I was getting ready to post an update on GoldMoney’s new service that allows customers to take delivery of their gold and silver in smaller, more practical bars. But Run To Gold’s Trace Mayer got there first, with an article that also explains the controversy now raging over whether mints and other bullion storage firms […]
Lessons From the Past
Discover Magazine runs a monthly back-page feature called “20 Things You Didn’t Know About…” that usually lives up to its title. In a recent issue the subject was money, and some of the factoids are worth noting. See 6, 7, and 8. 20 Things You Didn’t Know About… Money 1 No escape: As you file […]
Junior Miner Buy-Out Binge
Gold is making another run at $1,000, silver is up even more in percentage terms, and the financial markets are showering the established miners with cash: In February Newmont raised $1.7 billion, while Yamana, Agnico-Eagle, and Kinross Gold have between them raised over $800 million. And last week Goldcorp offered to sell $750 million of […]
The Illusion of Safety
Last week the Wall Street Journal published an article that (assuming it wasn’t a clever satire) perfectly illustrates the train wreck that’s in store for clients of mainstream money managers. In the first-person-confessional style that’s becoming popular in the financial press, the reporter laments his diminished 401(K): My company retirement accounts, despite what I thought […]
Best Quotes of April 2009
Doug Casey, Casey Research People believe they have little to lose, they’re eager to hang those they believe responsible for their problems, and they’ll listen to radical or violent proposals. We’re now just entering what will likely be the worst economic trough since the Industrial Revolution. A rioter is typically an angry person looking for […]
Bears Call For A Rally
After its worst year in living memory, the stock market is due for a bit of relief. Whether it turns out to be a dead cat bounce or a cyclical bottom remains to be seen. But some heavyweight bears are now placing their bets on the long side. Among them: Steve Leuthold, Leuthold Weeden Capital […]
Best Quotes of February 2009
Philipp Bagus and Markus H. Schiml, Ludwig von Mises Institute Only two things can save the Fed at this point. One is a bailout by the federal government. This recapitalization could be financed by taxes or by monetizing government debt in another blow to the value of the currency. The other possibility is concealed in […]
Best Quotes of January 2009
Paco Alhgrin, Seeking Alpha Here, I’ll simplify it: your government, through Legal Tender laws, is forcing you to use dollars to navigate the economy in which you reside. It is then printing this currency with reckless abandon. Finally, the same government is issuing more debt than ever before in history, which it will loan to […]
The Net Tightens
Americans hoping to protect their wealth from a soon to be bankrupt and panicked government are finding that their options are few, and growing fewer by the day. The following article is reproduced in its entirety and without comment, because it speaks for itself. UBS closing U.S. clients’ offshore accounts By Lisa Jucca Lisa Jucca […]
Best Quotes of December 2008
Adrian Ash, Bullion Vault ‘No Inflation, Constant Expansion’ was a misnomer to start with, the lie of the first half undone by the scam of the second. Plenty more academics (most of them policy-wonks, too) also stepped up to put a name on that era, variously calling it “The Great Moderation” (Ben Bernanke) or “Great […]
Gold and Clean Tech: Two Sides, One Coin
Henry Kissinger used to say that the tricky thing about foreign policy is that information and options are inversely related. That is, when you have the widest range of available policy choices you generally have the least information, and vice versa. As information accumulates, options dwindle, until you’re left with absolute clarity but only a […]
Best Quotes of November 2008
Jeffrey Christian, CPM Group At the end of the de-leveraging, you will see a divergence between gold and silver on the one hand and industrial commodities on the other. Even today we have this very strong demand for physical gold and silver globally, from India to the Middle East to America. Once the de-leveraging ends, […]
The Next Bull Market
It took a few decades longer than it should have, but the world has finally figured out that leveraged speculation is not the path to lasting prosperity. Investment banks and hedge funds are dying, and the concepts upon which they were built–derivatives, gullible pension funds, sycophantic financial media–are being shoveled into the landfill of history. […]
Best Quotes of October 2008
Ted Butler, Investment Rarities Maybe one in a million of the world’s citizens realizes that there is much more gold in existence than there is silver. If sufficient numbers of people knew this fact, gold would not be 75 times the price of silver. In fact, gold might be a lot less than 16 times […]
More Good Timing For Peter Schiff
It’s been fun over the past few years watching EuroPacfic Capital’s Peter Schiff educate mainstream (i.e. clueless) economists and money managers on CNBC and elsewhere. My personal favorite is this one from 2006, in which Schiff gets everything right and a pathetic little economist named Arthur Laffer makes a complete fool of himself. A couple […]