Financial crisis

My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever.

There are a number of critical factors that will soon lead to the crossing of the Gold Maginot Line at $1,350.

China, having itself announced its desire to see Keynes' BANCOR set up, knows that the solution to resolve the huge imbalance in Sino-American trade is to revalue the yuan and devalue the US dollar.

There has been a lot of publicity about central banks having bought substantial amounts of gold in 2018, in total 651 tonnes which is the highest in 50 years. In relation to this gold story about central banks, it is not that they bought gold which is the real news. The important point is who bou...

The question is not a crazy one: GAFA are investing in banking services, as well as a lot of FinTechs.

Will the average stock portfolio gain 1,900% to make up for the coming 95% fall? This is the unenviable task that investors will be facing in years to come.

Gold’s next move up is not far away. There is still a short time when gold and silver can be bought at reasonable prices. But we are already experiencing supply problems in silver. So there is not much time left to acquire proper wealth protection in physical precious metals.

Households in Germany have lifted their holdings of gold, meaning, along with the central bank, the country now holds 6.5 per cent of worldwide gold reserves.

One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability to read the economy. The clueless Fed overslept and realised a few years too late that the US economy...

The former number two of the New York Stock Exchange is certain. We must prepare for an unprecedented global financial crisis before the end of 2020.