Publications

In short, global currencies are among the first dominos to fall in an artificial global economy sustained by grotesque levels of debt paid for by equally grotesque levels of fiat money creation. Inevitably, economies and markets fall in succession with their currencies. The historical cure for such...

The US election has finally taken place. During the campaign, both candidates have totally avoided the critical issue that will bring the US down in the next four years. The election campaign has been ugly but totally avoided the monumental problem facing the American people.

We are currently seeing a divergence between two fundamental commodities: oil is essential for economic growth, while gold is essential during a crisis. These two resources can therefore be considered as antinomic according to their main characteristic

Egon von Greyerz and Matthew Piepenburg respectfully discuss the available facts regarding COVID data and the viral impact on global economies as large parts of the EU brace for more lockdown measures.

Strong growth in global investment demand for gold in Q3 partly offset weakness elsewhere as COVID-19 remained in the driving seat.

Governments can limit the number of bankruptcies by distributing money to companies and paying unemployed workers, with euros printed by the European Central Bank, but this "sovietization" of the economy only postpones the deadline, and it can also lead to a wave of hyperinflation that would ruin ev...

The world will experience a LIFTOFF in markets of gigantic proportions. This will be the grand finale of this financial era. It will involve inflationary liquidity injections of proportions never seen before in history and lead to a massive explosion in many asset markets. Most investment assets wil...

Kristalina Giorgieva, current IMF director, gave a speech on October 15, which bore the promising title of "A New Bretton Woods Moment".

Gold is a political metal. “Whoever has the gold makes the rules,” as the saying goes. Because gold serves as the backstop of the international financial system, the global distribution of gold influences the balance of power. This is true for gold ownership, but it also applies to storage locations...

The history of gold bull markets (1971–80 and 1999–2011) shows that the most powerful gains come toward the end of the bull market, not at the beginning.

In this interview Egon von Greyerz answers viewer questions. Gold continues to correct, but mining shares send positive signals. China and Russia are buying a lot of gold and their power is growing. Do they even have 100,000 tons of gold each? A well-connected author asserts this. Digital currencies...

I suggest you buy your gold at current levels and ride the wave up to much higher levels. It’ll protect your wealth in the days ahead. Like every market, it will fluctuate. Nothing goes up in a straight line. But you want to focus on the longer term picture. And it looks very bright for gold.

If the IMF does not speak (for the moment) directly about using physical gold in this new system, the institution has however just announced that a new "Bretton Woods" was necessary to manage the post-crisis period and to restructure the debt of the G20 countries.

Morgan’s observation that “Money is gold, and nothing else,” was right in two respects. The first and most obvious is that gold is a form of money. The second and more subtle point, revealed in the phrase, “and nothing else,” was that other instruments purporting to be money were really forms of cre...

As global central banks’ balance sheets are exploding, with disastrous consequences, the Swiss National Bank (SNB) stands out as the “biggest hedge fund” and speculator in the world. Its balance sheet is over $1 trillion or 136% of Swiss GDP. The Fed balance sheet is 35% of US GDP.

Many years of loose and unconventional monetary policy have severely damaged financial markets and the global economy. Currently, central banks find themselves cornered, as the financial system is drowning in debt and addicted to ever easier money. Gold, however, provides multiple solutions.