Gold news

Articles, posts, old and recent news about gold and money.

The History And Rising Power of Central Banks

  • 15 June 2018
  • by Blogger

The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one hundred years. The main culprits responsible for these destabilizing and disruptive episodes have been governments and their central banks. They have monopolized the control of their respective nation’s monetary and banking systems, and mismanaged them. There is really nowhere else to point other than in their direction.

Francesco Simoncelli


Gold & The Turning Of The Monetary Tides

  • 12 June 2018
  • by Blogger

Who is going to win the gold wars? Holders of gold. The big winners will be Indian wives whose fathers gave them a lot of gold as a dowry. The rest of us gold bugs will also do well. The general public will never catch on in time, and by the time that it occurs to even 10% or 20% of investors that they better by gold, it will cost them so much to get into the market that they will not make the kinds of profits that today's gold investors are going to make.

One of the best ways to buy physical gold today

  • 09 June 2018
  • by Blogger

The attempt of governments and central banks to lower the price of gold will backfire. Eventually, governments will run out of gold to sell, and so will the IMF. They will run out of gold to lease. While I do not think the politicians will ever catch on to the fact that their nations' gold is gone, leaving only IOUs for gold written by bullion banks that are on the verge of bankruptcy anyway, I do think that at some point the central banks will stop leasing gold. They will stop leasing it because they will not have enough to lease to substantially affect the price of gold.

Gold Production On The Cusp Of Peaking

  • 05 June 2018
  • by Blogger

Prices convey information about economic conditions. The price of gold conveys information about the likelihood of future price inflation. This information governments and central banks want to distort. They do this by manipulating the price of gold through leases that are actually sales and sales that are announced in advance.

Inflation: The People's Enemy…The Government's Friend

  • 01 June 2018
  • by Blogger

The rising price of gold warns the general public that the government's tax policies and the central bank's monetary policies cannot be trusted. Worse, a rising price of gold transmits the availability of a profit opportunity: get rid of fiat money and purchase gold.

Anger as bailed-out Cyprus Cooperative Bank is put up for sale

  • 29 May 2018
  • by Blogger

I repeated over time that Cyprus bailout wouldn't be the last one. The rescue of Cyprus would serve as a model for the next round of bailouts. The Eurogroup head said this: “If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalize yourself?’ “If the bank can’t do it, we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalizing the bank, and if necessary uninsured deposit holders.”

LME Plans To Launch Yuan-Denominated Metals Futures Markets

  • 25 May 2018
  • by Blogger

Why would a central bank or a bullion bank say in advance that it planned to sell a large portion of its gold holdings? When a large holder of commodities is going to sell the commodity into the open market, he does not announce this in advance. His goal is to maximize the amount of money he gains by the sale of the asset. If he warns the world in advance how much he plans to sell and over which time period, this will depress the price if the sale constitutes a significant quantity. It is economically irrational for a seller of commodity to say in advance how much she plans to sell. I say "economically irrational" on the assumption that the goal is to make a profit. But if the goal is not to make a profit, but rather to inflict economic harm on people who hold a particular commodity as an investment, the announcement makes eminently good sense.

Why Gold is a Terrible Investment and will Save the Lives of your Children, Part #2

  • 22 May 2018
  • by Blogger

Inflation

You will hear people talk about “inflation”. Some even speak of it as a desirable thing.

It is not. Inflation is solely the creation of fake dollars and results in the theft of your savings. Anyone who tells you otherwise is reaching into your wallet and taking money out of it.

An inflation rate of “2%”, such as “targeted” by the Federal Reserve, is just a way of saying someone is going to steal half of the value of your savings every 30 years.

When you use a difficult to fake commodity as your medium of exchange there is not and cannot be inflation. Inflation is a lie used to rob you.

Why Gold is a Terrible Investment and will Save the Lives of your Children, Part #1

  • 22 May 2018
  • by Blogger

Central bankers do not want to fight gold investors by banning gold. They want to continue to expand the money supply but not face the consequences in the arena of public opinion. They seek ways to force down the price of gold because the price of gold is an indicator of central bank monetary policy. Central bankers today have a number of anti-gold investor policies. The most common policy is to lease gold to a specialized group of insiders known as bullion banks. The central banks call this leasing, but it is operationally a form of gold sales.

"Money Is Gold — and Nothing Else"

  • 18 May 2018
  • by Blogger

If you own gold, you are in a war. You are under assault. You had better figure this out early.

There is a full-scale war against you. The politicians and central bankers who are conducting this war against you are determined to see that you lose money on your investment. The reason why you are under assault is because you have demonstrated by your purchase of gold or a gold-related investment that you do not trust the monetary policies of your nation's central bank. If you are an American, this means you do not trust the monetary policies of the Federal Reserve System. You have taken a step that confirms your lack of trust in the government and its central bank.  Today, no government is restrained by a gold standard. No government, no central bank, and no commercial bank is required by law to redeem paper money or bank accounts for gold at a fixed rate of exchange.

 

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