Financial crisis

Poland’s central bank wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, Governor Adam Glapinski said.

Central banks became net buyers of gold in 2010, just after the financial crisis, with gold remaining an attractive class of assets for central bank reserve managers. Amid the uncertainties associated with Covid-19, the yellow metal acts as a “safe heaven” that can be stored and sold in case of l...

The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market.

With pressures on stocks and bonds, the precious metals are falling in sympathy as often is the case at the beginning of falling markets. I have been stating for 20 years, that fundamentally gold and silver are in a very strong uptrend, supported totally by central bank’s destruction of paper mon...

This deluge of liquidity with no counterpart in the real economy produces bubbles (shares, real estate in particular), crashes, and eventually a bubble on all prices, i.e. inflation, then hyperinflation if things really get out of hand.

The macro stage is set. The genie is out of the bottle. The list of macro, fundamental and technical reasons to be long precious metals today is extensive. It is more than just a “short squeeze” in silver.

Our antidote to the dying paper wealth of all global paper currencies, of course is physical gold. This is no secret, and to some, perhaps even an illogical, and even outdated bias.

When a world already in trouble was hit by a severe financial crisis in September 2019, the dose of debt was already excessive. But as the Fed and the ECB opened the money spigots fully, they filled the world with poisoned or fake money. The BY team (Biden & Yellen) will now be certain to finish...

For the first time ever the total value of the U.S. equity market is worth twice as much as the real economy. A true financial bubble. Previous highs of the equity to GDP ratio were followed by significant gains in the price of gold. This time around I expect the gold price to rise as well.

The artificial control (repression) of yields and rates means cheaper debt, and hence more binge borrowing (and hence price inflation) on everything from over-priced homes to over-pumped stocks driven by easy and cheap debt rather than old fashioned things like, you know…profits and earnings.