| |
 | Mark O'Byrne - gold.ie |
| Global Debt Crisis II Cometh |
| – Global debt ‘area of weakness’ and could ‘induce financial panic’ – King warns– Global debt to GDP now 40 per cent higher than it was a decade ago – BIS warn
– Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years
– US mortgage rates hit highest level since May 2014– US student loans near $1.4 trillion, 40% expected to default in next 5 years– UK consumer debt hit £200b, highest level in 30 years, 25% of households behind on repayments
The ducks are beginning to Wednesday, February 14, 2018 |
|
 | Nathan Lewis - New World Economics |
| “Rules-Based” Monetary Proposals Won’t Create S... |
| (This item originally appeared at Forbes.com on February 9, 2018.)
https://www.forbes.com/sites/nathanlewis/2018/02/09/rules-based-monetary-proposals-wont-create-stable-money/#4b822c96128e
I often say that governments should follow the “Magic Formula,” which is: Low Taxes and Stable Money. Good things happen to governments that do this, and bad things happen to those that don’t.
“Stable Money” means: money that is stable in value. The traditional way to accomplish this is to link currencies to gMonday, February 12, 2018 |
|
 | Michael J. Kosares - USA Gold |
| Gold takes one on the chin, but it wasn’t the only one |
| LATE REPORT
Gold took one on the chin today, but nothing like the stiff uppercut delivered to stocks and bonds. Gold finished down $17 today at $1331.39 and shedding 1.3% off the price. Silver got pummeled as well finishing the day at $16.57, down 63¢. Stocks finished down 665 on the day – a 2.6% shellacking. Bonds did not fare any better with the 10-year Treasury finishing at a 2.839% yield.
All in all, investors find themselves coping with the combined effects of a new surge in government dSaturday, February 3, 2018 |
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| Mark O'Byrne - gold.ie |
| It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System |
| – Christmas film serves as reminder that savings are not guaranteed protection by banks
– Savers are today more exposed to banking risks than ever before
– Gold and silver investment reduce exposure to counterparty risks seen in financial system
– Basket of Christmas goods has climbed since 2016 thanks to 11% climb in gold price
Frank Capra’s 1946 film It’s A Wonderful Life is one that many families will be settling down to watch this Christmas weekend. A story that is ultimately about a suicidWednesday, December 27, 2017 |
|
 | Jan Skoyles - GoldCore |
 Gold Standard Resulted In “Fewer Catastrophes” – FT |
| Editor Mark O’Byrne
– “Going off gold did the opposite of what many people think” – FT Alphaville
– “Surprising” findings show benefits of Gold Standard
– Study by former Obama advisor in 1999 and speech by Bank of England economist in 2017 make case for gold
– UK economy was ‘much less prone to extremes’ under than the gold standard – research shows
– ‘Gold standard seems to have produced fewer catastrophes for Britain’ – data shows
– FT still wary of gold standard arguing ‘stability can be oFriday, September 29, 2017 |
|
 | Adrian Ash - Bullion Vault |
| Tick-Tock, Northern Rock |
| Ermine for idiots, profits for bankers. And for savers? Risk...
EVEN a stopped clock tells the right time twice a day,
writes Adrian Ash at BullionVault.
And 10 years ago this week, the minute-hand slowly turned towards a dark midnight which gloomy gold bugs like us had long predicted.
We like to flatter ourselves that Wednesday, September 13, 2017 |
|
| Adrian Ash - Bullion Vault |
| August 2007: When the Central Bank Con-Trick Failed |
| "Whatever it takes" has so far equaled $15 trillion of QE...
WEDNESDAY this week marks the 10th anniversary of what pundits, analysts and most investors now agree was the start of the global financial crisis,
writes Adrian Ash at BullionVault.
If they had been paying attention when the interbank credit markets first froze in fear – back on 9 August 2007 – most people wouWednesday, August 9, 2017 |
|
| Mark O'Byrne - gold.ie |
| 2016 Past is 2017 Prologue |
| With us being just over a week into the New Year, we feel it worthwhile to look back just one last time at 2016. We believe that many of the themes and risks of 2016 continue in 2017 and that they are likely to impact markets in the coming months – especially the precious metal markets.
Malcolm McDowell as Alex in A Clockwork Orange. Source: Wikimedia
We always enjoy new perspectives and every year we enjoy the witty, comprehensive and insightful analysis review of the year past by David Collum.Monday, January 9, 2017 |
|
| Nathan Lewis - New World Economics |
| The Gold Standard Vs. The PhD Standard |
| Jim Grant, the bow-tied voice of old-fashioned economic wisdom, likes
to call today’s monetary arrangements the “PhD Standard,” as compared,
of course, to the gold standard that the United States embraced for a
stretch of nearly two hundred years, until 1971.
This is a joke, a punchline – and yet, like many of Grant’s wisecracks, there is more to it than may first appear.
The gold standard is pretty simple. You just keep the currency’s value
linked to gold, such as the $35/oz. gold parity thatThursday, December 15, 2016 |
|
 | Julian D. W. Phillips - Gold Forecaster |
| Dangerous Times for stocks - U.S. is headed toward stagflation - We’re not in a stable equilibrium. It’s a good time for Gold and Silver! |
| Most global financial markets struggling to rise, central bank policies are placing interest rates at all time lows. These are not producing the results wanted [but are holding deflation at bay]. Important governments are emasculated by political stalemate, while the structure of the E.U. is facing what Junker calls an ‘existential problem’ [translated is under threat from an array of problems].Hence, the comments by Alan Greenspan, Paul Singer and several others demand our attention. In this arTuesday, September 20, 2016 |
|
| Bullion Vault |
| 'Radical Uncertainty' Post-Brexit Holds Gold Firm as Nato No.2 Turkey 'Warns' US Over Coup 'Mastermind' |
| GOLD BULLION held firm against a rising US Dollar on Tuesday, bucking a small drop across commodities and global stock markets as claims and counterclaims continued over the weekend's apparently failed coup attempt in Turkey.
German economic confidence sank on the latest ZEW survey, dropping to
its worst level since late 2012 following the UK's Brexit vote to quit the European Union on 23 June.
Tuesday, July 19, 2016 |
|
| Michael J. Kosares - USA Gold |
| End-of-week top gold stories |
| Friday, 10-Jun-2016
Annie Pei (CNBC) US economy’s job pain is ‘gold’s gain’ The precious metal rallied nearly 3 percent back above $1,245 after a soft jobs number had traders fleeing equities and running toward safe haven assets. The jump has Evercore ISI technical analyst Rich Ross betting that the yellow metal will head even higher for a number of reasons.
MK Note: Interesting how quickly things can change.
Myra P. Saefong & Rachel Koning Beals (MarketWatch) Gold futures extend gains in weSaturday, June 11, 2016 |
|
 | Przemyslaw Radomski CFA - SunshineProfits |
| WGC’s June Gold Investor: King about Gold |
| On Tuesday, the World Gold Council (WGC) released a new edition of Gold Investor, its publication on gold demand trends. What can we learn from the report?
Gold Investor is back after a long pause, with a new layout. The latest issue contains a few interesting articles about gold in context of: Brexit, pension funds, the Shanghai benchmark or negative interest rates. It also includes a cover story about the former Governor of the Bank of England Mervyn King’s economic views presented in his lateFriday, June 10, 2016 |
|
 | Andy Hoffman - Miles Franklin |
| The Most Insane Destructive Central Bank Scheme to Date Started Yesterday |
| Do you know what we haven’t seen for the entirety of the now 16-year bull market in Precious Metals? Other than April 2011, when silver rose roughly a dollar a day in the final stages of its run to $50/oz, that is? Yep, two strong up days in a row – despite the aforementioned bull market, and the strongest imaginable fundamentals. Unlike the “Dow Jones Propaganda Average,” of course. Which despite being, quantitatively speaking, more overvalued than at any time in history, amidst the worst iThursday, June 9, 2016 |
|
 | Tim Iacono - Iacono Research |
| Wednesday Morning Links |
| MUST READS
Hillary Clinton’s Remarkable Triumph – Atlantic
Inside the bitter last days of Bernie’s revolution – Politico
Bow out, Bernie. Hillary needs a clear run at the White House – Guardian
The meaning of Hillary and the long, hard climb to the top of the ticket – Washington Post
Anonymous Superdelegates Declare Winner Through Media – The Intercept
The Media Called the Democratic Race a Day Early – New Yorker
Is This Where Libertarians Say Goodbye to Conservatives? – reason.com
Donald Trump Wednesday, June 8, 2016 |
|
| Michael J. Kosares - USA Gold |
 Former Bank of England head Mervyn King joins Alan Greenspan in advocating gold ownership |
| In The End of Alchemy, Mervyn King, the former head of the Bank of England, writes of central banks’ frustration in dealing with the stagnant global economy. “Central banks,” he says, “have thrown everything at their economies, and yet the results have been disappointing, Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced.”
Similarly, former IMF chief economist, Olivier Blanchard was recently quoted in tTuesday, June 7, 2016 |
|
| Mark O'Byrne - gold.ie |
| Martin Wolf: There Will Be Another “Huge” Financial Crisis |
| Martin Wolf writing in the Financial Times has warned that there will be another financial crisis given the nature of the modern fractional reserve banking and financial system. Wolf asks whether there will a “another huge financial crisis” and then answers his question by saying that there will be and warns that banks “are designed to fall. So fall they surely will.”He warns that a system built on making promises it cannot keep is bound to crash, and crash again:Will there be another huge finanThursday, June 2, 2016 |
|
 | John Rubino - Dollar Collapse |
| Tough Day For Tech Stocks -- Tough Year For The Rest Of The Market |
| Coming into this corporate earnings season, everyone seemed to expect disappointment.
But they thought it would come from the energy sector and the banks that had
lent that sector way too much money (see Goldman
Sachs is a flattened slug).
Technology was, as always, thought to be immune from the vicissitudes of the
Old Economy. But apparently what's bad for Exxon and Caterpillar is also bad
for Google and Microsoft. Here's what Big Tech is doing this morning:
Why the sudden carnage? VFriday, April 22, 2016 |
|
 | Dan Popescu - GoldBroker |
| Gold and the Minsky Moment |
| In a speech in 2011 to the Empire Club of Canada and the Canadian Club of Toronto, Mark Carney, then governor of the Bank of Canada and present governor of the Bank of England, speaking of the international monetary system, said that the Minsky moment had arrived. A Minsky moment is a sudden major collapse of asset values, which is part of the credit cycle or business cycle. Such moments occur because long periods of prosperity and increasing value of investments lead to increasing speculation uMonday, April 11, 2016 |
|
| Eric Dubin - Investor Intelligentsia |
| Gold Bull Market Spanking Permabears – Welcome To Dystopia Episode #16 |
| TND Podcast Spotlight: Welcome To Dystopia #16
Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent analyst and financial journalist, Eric Dubin are back for episode 16 of the Welcome to Dystopia podcast.
Jason asks Eric about the price action in gold and gold stocks. Eric believes the bull market in gold is back and it’s very bullish that the gold chart has witnessed the 50 day moving average cross over the top of spot gold’s 200 day moving average becausThursday, March 3, 2016 |
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