The Biggest Wealth Transfer In History
Investors who ignore the importance of gold will see their paper assets decline by up to 98% in real terms.
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Investors who ignore the importance of gold will see their paper assets decline by up to 98% in real terms.
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The price of gold could then rise to $3000 an ounce while the gold/silver ratio collapses at the same time. For silver, this would mean significantly higher price gains in percentage terms; a doubling of the price within a few quarters is quite conceivable, says Newmeyer. For a time horizon of th...
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The decline in demand for the US currency is taking place at a time when the risks of the Fed's failure to combat inflation are threatening the intrinsic value of the dollar. Gold is therefore likely to be the winner of this monetary devaluation. This is undoubtedly what American buyers of physic...
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In case Russia wanted to truly extricate itself from the current "dollar reserve" world, it should unveil a gold-backed currency, one which is co-sponsored by the Chinese yuan, which would then also announce unveil it is becoming gold-backed.
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The commodity futures market has been experiencing a shock that calls into question its functioning and integrity. Physical gold regains the status of a priority investment in such a context.
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In a crisis of this magnitude, I would stay away from paper assets including ETFs of any kind. It is clearly imperative to have physical metals stored outside the financial system. And remember not to measure your wealth or your gold in worthless paper money. Instead measure your gold and silver...
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The level of inflation is even higher than during the last oil shock in the 1970s. This environment is very favorable to gold. Let's look at the effects of inflation on the real estate market.
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As we slowly emerge from the Covid parenthesis, is a real rise in policy rates on the horizon? We can doubt it. The ECB will follow and not take the initiative, as usual. The rise in rates will therefore be very limited. Therefore, inflation is here to stay...
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Putin continues his fight against the dollar, at an opportune moment. His ambition is clear: to overthrow the U.S. dollar hegemony. The Russian central bank now has more gold than dollars. Russia continues its massive purchases of gold, and avoids transactions in US currency with its trading part...
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In a free market, without manipulation, such a strong demand for money would have raised the cost of borrowing to the levels in 1980-81 i.e. near 20%. Instead, the Fed Wizards are performing their hocus pocus with fake money and fake rates. Without their Wizardry, it would have been impossible fo...
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