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Gold’s Role in a Changing Financial System
Published by Egon Von Greyerz | Nov 29, 2021 | Articles 565

Egon and Ronnie discuss their individual journeys toward recognizing the timeless, paramount, yet oft ignored, role that gold plays in intelligent wealth preservation and risk hedging in a market landscape that is becoming increasingly centralized. As Ronnie observes, real capitalism requires failure, or what the Austrian School of Economics would describe as “constructive destruction.”

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ECB Loses Control Of The Situation And Looks For Scapegoats
Published by Philippe Herlin | Nov 25, 2021 | Articles 8339

The ECB is making a mockery of the world: it is shirking its responsibilities (printing money, zero interest rate), it is being lax with the banking system (insufficient capital), it refuses to recognize the damage it is causing (bubbles in equities, bonds and real estate), it refrains from lecturing governments with chronic deficits (France, Southern Europe), it is displaying objectives that are not within its direct competence (climate), and it is designating scapegoats in the event of a crash! Signs of loss of control and the beginning of panic.

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Backwardation On All The Metals
Published by Laurent Maurel | Nov 24, 2021 | Articles 7521

These interventions on the futures markets now only have very transitory effects, and at the same time, they are reinforcing the tensions on the physical side. Each enforced correction on the paper market prompts a veritable run on the physical metal. This holds true for the entire metals compartment (whether precious or otherwise), with all the metals finding themselves in backwardation with each new raid.

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Gold-O-Mania Is Coming
Published by Egon Von Greyerz | Nov 18, 2021 | Articles 5593

Over the next couple of years we are likely to see a stampede into gold by institutional investors which need to have some inflation protection in their portfolios. But even if they increased their assets in gold from 0.5% to 1.5%, there will not be enough gold in the world to satisfy the extra demand. This type of increase in gold demand can only be satisfied by much higher prices, creating a gold mania.

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