Financial markets

Clearly Europe is fragile – this is where one has to look for risks of price slips, sudden interest rates hikes, overblown balance sheets...

The world is now between Scylla and Charybdis or between two evils. Thus, there is no solution or positive outcome of the present state of the world economy. Scylla is the rock or the six headed monster whilst Charybdis is a whirlpool or a black hole (a hard place).

Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold was accompanied by a rapid rise in the gold futures open interest on the COMEX. The “commercial” – aka “the banks” – net short position in COMEX gold futures has increased by 100,000 contracts (from 12...

Welcome to 2018 – a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite.

Gold’s outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.

Many investors in gold say the price of the precious metal is artificially curbed because of the paper gold trading on Western exchanges.

The French like to denounce American capitalism and mock its excesses and instability, especially in the financial sector. Nevertheless, when one looks at the data from the large banks on both sides of the Atlantic, it becomes clear that the most risk is actually with France.

For anyone who wants to preserve wealth, now is a good time to sell cryptos and buy gold. It could turn out to be the trade of the century. But even if it isn’t, there is no better form of insurance against the coming global problems than physical gold and silver.

Rickards expects gold to go to $10,000 an ounce as some central banks may have to resort to the gold standard to restore confidence in the markets.

11 tonnes of gold for a painting will probably not be beaten for the next 100 years or more. In the next 4-8 years, that painting can probably be bought for much less than 1 tonne of gold, more probably for 110 kilos or less (110 kg gold is today worth $4.5 million).