Why the Divergence Between Gold and Bitcoin?

Published by Philippe Herlin | Apr 3, 2025 | 1373

While the price of gold is breaking records and has just passed the symbolic threshold of $3,000 an ounce, bitcoin is struggling and looking for its second wind, rarely has such a marked divergence been observed. Since December 2024, bitcoin has lost 30% of its value against gold. How can such a...

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Gold's Lack of Yield: A False Problem

Published by Philippe Herlin | Feb 6, 2025 | 14742

There is an argument against buying gold that really ticks me off (and the same goes for bitcoin): it offers no return, no interest and no dividend, unlike conventional investments (stocks, bonds, life insurance, bank savings accounts, rental property). It would be a second-rate asset, imperfect...

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French Debt Is Actually High-Risk

Published by Philippe Herlin | Nov 28, 2024 | 14607

France, Italy, Japan and the United States all have high budget deficits of comparable magnitude, accompanied by significant public debt in excess of 100% of GDP. However, taking a step back and integrating other macroeconomic financial data, the levels of risk differ greatly, to the detriment of...

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AI Confirms That Gold Is A Good Investment!

Published by Philippe Herlin | Aug 22, 2024 | 14194

We know why gold is a good investment - we often talk about it here. However, to make sure we haven't missed anything, and in the interests of neutrality and completeness, I decided to put the question to X's (formerly Twitter's) artificial intelligence (AI), called Grok, more precisely the “Grok...

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Will the IMF Soon Be in Paris?

Published by Philippe Herlin | Jul 25, 2024 | 11828

France's image in the world is plummeting at a time when its budget deficit appears to be totally out of control, reaching the same level as at the time of the Covid crisis. Remember that half of France's public debt is held by foreign investors. Any significant lack of confidence would result in...

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Record Gold Price, an Alert?

Published by Philippe Herlin | Dec 7, 2023 | 19576

The price of gold beats its record, both in dollars and euros. Bitcoin climbs, but remains far from its 2021 high. At the same time, the stock market is making some headway, and housing is more or less depressed across the globe. Something is going on. Aside from cyclical explanations (a slowdown...

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Geopolitics and Economics: Back to the 1970s

Published by Philippe Herlin | Oct 12, 2023 | 16610

Fifty years to the day after the Yom Kippur War, the Hamas terrorist attack on Israel stunned the world with its brutality and suddenness. It was anticipated that this war would last longer than the previous one (less than twenty days, from October 6 to 25, 1973), with the threat of global reperc...

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Is Inflation Boosted by Oil?

Published by Philippe Herlin | Sep 28, 2023 | 13205

The ECB has just raised its deposit rate to 4% and halted its sovereign debt repurchases, with the stated aim of stamping out inflation. Unfortunately, this will probably have little effect, as oil prices are slowly but surely climbing.

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