History Repeating Itself
Ever since Nixon welched on the U.S. dollar in 1971 and took away this global reserve currency’s gold backing, currencies around the world have behaved like teenagers at a keg party without a chaperone.
Read articleEver since Nixon welched on the U.S. dollar in 1971 and took away this global reserve currency’s gold backing, currencies around the world have behaved like teenagers at a keg party without a chaperone.
Read articleBitcoin has indeed proven itself as a more enduring asset than many had predicted after the first few bubbles burst in 2013 and 2018, and there have been several high-profile institutional investors expressing interest in recent months. But we continue to believe that the comparisons between the dig...
Read articleA multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.
Read articleDeutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing.
Read articleWe take another deep dive into the lessons of history, math and objective facts as one year replaces another in a global market increasingly on edge.
Read articleWith zero interest rates, the government has locked savers into a trap from which it is difficult to escape, but it is to its advantage, since it can finance its budget deficit at a lower cost. How does it do this? We must begin by asking the question: Why do banks and insurers buy debt that brings...
Read articleThe smart money understands the difference between staying rich and getting rich. Physical gold, as a timeless (rather than trendy or passẻ) instrument of wealth preservation, serves as the historically-confirmed and surest way to ensure one’s wealth against the ravages of currency debasement.
Read articleEgon von Greyerz, Ronnie Stoeferle and Grant Williams discuss debt, inflation, “re-sets,” Bitcoin and thoughts on 2021. Looking forward, each share insights on: continued wealth disparity, the disconnect between rising markets and tanking economic conditions, vaccine hopes, capitalism’s “death” at t...
Read articleWe are in the endgame! The endgame of central banks, the endgame of the monetary system and even the end game of the whole system. Grant Williams (ex-banker and investor) shares this view.
Read articleNeither journalists, nor investors understand that gold doesn’t go up at all. Since gold represents constant purchasing power, it is not gold that goes up but the value of paper money that goes down.
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