Forward Guidance : Another Aspect of Central Banks Going Off Course
« Forward Guidance » is the new « in » phrase with central banks. It is supposed to reassure the market a few years in advance so that it can « anticipate » properly.
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« Forward Guidance » is the new « in » phrase with central banks. It is supposed to reassure the market a few years in advance so that it can « anticipate » properly.
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The Bank of England refuses to explain what appears to be a huge discrepancy in its accounting of the gold it holds in custody, a difference of as much as 1,200 tonnes
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On Sunday it was incorrectly reported that the JP Morgan Gold vault on Broad Street had caught fire. Let me categorically state that even the world's best pyromaniac would most likely fail burning down a Gold vault. And let me explain why it is virtually impossible....
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While owning precious metals will be a very wise store of wealth and investment in the future, silver will actually turn out to be the “King of Investment Gains.” A good barometer of the retail gold and silver market is shown by the eagle sales at the U.S. Mint.
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Is there still « real » price discovery, today, and in which markets? This manipulation of interest rates by the central bank affects all prices, the same way price controls do in centralized states
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There is an ongoing clash between the forces of paper supply and physical demand – paper supply has won the latest round, but its objective of satisfying and slaking demand for the real metal has failed entirely.
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Grant Williams provides an all-encompassing collection of the facts, explanations, charts, and data of the whats and whys of recent gold price action
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Rabobank has just followed in the footsteps of ABN Amro which effectively defaulted by halting deliveries of gold bullion in April, as the Dutch bank will close customers’ gold accounts effective September 1st!
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The situation is untenable in Japan and can only be contained in the States and the Eurozone if rates go just slightly up.
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It is absolutely imperative for investors not to worry about the short term irrational moves of markets and not to listen to government figures or central bankers who make political statements that bear no resemblance to their actions
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The gold is gone. It’s been hypothecated and rehypothecated. Not only do the Fed and the U.S. Treasury not own 8,000+ tons, they probably own nothing.
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Gold has played a central and positive role in human history since the dawn of civilization. Speech given by Ferdinand Lips at the University of St. Gallen on 24 June 2004 as part of the International Finance & Security lecture series.
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Investors must remain calm and keep a critical mind permanently. They have to go beyond the big media noise. And now is really not, really not the time to sell one’s gold.
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Investors should simply ignore the paper smash and continue to accumulate physical gold and silver because in the end the physical market will prevail.
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Think Your Money is Safe in an Insured Bank Account? A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money.
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Weirdly enough, the media didn’t dwell on this amazing issue, and the TV people didn’t even talk about it in their news bulletins. Of course, it’s about one of Europe’s most powerful man, Mario Draghi, head of the European central bank.
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