Gold and silver look like they have bottomed – again. Perhaps this time it will be a real bottom instead of another fake-out like December 2013 and June 2014. Crude oil has crashed by about 30% in the last five months. The charts show what could be an important bottom. One would think that increasing conflicts in Iraq and the Ukraine would support oil prices. The S&P 500 Index has powered higher for 5 years with only minor corrections. The “Greenspan/Bernanke/Yellen Put” has levitated the market to a very high level. It looks like a danger zone to me.
Tag: debt crisis
The gold vs S&P500 ratio at the gold peak in 1980 was about 8. The ratio was trending downward from 1980 to about 2001. Subsequent to the stock market crash of 2000, 9-11, and the massive increase in spending and debt, the ratio now trends upward.
Jeff Deist speaks to author Philipp Bagus in the interview which is available below. We highlight some extremely interesting quotes from the interview. The discussion is a must-listen for everyone who wants to understand the fundamental issue with the Euro.
Gold shines in the face of unstable money, weakening confidence in the reserve currency, trade and currency wars, fear of another shooting war, crude oil supply disruptions, and destructive foreign policies.
If you are one of the few who understands and trusts real money – gold and silver – then take advantage of the current low prices, politics, and continual “money printing”. History is on your side in the ongoing conflict between unbacked debt based paper currencies and real gold.
From the latest In Gold We Trust report: We expect that financial repression as well as wealth taxes in various facets will increasingly gain in importance in coming years. We believe this to be a disastrous strategy, as the redistribution will merely buy time, while the structural problems remain unsolved.
A severe economic and/or political crisis can sneak up on you before you know it. Learn from the three harrowing stories of international crisis survivors—and the insightful comments of experts like Doug—how to recognize a crisis in the making. You may need those skills soon because it can, and will, happen here…
Governments, such as the United States, United Kingdom, Europe, and Japan, spend their paper currencies as if tomorrow will never come. They act as if they believe debts can increase forever, more money will always be available, and debts can be rolled over forever. A recent US vice-president even stated that “deficits don’t matter.” Such economic sins may help the financial elite but they ultimately hurt most people and most economies.
The newest publication from Global Gold Switzerland “The Clean Slate” focuses on the theory and practice of economic cycles. In just 12 pages, the “Austrian Business Cycle Theory” is explained in a simple and accessible way. The key is that economies operate in cycles, they go through ‘booms’ and ‘busts’, ‘expansions’ and ‘recessions.’ Austrian School economists argue that central banks don’t help in smoothing the amplitude of the cycles, but are actually the root cause of the business cycle.
We must understand what money actually is… and why Gold is money. As J. P. Morgan famously stated, ‘Gold is money… everything else is credit’. To put it bluntly, bank notes, Dollar bills, all forms of Fiat currency are IOU’s; that is, credit (debt)… and circulating debt notes cannot extinguish debt, they simply shuffle debt around. Money and debt are polar opposites.
In this video featuring resource investor Rick Rule and sound money specialist Mike Maloney, both men discuss the high probability scenario in which governments will confiscate our bank accounts (or parts of it).
If a printing machine were to print one 100 US dollar note and one 100 Euro note every second, day and night, Saturdays and Sundays, without interruption, how long would it take to print the current level of debt of America and Germany? USA needs to pay off 67 human lives. Germany needs to pay off 8 human lives.
In the latest Investor’s Digest of Canada, Johny Embry, strategist at Sprott Asset Management, praises one of the latest precious metals book. Obviously, the book he refers to is “The Gold Cartel; Government Intervention in Gold, the Mega-Bubble in Paper and What this Means for your Future” written by Dimitri Speck.
In the era of information overload, people are starving for knowledge. It is one thing to hang on the lips of policy makers of this world, it is another thing to stay unbiased against their words and actions. In that respect, some basic, fundamental questions are too often overlooked (in general, by the mainstream). In that respect, we believe every self respecting individual should at least look for answer on very obvious questions, related to money and policy, like the following ones.