Financial crisis

Janet Yellen admitted that "cash in not a very convenient store of value"

“Financial repression” destroys the economy from within. When an over-indebted country is unable to reduce its deficit (or refuses to do it in order to continue financing its voting constituency) it exposes itself to market defiance and fleeing investors. In spite of that, in order to avoid this...

The media silence should be noted regarding those bankruptcies in Austria, Germany, Andorra (always coming with the risk of contagion) and maybe Greece...

The US divisions of Deutsche Bank, the Germany's biggest bank, failed a crucial stress test on Wednesday. Deutsche Bank is the bank with the most exposure to derivatives in the world...

No, the crisis is not over and, from now on, banks will be bailed out by shareholders, bond holders and savers, and it will all be legal. Be warned.

Let’s follow Alan Greenspan’s advice and be certain that, once the – very abrupt – exit from the QE plans is realised

Gold went up from 10,000 Zimbabwe dollars up to 37 billion Zimbabwe dollars.

Alan Greenspan thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.

The control the commercials and the COMEX manipulators have is very depressing for the gold market investor.

Belgium is planning to retrieve 200 metric tons of gold, deposited to United Kingdom storage in the 1930s.