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Tag Archives: gold
Manipulation of Gold & Silver by Bullion Banks
Manipulation of Gold & Silver by Bullion Banks As a former spot currency trader for a major international bank, I have had first-hand experience of central banks directly intervening in currency markets in massive size, repeatedly. You’ll hear a lot of people say market manipulation is a conspiracy theory, despite the fact that it has […]
Deutsche Bank could spell economic and financial chaos. Could this be why Germany has repatriated 583 tons of Gold?
Deutsche Bank could spell economic and financial chaos. Could this be why Germany has repatriated 583 tons of Gold? Before declaring bankruptcy, Lehman Bros. had $639 billion in assets. It was thought to be too big to fail. Currently, Deutsche Bank has almost triple those assets, $1.7 trillion, but its future is in question. The […]
The Federal Reserve: Public Enemy Number One
The Federal Reserve: Public Enemy Number One When currency was backed by gold, a central bank’s main function was to maintain the value of the issued currency in terms of gold. For example, if a central bank created too much money against the gold reserves in the banking system, an increasing number of people would […]
Not All Forms Of Gold Ownership Are Equal
Not All Forms Of Gold Ownership Are Equal Ultimately, the value of gold is based on its tangibility. So, why do so many investors assume they’re getting the same protection from investments like gold futures that they’re getting from physical gold: while gold futures and ETFs will fill most of the needs of owning gold […]
Gold and the Monetary Blockade on Iran
Gold and the Monetary Blockade on Iran This blog post is a guest post on BullionStar’s Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. With Donald Trump close to re-instituting economic sanctions on Iran, it’s […]
Good as gold: Turkey uses bullion to stabilise its economy
Good as gold: Turkey uses bullion to stabilise its economy Commercial banks are putting gold into Turkey’s central bank to help deal with rapid inflation Turkey’s central bank has accumulated an additional 400 metric tonnes of gold since 2011 (Reuters) Turkey’s economy has been in a tailspin with an inflationary currency, but the country is […]
Gold Production On The Cusp of Peaking
Gold Production On The Cusp of Peaking 28 May Gold is valuable because it is a finite resource. What happens when all available gold is mined and processed? There is still abundant gold deep within the earth, but it has not yet been found. Mining companies are unable, to dig deep enough. It is difficult […]
The “Axis of Gold” Just Got Stronger
The “Axis of Gold” Just Got Stronger As you probably know by now, President Trump backed out of the nuclear deal with Iran and is re-imposing harsh sanctions. And just this morning, Trump announced that he’s canceling the much-anticipated nuclear summit with North Korean leader Kim Jong Un because of Kim’s recent belligerent comments. What […]
Learning from America’s Forgotten Default
Bettmann/Getty Images Learning from America’s Forgotten Default One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the “gold clause cases” of the 1930s, that episode holds valuable lessons for leaders today. […]
Gold Should be Viewed as Money — Not as an Investment Instrument
Gold Should be Viewed as Money — Not as an Investment Instrument On May 4 and 5, 2018, Warren E. Buffett (born 1930) and Charles T. Munger (born 1924), both already legends during their lifetime, held the annual shareholders’ meeting of Berkshire Hathaway Inc. Approximately 42,000 visitors gathered in Omaha, Nebraska, to attend the star […]
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar
Turkey Repatriates All Gold From The US In Attempt To Ditch The Dollar After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided […]
