Central banks

In the newspapers, one can read a lot of stupid things about gold. They say that gold needs inflation in order to go up. They say that gold moves in an opposite direction to the dollar. Those things are true sometimes, but not always. There is no mathematical relation between the two. They say t...

Paper gold sellers (probably banks like HSBC or JP Morgan) decided (jointly?) to hit the market hard on April 12 and 15, and on June 20 and 26, with so much selling that the effect on the price had to lead to a brutal collapse. On those four days of smashdown, the price of gold fell by $340! It s...

The loss of confidence towards central banks and their gold reserves constitutes the first step of the end game between physical and paper gold. Then investors will lose confidence in certain ETFs like GLD. And the game will end finally with the loss of confidence in the current fiat money syste...

Until 2011, each time gold seemed to be surging up there would be a correction, which is the mark of a sound bull market. On the other hand, from a fundamental point of view, or from a portfolio allocation or psychological point of view, gold was far from filling the criteria of a bubble.

The Fed has started tapering its QE. From $85 Billion a month, the monetary press slowed down to $75 Billion a month, last month, and then down to $65 Billion a month. Ben Bernanke might have left his successor with a poisoned gift

Egon von Greyerz discusses the demise of the dollar and other currencies as well as the coming 90% fall of stock markets versus gold

We are aware of the currency wars, but we are a lot less familiar with the gold wars raging between the East and the West and, more particularly, between China and the United States.

The evidence of gold price manipulation is clear. In this article we present evidence and describe the process. We conclude that ability to manipulate the gold price is disappearing as physical gold moves from New York and London to Asia, leaving the West with paper claims to gold that greatly ex...

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

What kind of game are the banks and the states playing? Here are four news items that should alert anyone still having faith in the european banking system.