Tuesday “There seems to be a correlation between the intensity of the official attacks on Gold and the severity of the monetary crisis.” Hans F. Sennholz We’re experiencing a wonderful ‘correction’ in the dollar price of Gold as I write this. If you’ve been sitting on any dollars, now is the time to leap into action and exchange them for Gold. Unless … [Read more...]
Thursday The markets are manifesting an exuberant and giddy blend of hope and fear. The primary cause is the seemingly bottomless credit being pumped into the system. Crypto Mania (CryMan) will end up more famous than Tulip Bulb Mania as an example of group nuttiness. The problem is that either the credit will stop, or that the credit will become greatly … [Read more...]
What’s Happening to the Price of Gold?
Thursday With the US$ (and other currencies) gaining in strength in the last 36hrs, I’ve been busy answering my phone and emails. “What’s happening to the ‘price of Gold’?” I’ve almost given up trying to explain that Gold is a store of stable value and that it is the currencies that are going up and down as measured by Gold. It is because they cannot grasp that … [Read more...]
Venezuelan Bolivar – Buy and Hold (joke)
Tuesday For as long as people continue to believe that the value of Gold is measured in dollars, then they will fail to grasp the fundamentals of not only money, but what is happening in the world. Central Bank approved Graph – Price of Gold in Au$s Reality Graph – Price of Au$s in milligrams money Yes, the ‘price of Gold’ is going up in terms of Au$s, and most … [Read more...]
On the Dollar Price of Gold
Friday This article was in the Financial Review a few days ago. I was asked to comment. Going straight past Jim Rickards’ falling interest rates are the solution bit (no they're not, they're the problem), his prediction for the fiat price of gold is an estimation based on a false premise. There will be a long continuance of price deflation before we hit … [Read more...]