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The ISM has once again expanded. Policy is working, so please Dear Mr. Bernanke, begin to withdraw not only a token amount of Treasury bond asset buying in October; make a real statement for the ‘organic’ economy. Pull all T bond purchases and stop buying some MBS to boot. You’ll not only help the Fed’s … Continue reading
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The slide in precious metal prices has done much to undermine investor confidence, yet the indications are that demand for the physical metals remains strong.
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As Spain is bailed out, with some mystery over who exactly is going to be footing the bill, we are forced to focus once again on the existential threat facing the euro: will the teenage currency make it through adolescence? Are these just growing pains or the “beginning of the end”? The possible answers, the … Continue reading
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Bolivia is the latest central bank to join the gold buying bandwagon. Falling global supply as local demand increases translates into severe shortages if price is not allowed to equilibrate demand. How many times have the US mint suspended coin sales this year? Headline: Bolivia Central Bank to Buy Local Gold Output to Boost Reserves … Continue reading
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Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by central banks produced the “global savings glut” which, according to him, destabilized the global economy and led to the crisis of 2008…
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Just in: Bloomberg posted an article that reports Central Banks expanded their gold holdings the most since 1964: LINK Wonder what that means? The world was on a fractional gold standard per Bretton Woods back then… Russia’s insatiable appetite for gold accumulation continues in April: (Chart courtesy of Richard Nachbar, http://www.coinexpert.com/ – click to enlarge) On … Continue reading
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To review briefly, the major building blocks supporting a rising gold price over the next few years are…..
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Today’s gold market is significantly different from the gold market of the 1970s for two reasons……
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The Five Reasons Gold Will Hit $5,000 By Peter Krauth, Contributing Editor, Money Morning Let me get right to the point. Gold’s going to $5,000 an ounce. I know that sounds preposterous to most people. In fact, some of you probably think I’m crazy. But for a whole host of reasons, $5,000 may well end … Continue reading
