The Modern Economy and the Tyranny of Time
The tyranny of time is a fact of life in the modern world. The fear of the future and of emptiness, ingrained in everyone, is exploited to turn time into a scarce commodity to be maximized.
Read articleThe tyranny of time is a fact of life in the modern world. The fear of the future and of emptiness, ingrained in everyone, is exploited to turn time into a scarce commodity to be maximized.
Read articleThe huge paper-gold bubble is about to burst, and short sellers find themselves trapped in a short squeeze. It is this phenomenon that has driven the price of gold steadily higher over the past year, and will continue to do so until gold reaches multiples of its current price.
Read articleJust over a year ago, I wrote that physical gold had become more reliable than Treasury bills, a trend now confirmed by Bank of America, which anticipates a potential replacement of Treasury bills by gold as a safe-haven asset, despite JPMorgan's reservations.
Read articleThe BRICS nations' New Development Bank is still a modest alternative to the World Bank and IMF, held back by limited capital, dependence on the dollar and imperfect governance. However, global rebalancing could work in its favour.
Read articleGold's appearance predates that of iron by several millennia, and coincides approximately with that of copper. It has also been established that the precious metal was used by certain civilizations even before the birth of writing. The history of gold never ceases to amaze, to the point where we...
Read articleThe U.S. is facing unsustainable debt and a weakening military, marking the potential end of its empire and ushering in a new era for gold as a safe haven.
Read articleUBS reiterates its recommendation to include a 5% allocation to gold in a diversified portfolio. In ten years, the price of gold in CHF has doubled: its performance against one of the world's strongest currencies is remarkable.
Read articleThe recent report by Mario Draghi, faithful architect of the European project, has the bold quality of reminding European nations of the economic decline they have been experiencing for over twenty years. But the problem arises when the former ECB President presents the measures to be adopted, pa...
Read articleWith the acceleration of the dollar’s (and other currencies) debasement and shift in Central Bank reserves out of dollars into gold, the revaluation of gold in coming years will be by multiples.
Read articleAugust began with a financial earthquake in Japan. The Nikkei experienced a "Black Friday" with a drop of almost -15%. It all began when the Bank of Japan (BoJ) decided to raise rates at its last meeting, ending the negative rate policy with a rise to 0.25%.
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