Financial crisis

We’ve said it before... but here we go again : THERE IS NO RECOVERY OF THE AMERICAN ECONOMY! There. This « recovery » has been touted these last few months with the mass media repeating it ad nauseam, and « no one should doubt it ». And quarterly growth numbers seemed to...

As the monetary crisis accentuates, a radical shift in economic thinking and the role of gold in wealth management will occur. It seems illogical to me to consider debt (bonds) safer than a real asset having demonstrated its role of preserving value for more than 5,000 years.

In the newspapers, one can read a lot of stupid things about gold. They say that gold needs inflation in order to go up. They say that gold moves in an opposite direction to the dollar. Those things are true sometimes, but not always. There is no mathematical relation between the two. They say t...

The Fed has started tapering its QE. From $85 Billion a month, the monetary press slowed down to $75 Billion a month, last month, and then down to $65 Billion a month. Ben Bernanke might have left his successor with a poisoned gift

The Fed was created by private bankers for the benefit of private bankers and today, 100 years later, they have been more successful than they could ever have imagined in 1913.

JPMorgan owned $65.4 billion, or just over 60% of the total notional ($108.2 billion) of all gold derivatives in the US

Some recent charts by Nick Laird on the OCC Precious Metals Derivatives. All PM Derivatives & Gold Derivatives in Tonnes - All Maturities

The specter of a crisis in emerging countries is back. A veritable tsunami is sweeping through their currencies : The argentine peso has lost 20% to the US dollar since the start of the year, the turkish pound has lost 30% over the last twelve months. The mexican peso, the brazilian real and the...

Egon von Greyerz discusses the demise of the dollar and other currencies as well as the coming 90% fall of stock markets versus gold

Charts by Nick Laird. Gold vs Argentine Pesos, Gold vs Turkish Lira & Gold vs Syrian Pound