yellow metal should have done even better. And given the current economic conditions, he believes the 20’s will be an explosive decade for gold. You […]
The Ethics of a Gold Standard
The Ethics of a Gold Standard The efficacy of a metallic monetary system is beyond dispute at least among real economists which eliminates just about 95% of whom are now engaged in the “profession.” Money, which gold is, allows for specialization, the division of labor, and provides the means for mankind to escape from barter and, […]
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors. After five long years, the precious metals finally broke through key technical levels this summer. However, after the Fed […]
Paul Volcker: The Man Who Vanquished Gold
Paul Volcker: The Man Who Vanquished Gold The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the “former Fed chairman who […]
