Venezuelans just lost 46% of their purchasing power in a single day
Venezuelans have just been experimenting one of the risks associated with paper money. Actually, they just lost 46% of their purchasing power in a single day
Read articleVenezuelans have just been experimenting one of the risks associated with paper money. Actually, they just lost 46% of their purchasing power in a single day
Read articleMany large international banks, like Crédit Agricole, Commerzbank and UBS are announcing important losses for the last quarter of 2012
Read articleThe correction in gold prices in December doesn’t seem to have scared China, since it imported a record amount of physical gold in that month.
Read articleThe delivery requests from the COMEX for the month of February are reaching the astronomical amount of 43,26 tons of physical gold, or 1,391,000 ounces of gold to deliver.
Read articleThe Securities and Exchange Commission (SEC) has forbidden Egan Jones to publish its rating notes on States for 18 months (SEC’s announcement), a stupefying decision
Read articleSo, how do you hold gold ? In a mutualized account ? Do you really have access to your gold ? Can you touch it ? Do you know the exact serial number of your ingots ?
Read articleA currency system must be based on an indisputable money base that doesn’t bear the mark of one country. There is only one standard that meets those criteria and that must be gold.
Read articleIn Switzerland, four members of the Parliament started the « Swiss Gold Initiative » in March of 2012. This movement demands the repatriation of the gold held by the Swiss National Bank
Read articleJapan just crossed another hurdle in its escape ahead by monetization of its debt in what can be called a show of strength by the new Prime Minister, Shinto Abe, against Japan’s central bank.
Read articleSome investors are disappointed as gold only went up 7% in USD in 2012. After having compounded at over 19% p.a. over 11 years, gold certainly should be allowed to just gain 7% without some people calling an end to the bull market.
Read articleThere is very significant news that has barely made the headlines : Last week, the Fed has paid $89 Billion in benefits to the U.S. Treasury. It is 18% more than last year’s payment and it wipes out the $79 Billion 2010 record
Read articleEgon von Greyerz told that Swiss gold refiners have been overwhelmed with orders for physical gold and buyers are now experiencing major delays in deliveries.
Read articleIn this interview by Fabrice Drouin Ristori, Egon von Greyerz explains why it's important to own gold outside the banking system and why gold is not in a bubble.
Read articleIncredibly, banks’ wishes have come true in the very first week of 2013 ! Should we rejoice ? Well, not really, because one of the main dispositions of Basel III, where prudential norms of the world banking sector are being discussed, has been emptied of its substance. The crisis of 2008 has show...
Read articleThe answer to our actual crisis goes through a return to « sound » money. Not necessarily a gold standard, which would be too brutal, but at least we should let gold circulate as real money alongside the fiat currencies
Read articlePrices have dropped in the days following the QE4 announcement, and there is normally no more positive news for the precious metals than the announcement of massive money printing.
Read articleThe aim of this article is to explain the differences between investment solutions offering direct ownership (allocated) and mutualized (non-allocated) ownership of physical gold.
Read articleThe Fed has decided, last week, to extend its quantitative easing (QE) policy. The US central bank is back with pure monetary creation
Read articleAlthough gold (and silver) didn’t go up in the last couple of days, it is absolutely guaranteed that the continued destruction of paper money will lead to substantially higher prices in the precious metals
Read articleThe fundamental and technical picture could not be better for gold and silver. Most governments’ deficits are escalating at a fast rate. Money printing worldwide is likely to accelerate rapidly and could reach exponential rises in the next 1-3 years.
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