Gold & Silver
Showing 51 - 100 of 163
September 09, 2014
Imagine taking bits of colored paper, making more of them and then waiting for jobs to appear. One has little to do with the other, but according to a steady stream of articles in Bloomberg and the rest of the mainstream media, such an act leads to an inevitabl ...
September 09, 2014
Last year, India's government made it harder and more expensive to import gold and this article in the Financial Times trumpets the success the government has had in its war on gold. Because of India's insatiable demand for gold, the country's current account b ...
September 08, 2014
We've written regularly about the difficulties with the EU for years and what's astonishing is that almost all of our predictions about its dysfunctional nature – and predictable results – have been realized, and yet the EU staggers on. There were even, as ...
September 05, 2014
The truth about the American economy. The labor force participation rate has declined from 66.5% in 2007 prior to the last downturn to 62.7% today. This decline in the participation rate is difficult to reconcile with the alleged economic recovery that began in ...
September 03, 2014
Sometimes Federal Reserve white papers attract attention and this one does because of the term "hoarding money." This is a startling phrase and – who knows – perhaps it marks the beginning of a new meme. Certainly the word "hoarding" is a popular one with g ...
September 02, 2014
It is an old adage that there are lies, damn lies and then there are statistics. Nowhere is this truer than in the government's monthly Consumer Price Index (CPI) that tracks the prices for a selected "basket" of goods to determine changes in people's cost of l ...
September 01, 2014
Bloomberg offers two editorials on Europe that tell us economic growth is not going well. The one above speaks to the issue of Mario Draghi's lack of courage in terms of implementing a program of aggressive money printing. The other one, which we excerpt below, ...
August 27, 2014
The high-profile website ZeroHedge caused a stir yesterday by presenting an article (see above) that appeared in the CFR's Foreign Affairs magazine. The article called for the Federal Reserve to hand out money directly to consumers. Wow. The article was of inte ...
August 26, 2014
What does the future hold? More and more money stimulation it would seem. China – the BRICS – and the US are printing endless gouts of money, and now it appears as if the European Union is headed in the same direction. In fact, the EU cannot simply print, a ...
August 26, 2014
For more than a decade, now, Federal Reserve policy has been guided by the fear of one economic bogeyman: the presumed danger of "price deflation." The fear is unfounded and the inflationary "solution" only leads to disaster. During Alan Greenspan's and Ben Ber ...
August 22, 2014
Like Reuters, Bloomberg is a creature of the establishment and you can read Bloomberg editorials (especially) to garner an inkling about how we ought to be perceiving one of the most important dominant social themes of all: Central banking and the endlessly dis ...
August 19, 2014
What? Equities are up again? The Wall Street Party is yet in full swing? There's no logical explanation, of course, but those following securities will always try to make one up. And so we'll hear all sorts of strange reasons for yesterday's sudden climb. As th ...
August 19, 2014
Since the economic crisis of 2008-2009, the Federal Reserve – America's central bank – has expanded the money supply in the banking system by over $4 trillion, and has manipulated key interest rates to keep them so artificially low that when adjusted for pr ...
August 18, 2014
We expect Reuters to write about the economy from a central banking point of view and this editorial doesn't disappoint. But it also gives us a different perspective on a recent speech by Stanley Fischer, the vice-chairman of the US Federal Reserve. Fischer, we ...
August 17, 2014
What we have had is a massive inflation of what I call "debt money" because actually, debt is the raw material from which fiat money is manufactured. You can see from this Debt/GDP chart that there has been a very modest reversal of total debt (public and priva ...
August 15, 2014
"Austerity" never made much sense to us because the economies of Southern Europe were shackled by decades of regulatory and fiscal overkill. It was like watching a man with his hands tied behind his back being thrust into octagon for a mixed martial arts fight ...
August 11, 2014
The US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, ...
August 03, 2014
Economically, there is not much that pleases me because I think we are in an economy that is on steroids – in other words, the money printing – and the money printing goes essentially to wealthy people. Of course, they spend and as a result of the asset bub ...
August 02, 2014
Once more we are reminded how the modern economic intelligentsia is divorced from our miserable economic realities. And we have Paul Krugman to thank for that. In a recent editorial, Krugman pointed out that top economists believe the Obama administration's "st ...
July 30, 2014
So we learn that Abenomics is not working so well. Okay ... we never expected it to. Honestly, where has a Keynesian economic program ever really rebuilt an economy? FDR tried it in the US, but the US economy didn't recover until the end of World War II when vi ...
June 17, 2014
For more than two hundred years, practically all of the leading advocates of individual liberty and free markets have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has be ...
June 11, 2014
The Indian media, like the Indian government, has been "talking down" gold for quite a while now. This is unusual in a country where so many people buy gold, especially gold jewelry, on a regular basis. But it is symptomatic of a larger "bankers' war" being wag ...
June 05, 2014
Is the gold bull market really over? Bloomberg says it is. We see the world a little differently, of course. We don't see any real lessening of demand for gold, or for silver for that matter. But Bloomberg has a narrative and they're sticking to it. Here's more ...
May 02, 2014
My missive under the same title (Daily Bell, April 18, 2014) created quite a stir. As pointed out, the title is tongue-in-cheek and should be interpreted in the light of trying to find the best method to combat the fiat currency inflicted upon the population of ...
April 27, 2014
The overriding recommendation is to own things rather than promises. Own tangible assets like farmland, timberland, oil wells, buildings used productively and, of course, precious metals instead of financial assets like bank accounts and bonds. Avoid those asse ...
April 26, 2014
AP is reporting that Ukraine fears Russian invasion. The fears were apparently expressed by Ukraine's deputy foreign minister. "We have the information we are in danger," Danylo Lubkivsky told reporters at the United Nations, according to AP. The escalation in ...
April 18, 2014
This rejoinder was prompted by the Daily Bell interview with Bill Murphy of GATA (March 30, 2014). I shall accept, for the sake of argument, Murphy's premise that the dollar price of gold is heavily manipulated by the U.S. government in order to keep it in chec ...
April 15, 2014
So Europe's central bankers have decided that the only way to revitalize the European economy – especially Southern Europe – is via securitization of assets. This we learn from Jeremy Warner, assistant editor of The Daily Telegraph, and author of the articl ...
April 06, 2014
Market risk is huge today, but political risk is even bigger. One indication of that was, when the banks in Cyprus went bust some months ago, the government essentially confiscated everybody's account above 100,000 euros, in what they called a "bail-in." You co ...
April 03, 2014
The irritation that so many feel regarding gold is always surprising. And actually, it tells us that gold is still very important. Otherwise, why would its very presence on the investment scene bother so many? While we missed this article when it came out towar ...
March 23, 2014
The Gold Anti-Trust Action Committee (GATA) was formed in January 1999 by my colleague Chris Powell and myself to expose and oppose the manipulation and suppression of the price of gold. Initially we thought that the manipulation of the gold market was undertak ...
March 17, 2014
This article is an overt statement of a subterranean argument about gold. It encapsulates arguments regarding bitcoin versus gold that only add to the confusion. Bitcoin proponents often seem driven by a barely concealed contempt for gold – and even hatred. Y ...
March 16, 2014
Andy Hoffman: "Whirlybird Janet," as she is already being referred to, will ultimately put "Helicopter Ben" to shame, by the time she's through. Frankly, who knows if the Fed will even survive the inflationary carnage of her four-year term? In 2013, TPTB used a ...
March 12, 2014
And so it begins. Regulators are looking into gold fixing in London. They haven't turned it into a formal investigation but they might. Deutsche Bank has resigned from the London gold-fix committee. Others are thinking about it. The Rothschilds resigned long ag ...
February 28, 2014
This is yet more evidence that the current system is breaking down. An article goes up on the website of a major newspaper and then is removed without explanation. Combating the Internet Reformation means dying by a thousand cuts. Any one cut doesn't matter muc ...
February 17, 2014
We have asked why, when Indian and Chinese consumers queue regularly to buy gold bullion with seeming desperation, the Western press – and the investment community – continually degrades the value of gold and the necessity of holding it. Manipulation seemed ...
February 16, 2014
There can be little doubt that Friedrich A. Hayek was one of the most profound and important economists of the 20th century. In my humble opinion, I consider Mises and Hayek to be the two greatest economists of our time. Whether as a monetary and business cycle ...
January 20, 2014
In the other article in this issue we discuss global warming and the idea that maybe the top elites are taking a kind of "step back" when it comes to that promotion. Global warming simply isn't going well, from a warmist standpoint, and we wonder if the meme of ...
January 18, 2014
The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them "too big to fail." Remove ...
January 15, 2014
In our lead article, this issue, we briefly discuss some of the manipulations supporting the ongoing and presumably expanding Wall Street Party. But the potential manipulation of gold stands out as one of the most brazen. We are not alone in believing that the ...
January 13, 2014
This is blatant manipulation. For anyone who doesn't believe that the globalist power structure wants to discourage gold-holding, these moves in India should be a revelation. The boldness is what's so shocking. K.C. Rosakutty is a leading Indian feminist activi ...
December 30, 2013
There is no denying gold has fallen and hasn't yet gotten up. But the reasons for its failure and eventual resurgence remain intensely interesting. Surely no logical person can doubt that the world's securities markets are manipulated. Would that it were not so ...
December 15, 2013
There are so many issues, so many fires raging, that we're kind of like a fire brigade. We've only got a limited amount of water and we have to decide which fires we are going to throw the water on. We're running around and somebody says, "This fire over here i ...
December 01, 2013
Stocks are bullish and bonds are bearish. The US dollar is resuming its bear market decline and the global currencies are headed higher. The metals and their shares are bombed out, still vulnerable and near their lows, and commodities are bearish. We are invest ...
November 17, 2013
It looks as though gold's been correcting for some time. It seems to have been making a bottom over the last year. It is making new lows and it seems to be making a bottom. All markets do have corrections along their way and the stock market, as you probably re ...
November 05, 2013
Every week or month, Bloomberg editors attack gold and this article, striking out at chief gold bug Peter Schiff, is more of the same. The bias is subtle but apparent. The article manages to point out that Schiff's father is in jail for tax evasion and that Pet ...
October 08, 2013
Bloomberg, in the above excerpt, provides us this latest disinformation regarding gold and central banking. The entire article, and it is a long one, is filled with one (deliberate?) misconception after another. But its main point is that gold fluctuates for my ...
July 09, 2013
For us, asking the direction of gold prices relative to the dollar in the immediate future is perhaps the wrong question. The right question to ask for many is probably whether one has an investment plan – or even a survivalist strategy – and whether it inc ...
July 02, 2013
The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles: Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by hal ...
June 30, 2013
The Daily Bell is pleased to present this exclusive interview with Nelson Hultberg. Daily Bell: Tell us about your book's title, The Golden Mean, what it refers to and why it is so important for freedom. Nelson Hultberg: The Golden Mean is Aristotle's famous "d ...
