Financial crisis

Despite the clear “suckers rally” in risk assets, Egon discusses the relative outperformance of gold vis-à-vis exchanges like the DOW while warning of the inevitable (hyper-) inflation to come, using none other than the “Big Mac Indicator” to make this reality all-too clear.

Egon von Greyerz and Grant Williams address global market risks, the now total disconnect between the recent price rise of risk assets and the current collapse in economic and social signals. They obviously also cover the role of gold as a historically consistent solution to both inevitable marke...

Why gold? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply by saying, “It’s not a rock, it’s a met...

History repeats itself with staggering similarity. The Crises of the 3rd Century and today have much in common. All empires have the seeds of their own destruction within them. So if we look back almost 2000 years to the Roman Empire we will find exactly the same symptoms as today.

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in wort...

To what extent will European banks withstand the current crisis? This is a crucial question because the recession we are experiencing could be followed by a banking crisis that would affect the whole economy even more severely. A CEPII study, entitled "European Banks and the Covid-19 Crash Test",...

Venezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of gold, claiming it needs the money to fund an appropriate response to the coronavirus pandemic.

How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality.

The financial crash of March allowed the silver to go to make its pull-back on the resistance, which came from the summit of 2011, and had been crossed on June 18, 2019.

The ruling of the Federal Constitutional Court sets Germany against the EU. A planned crash? Southern Europe cannot exist without tourism. But the bang will probably come from the US, which despite huge QE programmes is plunging into a depression that will make the 1930s seem small.