BRICS

Regardless of whether the new monetary system is tied to digital currencies or not, there is no escaping the spiral of money printing and deficits that has gripped most of the world, and so a disorderly collapse is likely.

Acting straight away on the rates would have an even more devastating effect on the system as a whole. This is the impasse that the central banks have now got themselves into, in their interventionist policies. Acting straight away will break the engine. That’s what the math is telling us. Gold a...

What happened this morning very strongly looks like a “cleaning” of stop losses and “weak hands”. Another positive argument that militates for gold (and incidentally silver) is that real rates are diving.

The true price of gold and silver will be the one that is displayed after the shift from paper to physical. The current price reflects precisely the preponderance of the financial market over the market for real assets. But for how long?

Time is now the monetary authorities’ enemy, in contrast to the other interventionist phases in which the inflation was under control. The longer these authorities delay acting, the further the rise in prices will spread. And the longer they wait, the more the risk of an urgent intervention to br...

The sales of futures on the COMEX market, now seen almost every day, are colliding with a background trend for the purchasing of gold by the other central banks, which are starting to lose patience and want to cover themselves in relation to the risks of devaluation of their assets in terms of st...

In the short term, the paper gold market certainly harms the only genuine gold market which is physical. But artificial markets or instruments have never survived in history. Just look at the fact that every fiat currency in history which has failed. And so will paper gold. It is only a matter of...

The British government sought Monday to prevent Venezuelan leader Nicolás Maduro from gaining access to nearly $2 billion of gold held by the Bank of England as the U.K. Supreme Court started hearing a case that hinges on the question of who should be considered the Latin American nation’s presid...

Like many fixed-income securities, the gold prices are completely detached from supply and demand. The mechanism for determining prices is distorted by ‘tools’ that enable the monetary authorities to alter the perception of their inflationary monetary policies.

As sympathetic as the Wall Street Silver movement is and as effective as it is in drying up the retail supply chain, it is the Basel III rules that will revolutionize the silver wholesale market and the global demand for photovoltaics, which is going to push prices upward at the end of 2021 and m...