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Tag Archives: gold
Yes, it’s possible for a gold-backed renminbi to dethrone the dollar
Yes, it’s possible for a gold-backed renminbi to dethrone the dollar. “[W]e want to use our reserves more constructively by investing in development projects around the world rather than just reflexively buying US Treasuries. In any case, we usually lose money on Treasuries, so we need to find ways to improve our return on investment.”– […]
New York Times on Benefits of Gold in Currency Wars | www.goldcore.com
New York Times on Benefits of Gold in Currency Wars | www.goldcore.com. The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner. The […]
Debunking Keynesian “History”: The Gold Standard Had Nothing To Do With Panics And Busts | David Stockman’s Contra Corner
Debunking Keynesian “History”: The Gold Standard Had Nothing To Do With Panics And Busts | David Stockman’s Contra Corner. One of the main reasons that detractors of the gold standard contend it is a “barbarous relic” (in John Maynard Keynes’s phrase) is that it was implicated in so many financial panics and economic busts back […]
Gold Surges As Greece Crashes – Eurozone Debt Crisis Part II Cometh | www.goldcore.com
Gold Surges As Greece Crashes – Eurozone Debt Crisis Part II Cometh | www.goldcore.com. Gold jumped 2.3 percent to a six-week high yesterday as sharp falls on stock markets globally led to renewed demand for gold as a haven. Monday night and Tuesday saw renewed market turmoil across the world. Leading shares suffered their biggest […]
Will There Be Forced Official Sellers of Gold? |
Will There Be Forced Official Sellers of Gold? |. Possible Side-Effects of Plunging Commodity Prices – A Look at Russia One of our readers wrote to us with a question on a topic that will surely be of interest to a wider audience. Here is what he asked: “As FX reserves dwindle, surely there is […]
US Resorts to Illegality to Protect Failed Policies — Paul Craig Roberts & Dave Kranzler – PaulCraigRoberts.org
US Resorts to Illegality to Protect Failed Policies — Paul Craig Roberts & Dave Kranzler – PaulCraigRoberts.org. Paul Craig Roberts & Dave Kranzler In a blatant and massive market intervention, the price of gold was smashed on Friday. Right after the Comex opened on Friday morning 7,008 paper gold contracts representing 20 tonnes of gold […]
“I am a hard working taxpayer who is getting pretty fed up. . .”
“I am a hard working taxpayer who is getting pretty fed up. . .”. So the Swiss have decided not to force their central bank into underpinning its reserves with harder assets than increasingly worthless euros. At least they had the chance to vote. But in the bigger picture, the rejection of the “Save Our […]
Russia’s Monetary Solution | StealthFlation
Russia’s Monetary Solution | StealthFlation. The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies. The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable […]
Swiss Gold Referendum: What It Really Means — Paul Craig Roberts – PaulCraigRoberts.org
Swiss Gold Referendum: What It Really Means — Paul Craig Roberts – PaulCraigRoberts.org. In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored […]
Central Bank Credibility, the Equity Markets and Gold
Central Bank Credibility, the Equity Markets and Gold. Central bank credibility is at all-time highs. As a consequence, we suggest, equities are near all-time highs too while gold is scraping multi-year lows. A change though may be in the offing with all three. Not today, nor tomorrow. But perhaps sooner than most think. Here’s how […]
