RSSCategory: Articles: General

Economist Sachs: The Amount Of Financial Fraud Is Enormous

Economist Sachs: The Amount Of Financial Fraud Is Enormous

Columbia Economist Dr. Jeffrey Sachs speaks to the Philadelphia Fed. This is his brief message: We are beyond the macro economics right now. We are to a level of legal accountability, tax regulation, transparency and a basic sense of fairness. We do not have it right now. Wall Street is pretty lawless and unfortunately the regulatory system that we have is nearly broken down.

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Quantitative Easing is a HEAVY Load

Quantitative Easing is a HEAVY Load

Our current Quantitative Easing process is creating about $85,000,000,000 in digital currency each month, or about $1 Trillion per year. About half a century ago we could buy a cup of coffee for $0.15, gasoline for $0.19 and a new car for under $2,000. What changed was the value of the money. We increased spending, budget deficits, national debt, and the money in circulation, and prices increased as a result.

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Arizona Governor Vetoes The Gold & Silver Legal Tender Bill

Arizona Governor Vetoes The Gold & Silver Legal Tender Bill

While we reported earlier this week that Arizona was as good as ready to adopt gold and silver as legal tender, after the Senate voted 18-10, it now appears that Arizone Governor Jan Brewer vetoed. In this short article we publish the letter that the Governor has written in which he explains his veto.

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Continuing Low Interest Rates In The US, Europe Joins The Party

Continuing Low Interest Rates In The US, Europe Joins The Party

ECB President Mario Draghi today cut its benchmark refinancing rate to a record low 0.5%. Based on official inflation rates, holding government bonds in large economies yields a negative return on 2, 5 and 10 years. Based on the unofficial inflation rate, bond holders are literally throwing away their money. So who said that gold is a worthless investment because it does not pay an interest?

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Arizona 2nd US State To Accept Gold & Silver As Currency

Arizona 2nd US State To Accept Gold & Silver As Currency

This week it is Arizona who is one step away of adopting gold and silver official as currency on a state level. The Senate voted 18-10. It is the governor who needs to sign off (but could refuse as well in extremis). The bill will make gold and silver coins legal tender as of mid-2014.

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Nine Facts & Figures About The Perth Mint In Australia

Nine Facts & Figures About The Perth Mint In Australia

The Perth Mint in Australia accounts for 300 tonnes of annual output, which equals slightly more than 10% of the world gold production (excl Russia and China). Being one of the largest mints in the world it is worth looking at the facts and figures behind the company. On the Perth Mint blog we have found nine interesting facts and figures.

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The Risk Of Continuing Gold Backwardation

The Risk Of Continuing Gold Backwardation

Renowned Professor Fekete recently wrote about the current backwardation in gold and explains what effects a prolonged backwardation could have not only on the gold markets, but on the economy as a whole. This is another risk related to paper gold trading which confirm that the only way one should invest in precious metals is by unencumbered physical ownership.

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Peter Schiff: Even The Big Mac Indicator Shows 6% Inflation

Peter Schiff: Even The Big Mac Indicator Shows 6% Inflation

Peter Schiff comments on the latest disappointing US GDP figures and the real inflation rate. Since 2002 the price of a Big Mac is up with 6% while the CPI has increased less than 2%. Besides he discusses the increase of 3.2% in consumer spending, the decrease of earnings and the savings rate (which stands at its lowest points since Q4 2007).

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Appetite For Physical Gold & Silver Remains Strong Worldwide

Appetite For Physical Gold & Silver Remains Strong Worldwide

The high demand around the world for physical gold and silver continues its race. In this short update we provide some highlights from different parts of the world, based on the latest reports.

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When to Buy a “Buy”

| April 27, 2013 | Articles: General
When to Buy a “Buy”

Buy, sell, hold, or pass altogether? This is the dilemma we face as investors, particularly if we subscribe to one or more investment newsletters. If a company was recommended in a previous issue, are we too late? Did the price escalate rapidly, or is it still a good choice? I subscribe to many newsletters myself, so it’s an issue I deal with often.

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Gold & Silver – Market Overview April 23d

| April 24, 2013 | Articles: General
Gold & Silver – Market Overview April 23d

Times are changing. Default is in the wind. It could happen. If so, expect the premiums on physical gold and silver to increase much further. There is no fever like gold fever. But as I see it, the important news is that demand for physical gold and silver is huge – worldwide.

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Manifestations In Argentina Against Money Printing & Capital Controls

Manifestations In Argentina Against Money Printing & Capital Controls

What is frightening is that politicians believe their own stories and think that the printing press will bring prosperity to their country and citizens. At least, they pretend to do so. Let’s get serious, who in this modern world reigned by the homo economicus still believes that adding huge quantities to the money supply comes without consequence?

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What Does The Future Have In Store For Gold?

What Does The Future Have In Store For Gold?

More paper money continues to be printed by central banks round the globe. Creation of $85.0 billion a month in new paper money by the Fed and its utilization for the purchase of government bonds and mortgage-backed securities has allowed inflation to creep in. In the past, gold has always climbed higher in such situations.

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This Is How Gold Rush Asia 2013 Looks Like

This Is How Gold Rush Asia 2013 Looks Like

The gold buying frenzy is the biggest in Asia. As we all know, we are living in an era in which gold is moving from the West to the East. Gold simply follows where the money goes, as James Steel once said. As a picture tells a thousand words, we will keep this story short and let the following pictures speak.

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