History Repeating Itself
Ever since Nixon welched on the U.S. dollar in 1971 and took away this global reserve currency’s gold backing, currencies around the world have behaved like teenagers at a keg party without a chaperone.
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Ever since Nixon welched on the U.S. dollar in 1971 and took away this global reserve currency’s gold backing, currencies around the world have behaved like teenagers at a keg party without a chaperone.
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Bitcoin has indeed proven itself as a more enduring asset than many had predicted after the first few bubbles burst in 2013 and 2018, and there have been several high-profile institutional investors expressing interest in recent months. But we continue to believe that the comparisons between the...
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In this video, we talk about disastrous central bank policies, commodities, gold, bitcoin and how to best position yourself now. Gromen is considered as an absolute insider regarding the changes in the global currency system. In his publications, he shows why we are facing the biggest change in 8...
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A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.
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Egon von Greyerz and Matthew Piepenburg discuss recent, headline-making swings in the global gold market and political landscape.
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Deutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing.
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We take another deep dive into the lessons of history, math and objective facts as one year replaces another in a global market increasingly on edge.
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With zero interest rates, the government has locked savers into a trap from which it is difficult to escape, but it is to its advantage, since it can finance its budget deficit at a lower cost. How does it do this? We must begin by asking the question: Why do banks and insurers buy debt that brin...
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The smart money understands the difference between staying rich and getting rich. Physical gold, as a timeless (rather than trendy or passẻ) instrument of wealth preservation, serves as the historically-confirmed and surest way to ensure one’s wealth against the ravages of currency debasement.
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Gold and silver closed out their best years since 2010 following a year of unprecedented volatility brought on by the Covid-19 pandemic. What are the various factors that could influence the price of gold in 2021 ?
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Egon von Greyerz, Ronnie Stoeferle and Grant Williams discuss debt, inflation, “re-sets,” Bitcoin and thoughts on 2021. Looking forward, each share insights on: continued wealth disparity, the disconnect between rising markets and tanking economic conditions, vaccine hopes, capitalism’s “death” a...
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We are in the endgame! The endgame of central banks, the endgame of the monetary system and even the end game of the whole system. Grant Williams (ex-banker and investor) shares this view.
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Neither journalists, nor investors understand that gold doesn’t go up at all. Since gold represents constant purchasing power, it is not gold that goes up but the value of paper money that goes down.
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Gold, for its part, has an unrivalled track record in this category, it is simply number one. This is the best way to "flee" from money without going to an asset in a bubble situation, and thus risking collapse. It remains by far the best way to preserve the purchasing power of capital in the lon...
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Zombie companies are those with infinitely more debt than available cash, yet due to their size, enjoy unfair access to low-rate debt/capital and stay “alive” only by borrowing today to pay yesterday’s interest, and then borrowing tomorrow to pay today’s debt interest.
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Swiss gold imports and exports. Flows for November. Major trading partners.
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Egon von Greyerz and Matthew Piepenburg follow the trail from debt disasters and corporate bond bubbles to Bitcoin speculation vs. physical gold as the only true instrument of wealth preservation. Egon opens with the omni-important and omni present topic of global debt risk.
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The reasons for recommending gold as the ultimate form of wealth preservation cannot be fulfilled by Bitcoin. I have stated many times that BTC could be a spectacular investment and go to $1 million as for example Raoul Pal (RealVision) advocates. On the other hand, in my view, BTC could go to ze...
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Today, with central banks engaged in open Wall Street socialism wherein artificially repressed rates and unlimited QE have directly benefited the two largest asset classes in America, namely real estate and stocks, we can’t deny the cause-and-effect powers (as well as beneficiaries) of such “acco...
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In the current paradigm shift, gold will rise not because gold only rises in inflationary periods (after all, gold recently hit new highs in an openly deflationary global setting). Instead, gold will rise simply because currency purchasing power will tank (and is already tanking) as inflationism...
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