Rates

Gold is in a hurry and is unlikely to wait for investors to acquire it at anywhere near these prices. We could now see a quick move to $1,400 and if gold doesn’t stay too long at that level, the acceleration is likely to continue towards the previous high of $1,900.

Argentina is now in yet another period of hyperinflation. Since 2001 gold has appreciated 9,000% against the Peso. And just in the last 12 weeks, gold has gained 90% in Pesos. This is an excellent example of hyperinflation being caused by a collapsing currency.

Central Bank heads believe they are magicians who can wave their magic wand to create whatever economic conditions they desire. But the problem is that they are consistently wrong in their assessment of the economy so they don’t know what to do with the wand.

Deutsche Bank is bankrupt. China’s $30 trillion credit bubble will implode. Most banks will not survive. Banks stocks are down 20-50% this year and credit default swaps are surging in price. Hedge funds and speculators are losing fortunes on a surging yen. Short Yen was a guaranteed winner. But t...

The Big Short consists in acquiring physical gold and waiting, knowing this could be lucrative in the short term if stock markets keep on falling, or will be lucrative longer term if central banks keep on printing paper money.

Here are the key points raised in this interview with Nomi Prins: International codependency of countries  Have central banks reached their limit? Are central banks in panic mode? Too big to fail banks Gold and the potential ban of cash Gold vs the US dollar &nb...

Both Iran and Saudi Arabia are to be watched closely as it concerns official gold reserves in 2016. Pressure has been mounting recently on Saudi Arabia to de-link the riyal from the US dollar and, if it happens, I am sure it will be positive for gold.

Gold's rise in foreign currencies since the year 2000 - by majors & by region

Hyperinflation has nothing to do with demand but is the effect of economic mismanagement leading to money printing and currency collapse.

  The 2008 financial crisis marks the return of gold into the international monetary system. It is also the beginning of currency wars. 2008 is also the year central banks stopped selling gold reserves and instead started buying. In this currency wars that will lead to a reset of the inte...