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  • Gold Is The Ultimate Wealth Preservation Against Reckless Governments September 9, 2016
    The autumn of 2016 has for some time looked like a period when dark clouds will move in over the world economy. Therefore, it was not surprising to see the first sign of things to come in the next few months. In one day the Dow erased all the gains since early July with an […]
  • "Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt September 9, 2016
    While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank's multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the […]
  • Fed Leaves Interest Rate Unchanged (Again) September 9, 2016
    Gold Advances Before and After Announcement The U.S. Federal Reserve Policy Committee tried, but once again failed to act on its December 2015 forecast of four interest rate increases this year. Committee Chair Janet Yellen stated that the Fed remains data dependent “and the recent data just does not support a move higher.” Furthermore, “I’m […]
  • Not Everyone Went Down With The Titanic September 9, 2016
    It’s one of the most dangerous myths most people believe… Boobus Americanus thinks cash he deposits into a bank is a personal asset he owns. But that’s not true. Once a deposit is made at the bank, it’s no longer your property. It’s the bank’s. What you own instead is a promise from the bank […]
  • As The World Economy Is Burning Central Bankers Are Clueless September 9, 2016
    The more things change, the more they stay the same. The financial world loves focusing on some future event that they think will change everything. There is always some economic data, an important meeting like G20, the Fed, the ECB or a speech by Yellen or some other central bank head who hasn’t got a […]
  • August Jobs Report Reveals Ongoing Weakness September 9, 2016
    Gold Futures Rise; Interest Rate Hike Even Less Likely The United States Bureau of Labor Statistics released its nonfarm payrolls data heading into the Labor Day weekend, and less than three weeks before the Federal Reserve meets to consider an interest rate hike. Analysts appear unanimous in agreeing that these jobs data decrease the chance […]
  • The Six Presidents Causing US Bankruptcy September 9, 2016
    Since Reagan came to power in 1981, the US has had a total of five presidents who have spent ever increasing amounts of money to hang on to power and buy votes. This has resulted in the most extraordinary money printing venture in history. It is not just central banks that print money. Governments that […]
  • Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand September 9, 2016
    In the latest stunning development involving a documented failure of a bank to deliver physical gold when demanded, yesterday we reported that according to German website godmode-trader.de, a client of the Xetra-Gold Exchange-Traded Commodity was told the fund's designated sponsor, Deutsche Bank, would be unable to deliver the requested gold. This was contrary to the […]
  • Are Central Banks Beginning to Nationalize the Whole Economy? September 9, 2016
    This question might sound preposterous, but this movement is very real and growing in importance: central banks are progressively buying private assets with their unmatched firepower. The mainstream media is silent about it and the economic press almost as mute, even though this constitutes a major evolution. Although “classic” monetary policies, such as ‘quantitative easing’ […]
  • When Is the Price of Gold Going Up? September 9, 2016
    Several analysts in favour of gold are predicting a spike to come in the precious metal’s price. They base this prediction on several arguments: - Negative rates: For a long time gold has been put down as “yielding no interest”. It may have been the case before but now that the yield on traditional investment […]
  • U.S. Debt Is More Than All The World’s Physical Cash, Gold, Silver & Bitcoin Combined September 9, 2016
    The U.S national debt is quickly approaching $19.5 trillion. It will very likely be there this month. It is hard to comprehend how much this amount is for the average American that is barely trying to get by. But people are starting to wake up. There is a large financial charade going on. Most people […]
  • Gold Investors Bought Record Levels of Bullion During First Half August 8, 2016
    Investors bought record amounts of gold in the first half as concerns over Britain’s vote on European Union membership and U.S. presidential elections drove demand for a haven. Slumping yields also reduced appetite for alternatives like stocks and bonds. Purchases of 1,064 metric tons smashed a 2009 record by 16 percent, the World Gold Council […]
  • Hyperinflation Is Nigh So Gold Will Go High August 8, 2016
    This coming autumn, we are likely to see the beginning of the hyperinflationary phase of the sovereign debt crisis. Hyperinflation normally hits an economy very quickly and unexpectedly and is the result of the currency collapsing. Hyperinflation does not arise as a result of increasing demand for goods and services. The course of events in […]
  • Will the Dow Go Up 100% and Gold 5,000%? August 8, 2016
    Welcome to the wonderful world of illusions. This is a world where few people can see the difference between reality and fantasy. And maybe there is no difference. Just looking at the US election and the candidates, it seems like total fantasy from this side of the Atlantic. It is difficult to take the whole […]
  • Final Catastrophe of the Currency System August 8, 2016
    The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in “a final and total catastrophe of the currency system” as von Mises succinctly articulated. It […]
  • The Debauchment of the Currency August 8, 2016
    Economist John Maynard Keynes described the effects of inflation citing Vladimir Ilyich Lenin this way: “Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their […]
  • Pokémon GO–LD August 8, 2016
    Real GOLD versus Pokémon GO? That’s a simple choice for most people because shortly after launch there are already more than 30 million users of the game Pokémon GO (PG). Gold has not for a long time attracted the same interest but that is likely to change in the next few months and years. Not […]
  • Banking Crisis in Italy: the Next Domino to Fall is France August 8, 2016
    We’ve already talked about the banking crisis in Italy, with 360 billion € in bad loans, the equivalent of 22% of its GDP, an inordinate amount that leads us to fear the worst. The situation has been temporarily stabilised after a deal between the head of government and Brussels: a bailout plan has been negotiated […]
  • IMF Confirms Negative Rates Are Slowly Killing Banks August 8, 2016
    For the last two years the European Central Bank (ECB) has initiated a zero- or negative rates policy: its key rate fell to zero, and when a bank deposits cash at the ECB, not only does it not yield anything like before, but the bank must pay a yearly 0.4% interest rate. Mario Draghi’s goal […]
  • BOE Cuts Interest Rates to Record Low August 8, 2016
    Announces Stimulus Measures to Stave Off Recession The Bank of England today cut its official interest rate for the first time in 7 years, from 0.5 percent to 0.25 percent. The reduction is one of four measures in a plan to prop up the banks and prevent the British economy from sinking into recession after […]