On the rare occasions when the US stock market crashes, the crash never begins immediately after the price peak.
The US government usually admits to “price inflation” of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let’s say 5%/year for the sake of argument.
The last long-term bull market in gold-mining stocks, which ran from the early-1960s through to 1980, occurred in parallel with a major upward trend in interest rates, a steady undercurrent of “inflation” fear, and the occasional dramatic “inflation” scare.
The Fed continues to pump aggressively
As eventually happens to every dog, over the past three months the world’s policy-making fraternity has been having its day
The financial markets have begun 2013 in remarkably similar fashion to how they began 2010, 2011 and 2012.
To illustrate the difficulty of measuring performance in terms of the US dollar, today we are presenting three inflation-adjusted (IA) gold charts.
Why is gold in a bull market?
When someone says that QE (Quantitative Easing) is not inflationary they are probably claiming that it doesn’t bring about an increase in the general price level.
According to a recent comment by a well-respected analyst, one of the problems with using gold as money is that the supply of gold could experience large swings due to changes in mine production.