RSS

Advertisement

» silver

  • They’re Lying To Us, Part IV: Fake Pensions
    By on July 22, 2014 | No Comments  Comments
    Most people learn by the age of 10 or so that making promises is easier than keeping them. That’s why really big promises like corporate pensions and national retirement/health care programs are so easy to screw up. Offering someone a cushy retirement or a lifetime of healthcare feels great and ge...
  • They’re Lying To Us, Part II: GDP
    By on July 2, 2014 | No Comments  Comments
    Today the US took its next-to-last stab at calculating First Quarter GDP, and the downward revision was impressive even by recent standards. It now appears that the economy, well, here’s how Bloomberg puts it: U.S. Economy Shrank in First Quarter by Most in Five Years The U.S. economy contracted ...
  • Gold Bugs’ Hearts Are Beating Faster
    By on June 27, 2014 | No Comments  Comments
    Last Thursday was the kind of day that precious metals investors have been waiting (and waiting and waiting) for. Gold and silver popped 3.5% and 4.8% respectively and the junior miners, which have been universally unloved lately, took off. Some more-or-less random examples: One day does not of cou...
  • The Bubble Is Back
    By on June 11, 2014 | No Comments  Comments
    For all those analysts (including this one) who thought the debt binge of the previous decade marked end of the Age of Leverage, well, not so fast. It turns out that memories are short and government printing presses are powerful, and this combination has turned the “Great Deleveraging” into a m...
  • The Political Earthquake In Europe
    By on May 29, 2014 | No Comments  Comments
    One of the last remaining impediments to total global domination by the banks and their politicians is the quaint tradition of popular elections. Every so often the powers that be are required to see if the 99% want them to remain in charge. Obviously since the global financial system is still intac...
  • Fractional-Reserve Banking: From Goldsmiths To Hedge ...
    By on May 23, 2014 | No Comments  Comments
    From Chapter 15 of The Money Bubble, by James Turk and John Rubino: Banking didn’t start out as a reckless, parasitical plaything of a moneyed and politically-connected aristocracy. In the beginning, in fact, bankers weren’t even bankers. They were jewelers and goldsmiths who had to maintain th...
  • High-Frequency Trading and the Shrinking Trust Horizo...
    By on April 10, 2014 | No Comments  Comments
    The list of markets where big players are cheating the rest of us (and each other) keeps growing. First there was the Libor interest rate, then foreign exchange, then gold. And now comes high-frequency trading (HFT), where Wall Street banks use supercomputers to monitor incoming stock market orders,...
  • The Screaming Fundamentals For Owning Gold
    By on April 7, 2014 | No Comments  Comments
    This report lays out the investment thesis for gold. Silver is mentioned only where necessary, as a separate report of equal scope will be forthcoming on that topic. Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it ...
  • Debt Makes You Dumb, Japanese Edition
    By on April 3, 2014 | No Comments  Comments
      Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And actions that in normal times might have seemed unwise, contradictory or downright stupid begin to look better than the (even more disturbing) alternatives. Pre...
  • Tangible Versus Financial Assets: The Great Migration
    By on March 19, 2014 | No Comments  Comments
    Wealth comes in many forms, but only two general categories: tangible and financial. Tangible wealth is made up of real, physical things like buildings, farmland, oil wells, commodities, etc. These things can be seen and touched, and – crucially – they don’t have counterparty risk. That is, no...
  • Gold-ETF Inflows Return
    By on March 9, 2014 | No Comments  Comments
    Stock-market capital finally started flowing back into the flagship GLD gold ETF for the first time in 14 months in February!  Though this buying was small, this is truly a momentous event.  Extreme gold-ETF outflows were the dominant culprit behind last year’s epic gold selloff.  Without that ...
  • Full-Spectrum War, Peak Complexity and Real Assets
    By on March 7, 2014 | No Comments  Comments
    Not so long ago — say when the Soviet Union was crushing rebellions in Czechoslovakia and Hungary in the 1960s or the US was invading half the Middle East in the 2000s — a big country picking on a small one was mostly a physical activity. Tanks would roll in, buildings and people would be blown ...

Advertisement