The Gold Maginot Line Will Soon Break
There are a number of critical factors that will soon lead to the crossing of the Gold Maginot Line at $1,350.
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There are a number of critical factors that will soon lead to the crossing of the Gold Maginot Line at $1,350.
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One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability to read the economy. The clueless Fed overslept and realised a few years too late that the US economy...
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The astonishing Fed again proved the consistency of its inconsistency. Since its creation in 1913, and especially after WWII, the Fed has always been behind the curve. It is hard to believe that this is just incompetence. The recent change of policy hardly seems to be part of a plan but rather a...
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Economies work best when currencies are stable in value. Once we know what the goal is, we then look for a way to achieve it; and the best way has always been to base a currency on gold. Nobody has found a better way, even in the form of a proposal; and nobody has ever needed to find a better way...
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The lack of audits and the massive trading of paper gold, does point to the fact that there is something more sinister going on in the gold market. This is all likely to be revealed when the real pressure on the dollar starts and gold rises fast. At that time paper holders of gold will ask for de...
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We are now in the very final stages of the most remarkable era of alchemy in the history of finance. This cycle started in 1913 with the creation of the Fed and had its death knell in 1971 when Nixon took away the gold backing of the dollar.
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The German government, usually against any form of interventionism, is pushing toward a merger between Deutsche Bank and the country’s second largest bank, Commerzbank.
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Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only...
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The risk of holding cash or gold in a bank is increasing continuously. Later on I discuss the difficulties bank clients encounter in taking money or gold out of their bank.
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Owning gold is life insurance and wealth preservation. Anyone who has lived through hyperinflationary periods in the Weimar Republic, Zimbabwe, Argentina or Venezuela understands the importance of gold. But it is not enough just to own gold or silver. It is also extremely important how you hold i...
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