
Your Money In The Bank Will Be Gone or Worthless
For anyone who has money in the bank today, it is virtually guaranteed that in the next 5-7 years either the bank will be gone or the money will be worthless, or probably both.
Read articleFor anyone who has money in the bank today, it is virtually guaranteed that in the next 5-7 years either the bank will be gone or the money will be worthless, or probably both.
Read articleGerman Munich Re which is roughly twice the size of Berkshire Hathaway Re, is boosting its gold reserves and buying gold in the face of the punishing negative interest rates from the European Central Bank, it announced today.
Read articleGold is in a hurry and is unlikely to wait for investors to acquire it at anywhere near these prices. We could now see a quick move to $1,400 and if gold doesn’t stay too long at that level, the acceleration is likely to continue towards the previous high of $1,900.
Read articleArgentina is now in yet another period of hyperinflation. Since 2001 gold has appreciated 9,000% against the Peso. And just in the last 12 weeks, gold has gained 90% in Pesos. This is an excellent example of hyperinflation being caused by a collapsing currency.
Read articleBlackRock's Gold ETF (IAU) has seen fund inflows every day in 2016 (no outflows at all) and with the stock trading above its NAV for most of the year, the world's largest asset manager has made a significant decision: *BLACKROCK SAYS ISSUANCE OF GOLD TRUST SHARES SUSPENDED *BLACKROCK SAYS SUS...
Read articleOne month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the coun...
Read articleCentral Bank heads believe they are magicians who can wave their magic wand to create whatever economic conditions they desire. But the problem is that they are consistently wrong in their assessment of the economy so they don’t know what to do with the wand.
Read articleDeutsche Bank is bankrupt. China’s $30 trillion credit bubble will implode. Most banks will not survive. Banks stocks are down 20-50% this year and credit default swaps are surging in price. Hedge funds and speculators are losing fortunes on a surging yen. Short Yen was a guaranteed winner. But t...
Read articleThe Big Short consists in acquiring physical gold and waiting, knowing this could be lucrative in the short term if stock markets keep on falling, or will be lucrative longer term if central banks keep on printing paper money.
Read articleHere are the key points raised in this interview with Nomi Prins: International codependency of countries Have central banks reached their limit? Are central banks in panic mode? Too big to fail banks Gold and the potential ban of cash Gold vs the US dollar &nb...
Read articleBoth Iran and Saudi Arabia are to be watched closely as it concerns official gold reserves in 2016. Pressure has been mounting recently on Saudi Arabia to de-link the riyal from the US dollar and, if it happens, I am sure it will be positive for gold.
Read article2016 is off to a very bad start for the stock markets worldwide: they have lost approximately 10% of their value since January 1st, one of the worst starts of a year in stock market history. Since their peak of last June, stock markets worldwide have declined by 20%, according to Bloomberg, which...
Read articleThe 40 million ounces of gold open interest and the record low 74 thousand ounces of registered gold imply that as of Monday's close there was a whopping 542 ounces in potential paper claims to every ounces of physical gold. Call it a 0.2% dilution factor
Read articleGold's rise in foreign currencies since the year 2000 - by majors & by region
Read articleHyperinflation has nothing to do with demand but is the effect of economic mismanagement leading to money printing and currency collapse.
Read articleThe 2008 financial crisis marks the return of gold into the international monetary system. It is also the beginning of currency wars. 2008 is also the year central banks stopped selling gold reserves and instead started buying. In this currency wars that will lead to a reset of the inte...
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