Financial markets

Devaluation of major fiat currencies versus gold since 1900. The dollar devalued by 98.4% to gold.

With a sharp drop in GDP and an unprecedentedly high level of bank notes, we are entering the scenario we analyzed on February 6: money printing + fall in output = hyperinflation. Both mechanisms are, in our view, necessary for price slippage to occur, and here we are. Inflationavirus is coming.

As I have outlined in many articles, stocks, bonds and property will lose 90-99% in real terms, against gold, in the next few years. Many bonds will lose 100%. And paper money will lose 100%.

Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year’s near-record purchases.

A Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history. And this time it will be global. Hyperinflation will spread from country to country like Coronavirus.

With the ongoing financial meltdown, demand for precious metals has exploded while at the same time, supply has abruptly dried up. Prices will not stay long at current levels. Expect some great surprises in May-June.

Faced with the coronavirus crisis, the central banks went into "open bar" mode: in the United States, the Federal Reserve announced on March 3 an injection of $1.5 trillion coupled with a cut in its key rate to zero, while the European Central Bank followed with the announcement on March 19 of a...

With very little physical available and demand substantial, there is soon likely to be pressure on the paper market. Investors who have bought gold and silver futures will be concerned of the contracts being honoured and ask for delivery. What we are seeing now is probably the beginning of the en...

Gold bullish wedge breakout. $1700 next.

The system is bankrupt… The system is broken and bankrupt. This did not start now with the Coronavirus. It didn’t start in August and September (of 2019) when central banks said we would do everything we can with the Fed QE, repos and the ECB (European Central Bank) QE…