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The idea that an increase in the quantity of money in circulation has no impact on prices is historically and mathematically wrong. As we will detail exclusively here, it is important to understand the mechanics that link money creation and inflation over time.

The situation on futures is totally disconnected from what is happening on the physical market and this concerns all precious metals: physical demand remains very strong on gold and silver, but also on platinum.

Fool’s Gold comes in many guises, whether it is in fake paper money, Ponzi investment schemes, fake and manipulated gold derivatives, Bitcoin or just fake gold discoveries in Uganda, all of which are discussed in this article.

While overall LBMA inventories shrunk by 17.9% in recent months, we may wonder how much real physical silver is for sale in the London market.

In May, central banks reported adding a net 35t to global gold reserves. This is the second consecutive month of net buying, having recently oscillated between monthly net purchases and sales.

This is the paradox of this unprecedented situation: the collapse of demand is leading speculators to open bearish positions on metals, at the very moment when the energy crisis is threatening available stocks!

"How inflation increases the cost of debt for the state", headlines Les Echos on June 30. So, the general belief is that a good wave of inflation will wipe out debts, but this would not be the case after all?

As public debt in the eurozone approaches 12 trillion (95.6% of GDP), the single European currency has never been so threatened by structural instabilities. On the one hand, the ECB's key interest rate changes are increasingly inappropriate for such a differentiated monetary union. On the other h...

The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late. The massive money creation by central and commercial banks in this century has resulted in a growth of...

What if the fight against stagflation is only just beginning? Gold is the safe haven asset par excellence in case stagflation takes hold, especially since the supply of physical gold is decreasing.

To cope with historically high inflation, central banks are gradually ending "free money." The era of abundant liquidity seems over. But for how long? The consequences of a normalization of monetary policies are already being felt in the markets. However, monetary institutions do not seem to be r...

On Sunday the Biden admin alongside the G-7 announced that they will ban Russian gold imports to "further impose financial costs on Moscow for its invasion of Ukraine."

With most asset classes falling rapidly, the world is now approaching calamities of a proportion not seen before in history. What few investors realise is that this is the mere beginning. Before this bear market is over, the world will see 75-90% falls of stocks, bonds and other assets. For the f...

Much like the 1940s, many developed market central banks are trapped. They can’t raise interest rates persistently higher than the prevailing inflation rate, and instead are stuck with slowly moving interest rates up, jawboning forward guidance, yield curve control, and trying to inflate some of...

Historically, the European and North American economies have been closely linked. The figures show comparable growth rates and standards of living, even if the United States has always kept a lead over "old Europe". The current crisis, with the return of inflation and the war in Ukraine, crystall...

Over the past fifty years, sharp declines in consumer confidence have always coincided with periods of gold buying. It is almost as if gold is anticipating fiscal or monetary intervention in response to this famous engine failure.