Dedollarization

There will likely be a "Sharia Gold Standard" in place by the end of the year. This will clarify and streamline gold-investing rules for Islamic finance. As a result, gold could soon become a viable investment option for the Muslim world's 100 million active investors.

The earthquake has happened: Donald Trump is president-elect of the United States of America. Quite an enormous “black swan”! What should we expect now? On the one hand, Trump’s victory seems like a formidable denial of the economic lies being spread since the 2008 financial crisis: no, unemploym...

Shanghai Gold Exchange and Dubai Gold and Commodities Exchange signed an agreement on Friday in Shanghai which makes the DGCX the first foreign exchange to use the SGE's renminbi-denominated gold benchmark.

As the gold market takes a break in its journey to much higher levels, it is good to step back a bit and understand why gold has appreciated so dramatically in the last 100 years and why this will continue for many years to come.

We can’t help but see also the beginning of a flight away from the currencies. And, besides, those countries (China, Middle-East countries) are indeed big buyers of gold, whether through their people or their central banks.

In a hyperinflationary period gold will reflect the devaluation of paper/electronic money while in a deflationary period it will reflect the collapse of the banking system and people will resort to gold as in extremis money again.

The mistake that most people make is to measure gold in US dollars. Gold in pounds for example is only 8% from the September 2011 peak.

2016 is shaping up as the year when countless conspiracy theories will be confirmed to be non-conspiracy fact: from central bank rigging of capital markets, to political rigging of elections, to media rigging of public sentiment, and now, commercial bank rigging of silver.

The selling of gold we saw last week was another desperate attack by the BIS and some central banks, together with the bullion banks, to manipulate the gold market lower.

Today, we might be standing at another historical peak in the global economy. There are certainly many similarities like deficits, debts and decadence. Just like the Roman Emperors, current leaders have illusions of grandeur of a magnitude that the world has never seen before.