Publications

The Interest Rate Revolution

Published by Julien Chevalier | Dec 12, 2023 | 8181

The interest rate hikes implemented by central banks since the resurgence of inflation have appeared to be the norm. However, it is a revolution in the making. After decades of falling rates, they are now rising sharply, raising fears of unprecedented financial and economic risks.

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Record Gold Price, an Alert?

Published by Philippe Herlin | Dec 7, 2023 | 13748

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 in...

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The Financial System Has Reached The End

Published by Egon Von Greyerz | Nov 29, 2023 | 9027

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window. Again, remember von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.”History tells us that...

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Threats to Refinancing of Private Debt

Published by Laurent Maurel | Nov 23, 2023 | 10650

Even if the situation regarding private debt is not problematic at the moment, 2024 is likely to be a very different story: the wall of private debt is much harder to break through than the wall of public debt. These U.S. debt risks are the main reasons why gold prices are so high. The closer we get...

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Dollar Plummets on Prospect of Fed Pivot

Published by Laurent Maurel | Nov 16, 2023 | 10412

The hope of a "pivot" by the Fed curbed the appreciation of the dollar, which had just set an all-time record against the Japanese yen. The depreciation of the dollar is benefiting the gold price, which is once again approaching its $2,000 resistance level.

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Is the Price of Gold Correlated with the Markets?

Published by Thomas Andrieu | Nov 7, 2023 | 11461

Is the price of gold linked to other markets? Conversely, is the price of gold independent of market trends? This question is all the more important as gold is often perceived as a "safe-haven" asset, capable of behaving independently of other markets. In this paper, we will focus on the short-term,...

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