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![](http://www.24hgold.com/24hpmdata/photoauteurs/hugo_salinas_price.jpg) | Hugo Salinas Price - plata.com.mx |
The Gold Standard: Generator Protector Of Jobs ![](../style/all/img/articles/Large_5.png) |
The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.Saturday, June 27, 2020 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/adrian_Ash.jpg) | Adrian Ash - Bullion Vault |
Inflation and human nature |
"...Scrabbling in the earth for a fresh source of cash, the gold & silver miners of 13th century Europe proved that the money supply never simply increases as if by magic..."Thursday, March 19, 2020 |
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| Bullion Vault |
Gold Prices Fall vs Sterling, Moscow Equities Drop as UK-Russia Tensions Worsen |
GOLD PRICES spiked to a 1-week high before retreating against a volatile US Dollar in London trade Wednesday as Russia promised retailiation over the UK expelling 23 diplomats as "undeclared intelligence officers" following the poisoning of a former spy with toxic nerve agent.
The UK also said it is
tightening checks on Russian state-owned assets in Britian, and the Royal family will not attend this summer's football World Cup, but Thursday, March 15, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Przemyslaw_Radomski.jpg) | Przemyslaw Radomski CFA - SunshineProfits |
Unbiased Gold Analysis of Draghi Dropping the Bias |
The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do?
Hawks Awaken in Frankfurt…
A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement:
(…) if the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, we stand rWednesday, March 14, 2018 |
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| SRSrocco - SRSRocco Report |
The Amazing Amount of Gold The U.S. Exported Since 2000 |
The U.S. exported a stunning amount of gold since the turn of the century. As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs. In 2012 alone, the United States exported nearly 700 metric tons of gold. The total amount of U.S. net gold exports over the past 17 years equaled the combined gold reserves of six high ranking countries.While the U.S. exported nearly 8,000 metric tons (mt) of gold since 2001, it also imported a great deal asSunday, March 11, 2018 |
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| Bullion Vault |
Gold Prices Bounce After N.Korea 'Dotard-Rocket Man' Drop as US Job Growth Leaps |
GOLD PRICES bounced late-Friday to end the week unchanged per ounce after the United States reported the strongest jobs growth in 19 months.
Rallying to $1323 as London trade ended, the gold price had earlier slipped to 7-session lows at $1314 after Donald Trump became the first US president to announce a meeting with the leader of Stalinist dictatorship North Korea.
The Bureau of Labor StatistiSaturday, March 10, 2018 |
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| Bullion Vault |
Gold and Silver Trading Down to New Euro Lows as ECB Cuts 42 Words on QE |
GOLD and SILVER TRADING in London's wholesale bullion market saw prices hold firm in everything but the single Euro currency on Thursday as the European Central Bank dropped a commitment to boost its QE stimulus if the economic or financial outlook worsens.
Platinum prices also fell hard against the Euro as the ECB cut
42 words first used in March 2016 from its monetary policy statement.
Friday, March 9, 2018 |
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| Bullion Vault |
Gold Prices Rally from Hard ... |
GOLD PRICES regained half of last week's losses on Monday morning in London as the US Dollar inched down ahead of US inflation data and the new Fed chief Jerome Powell's first congressional testimony,
writes Steffen Grosshauser at BullionVault.
Federal Reserve chairman Jerome Powell will speak about US monetary policy before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Thursday.
Monday, February 26, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Chris_Powell.jpg) | Chris Powell - GATA |
ECB minutes highlight policymakers' fears over currency wars |
FRANKFURT, Germany -- The extent of European officials' concerns over the weakness of the dollar was laid bare on Thursday in a set of European Central Bank accounts that highlighted fears that the U.S. administration was deliberately trying to engage in currency wars.
The accounts of the ECB's January monetary policy vote also reveal that the governing council's hawks pushed for a change in the bank's communications, saying economic conditions were now strong enough to drop a commitment to boosThursday, February 22, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Mark_O_Byrne.jpg) | Mark O'Byrne - gold.ie |
Bank Bail-In Risk In European Countries Seen In 5 Key Charts |
Bank Bail-In Risk In Europe Seen In 5 Charts
– Nearly €1 trillion in non-performing loans poses risks to European banks’– Greece has highest non-performing loans as a share of total credit
– Italy has the biggest pile of bad debt in absolute terms– Bad debt in Italy is still “a major problem” which has to be addressed – ECB– Level of bad loans in Italy remains above that seen before the financial crisis
– Deposits in banks in Greece, Cyprus, Italy, Ireland, Czech Republic and Portugal most at riTuesday, February 20, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Axel_Merk.jpg) | Axel Merk - Merk Fund |
This Time is Different. Really! |
Axel Merk, Merk Investments
February 13, 2018
Follow @AxelMerk Tweet
“Don’t panic, buy the dip, who cares?” or “These are rumblings of an earthquake, people will be hurt like in 1929” - which one is it? I would call it a wake-up call. Let me explain:
In recent years, markets had appeared eerily “safe”. Central banks promised to do “whatever it takes”, provided “forward guidance” to keep rates low, even printed money to Tuesday, February 13, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Bob_Hoye.jpg) | Bob Hoye - Institutional Advisors |
Investment Fads ![](../style/all/img/articles/Large_2.png) |
We have been fascinated by the chart on the publically-traded shares of the Swiss National Bank. Yes, it is the central bank, it trades, it zooms and it is long the latest fad in investing. Fiduciary responsibility being a constriction has become a neglected concept.
Their reserves have been committed to equities and the chart records the euphoria of the day.
As one would expect the biggest positions include the fad stocks of today.
In the 1980s, we first wrote a piece on life insurance companMonday, February 12, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Adam Hamilton.jpg) | Adam Hamilton - Zealllc |
Stock Selling Unleashed! |
The
unnaturally-tranquil stock markets suddenly plunged over this past
week. Volatility skyrocketed out of the blue and shattered years of
artificial calm conjured by extreme central-bank distortions. This
was a huge shock to the legions of hyper-complacent traders, who are
realizing stocks don’t rally forever. With stock selling unleashed
again, herd psychology will start shifting back to bearish which
will fuel lots more selling.
As a
contrarian student ofSunday, February 11, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Przemyslaw_Radomski.jpg) | Przemyslaw Radomski CFA - SunshineProfits |
Mars and Mercury Decide the Fate of the U.S. Dollar and Gold |
The U.S. dollar has been bleeding recently, despite all the Fed’s tightening efforts and the passage of Trump’s tax cuts. An accelerating economy, rising interest rates and pro-growth reforms should logically drive the value of the American currency. But they didn’t.
Given the strong negative correlation between the greenback and gold, finding the cause behind the dollar’s wounds is highly critical. The most common explanation among analysts is Trump the Destroyer. It shouldn’t be surprising, asFriday, February 9, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Adam Hamilton.jpg) | Adam Hamilton - Zealllc |
Radical Gold Underinvestment 4 |
Global investors are radically underinvested in gold today. Years
of relentless stock-market rallying to endless new record highs have
left this classic alternative investment deeply out of favor. But
this gold-demand ebb is ending. The same central banks that fueled
these extreme stock markets through epic easing are reversing to
massive and unprecedented tightening. As stocks roll over, gold
investment will return.
Gold
is a unique asset class established oveFriday, February 2, 2018 |
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| Bullion Vault |
Dollar Up, Gold Prices Dip, Silver Betting -29 Ahead of Fed, Jobs Data |
GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses,
writes Steffen Grosshauser at BullionVault.
Gold traded $6 below last week's close at $1349 per ounce after touching an 18-month high at $1365 early on Friday.
US Treasury bonds meantime extended their New Year 2018 sell-off, pushing up the yields offered to new buMonday, January 29, 2018 |
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| Bullion Vault |
Gold Price $1.10 Below 4-Year Friday High, 'All About' Trump's Dollar 'Devaluation' |
GOLD PRICE gains from last Friday of 2.6% slipped to 1.5% against the US Dollar in London trade today, leaving the metal just $1.10 per ounce below a near 4-year high at its weekly close.
The Dollar eased back but held half of yesterday's sharp rebound from its lowest FX value since late 2014 after US president Donald Trump tempered "weak Dollar" comments from his Treasury Secretary Steve Mnuchin.
Friday, January 26, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/mish.jpg) | Mish - Global Economic Analysis |
Mnuchin, Trump Retract Dollar Comments: Hypocrisy Everywhere |
Strong dollar, weak dollar, who wants what? It changes day to day. The ECB got into the act compounding the hypocricy.
On Wednesday US treasury secretary Steven Mnuchin caused a quite a stir when he stated a "Weak Dollar is Good for Trade".
On Thursday, Mnuchin tried to distance himself from what he stated.
Now Mnuchin says "There are benefits and there are costs of where the dollar is, depending on which side of the table you are."
Let's not beat around the bush. Exporters are one side of theFriday, January 26, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Przemyslaw_Radomski.jpg) | Przemyslaw Radomski CFA - SunshineProfits |
While Everyone Focuses on U.S. Government Shutdown, This Country Faces Crisis |
The U.S. government partially closed at midnight on Friday. But the UK deals with a much more serious crisis. Potentially also for gold.
Unlike the U.S. Government, the Gold Market Never Closes
So it happened again. The most powerful country in the world didn’t manage to renew another short-term government funding extension. It’s quite embarrassing, but we all should already get used to it. Since 1976, there have been almost 20 previous occurrences. But the world never collapsed. Why should it, Tuesday, January 23, 2018 |
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![](http://www.24hgold.com/24hpmdata/photoauteurs/Mark_O_Byrne.jpg) | Mark O'Byrne - gold.ie |
Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat |
– U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown– Markets shrug off both government shutdown and re-opening– Markets, government and media ignoring worsening US debt position
– Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar
– U.S. government national debt is $20.6 trillion and increasing rapidly– ‘Bonds, like men, are in a bear market’ – Bill Gross
Editor: Mark O’Byrne
Investors “irrational exuberance” continues after the largTuesday, January 23, 2018 |
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