Tag: currency crisis

Is Russia Preparing To Introduce A Gold Standard?

Is Russia Preparing To Introduce A Gold Standard?

The key motivation behind the accumulation of gold is undoubtedly linked to secure the country from the increasingly inevitable collapse of the global currency system. As Macleod points out, “this ultimately is the importance of gold for Russia, and the fact she has been acquiring it aggressively suggests Putin knows it. Putin is not like a western politician driven from one trivial crisis to another and wholly reliant on a central bank to handle money matters.”

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Geopolitical Tensions And Currency Debasement Will Push Gold Prices Higher

| February 17, 2015 | Category: Price
Geopolitical Tensions And Currency Debasement Will Push Gold Prices Higher

The race to the bottom continues unabated in the currency wars. And, no matter where you live, if you are stupid enough to believe the rhetoric being spewed out by politicians then you deserve to suffer the consequences. Unfortunately, you have to have a financial insurance policy that will save you from the actions of the current financial and political elite. While there are lots of great options available, owning physical gold and especially silver should be an essential part of this policy.

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Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil

| February 3, 2015 | Category: Price
Rising Gold Price Warning Sign Of Future Monetary And Currency Turmoil

So far this year the price gold has risen against all major currencies, including the US dollar, with the price above 200-day and 50-day moving averages in bullish formation. To date from its lows gold has risen by up to 13% against the USD, 18% against the pound, 30% against the euro, and 32% against the yen. And, the rise against weaker emerging market currencies has been correspondingly greater. The rising gold price is an early warning of future monetary and currency turmoil. And, as the major central banks around the world continue to print enormous amounts of money, an increase in the demand for physical gold can be expected.

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Volatility On The Rise As Gold Being Bid Along With Other Safe Havens

| January 20, 2015 | Category: Money & Currency
Volatility On The Rise As Gold Being Bid Along With Other Safe Havens

The key take-away of this article is that gold has not lost its luster, contrary to what mainstream media and pundits have been explaining in the last two years. Despite the big decline in the price of gold in the first half of 2013, gold has been holding up very well since then, and is clearly acting as a safe haven of late.

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To SNB Head Thomas Jordan: Please Stop Politicizing The Gold-Initiative Debate With Propaganda

To SNB Head Thomas Jordan: Please Stop Politicizing The Gold-Initiative Debate With Propaganda

The first one of the QE Central Banks that attempts to exit QE will be flooded with capital inflows with the accompanying strong currency appreciation. Indeed, such currency appreciation will crush the economy via the export sector, whilst it will import price disinflation. This falling inflation will in turn give the central bank the cover to renew again any QE policies. This is the so-called boom and boost inflation-deflation cycle that central bankers create with their bias towards expansionary policies.

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Safe Havens Since The Great Financial Crisis

Safe Havens Since The Great Financial Crisis

With the distortion created by central planners it is unlikely that a long term rise in any asset is able to hold. The global currency war will undoubtedly result in cracks in the monetary system and in several currencies in particular. Do not exclude the landscape to change with a political decision; in a matter of seconds the world could look different. In the same respect, the probability of a monetary event shocking the landscape of currencies is very high. In case gold is remonetized with the aim to alleviate the world’s debt burden, a sudden spike in the price of gold could realistically be expected.

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Gold Price In Ukraine 75% Higher In 2014

| April 21, 2014 | Category: Price
Gold Price In Ukraine 75% Higher In 2014

The chart shows how the Hryvnia has been devalued significantly against the USD in 2008, from 0.22 to 0.12. It remained rather stable until this year, when the currency collapsed from 0.12 to 0.08. At the same time, the price of gold in Hryvnia went from 4,000 to 8,000 in 2008. Since the beginning of this year, Hryvnian gold exploded from 10,000 to 17,444 last week.

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Jim Rickards: Our Monetary System Is Instable and It Will Collapse

Jim Rickards: Our Monetary System Is Instable and It Will Collapse

What matters is the instability of the system. What you need to study is the instability of the system. If you get that right, you will be able to see the collapse coming. The trigger is really irrelevant. A trigger could be the failure of a firm, the failure of an exchange, some kind of panic, a natural disaster, suicide of a prominent person. It really doesn’t matter what it is; what matters is your system is instable and it is going to collapse.

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Gold Price Exploding In Emerging Markets

| January 27, 2014 | Category: Price
Gold Price Exploding In Emerging Markets

The interesting part for us, gold enthusiasts, is the price of gold in the slaughtered currencies. Gold in Argentine’s Peso is up 30% in the last 30 days; it is trading at all time highs.
Gold in Turkish Lira’s is up 17% in the last 30 days; it is trading just 10% below its all time highs of September 2011.

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Jim Rickards’ Newest Book: The Death Of Money

Jim Rickards’ Newest Book: The Death Of Money

This article presents a first insight in the sequel to Currency Wars, the best selling book written by Jim Rickards. The new book is titled “The Death of Money, The Coming Collapse of the International Monetary System.” The book confirms the predictions made in “Currency Wars” and goes deeper in the matter by explaing how the international monetary system might collapse and how the new monetary system could look like.

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Jim Rickards: Gold Price Could Double Overnight In US Dollar Crisis

Jim Rickards: Gold Price Could Double Overnight In US Dollar Crisis

In a major US dollar devaluation crisis, which would occur if the US would fail to raise the debt ceiling on Thursday October 17th, there should be a significant impact on the gold price. Jim Rickards wrote about this in his bookin which he envisages a series of ‘black swan’ events that trigger a loss of confidence in the US dollar precipitating a rush to get out of the greenback. In such a scenario, the market would question the Fed’s staying power. A dollar collapse would ensue and gold could double in price overnight.

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10 Currency War Insights From Jim Rickards

10 Currency War Insights From Jim Rickards

In his latest TV interview, Jim Rickards gives an update on currency wars and explains several key principles. We have summarized them in this article in ten different insights.

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Gold & Silver – Antidote Against The Status Quo Of The Establishment

Gold & Silver – Antidote Against The Status Quo Of The Establishment

In this article, author GE Christenson compares the timely character of gold and silver. They have served humanity as a store of value and wealth for over 3,000 years. This is in sharp contrast to the values an habits associated with the (economic and political) establishment. In that respect, think of paper money, unfunded liabilities, pension plans, exponentially increasing debt, massive budget deficits, “too-big-to-fail” banks.

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Gold’s Protective Power In Action: India’s Ongoing Currency Destruction

Gold’s Protective Power In Action: India’s Ongoing Currency Destruction

The following paragraphs, quotes and charts paint a picture of a country desperately trying to save its economy and currency. The victims of this situation are of course the citizens. In their attempt to run to gold, they are stopped by their own government. How ironic is this situation when looking as an outsider. Did you ask yourself: am I prepared if this situation hits my country? In this global currency war, that just started two years ago and is expected to last till at least 2020, every country will be hit sooner or later. Are you prepared?

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