Tag: gold

The real cost of not owning gold

The real cost of not owning gold

Bloomberg recently published an illustrative slideshow titled “The Real Cost of Owning Gold”. As usual when dealing with precious metals, in an attitude that is widespread among the mainstream financial press, the tone is dismissive, disdainful and almost mocking of those that advocate ownership of hard assets – and especially gold. The reasons for this hostility are fairly obvious. First, ignorance: precious metals have been out of fashion for over 30 years, and financial analysts (average age 35) know little about them. Most would have came of age, professionally and intellectually speaking, during the early part of the last decade – at a time when gold investors were the crazy-old uncles of […]

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Caesar Bryan: Gold To Be Viewed As Risk Free Asset In This Chaos

With investors wondering where global markets are headed next, today King World News interviewed 25 year veteran Caesar Bryan.  Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994.  Caesar told KWN that he expects central banks to be much more active going forward.  Here is what Ceasar had to say about the ongoing crisis:  “We are still seeing the effects of too much debt, and the authorities are coming to grips with how to deal with this phenomena.  This is going to prove to be a very tough assignment.” Caesar Bryan continues: “In Europe, Spain’s banking system needs recapitalizing.  […]

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Peter Schiff: if you really care about the debt crisis, then you should be in gold

Peter Schiff explains his economic view on the important moves in the financial markets past Friday and concludes with his take on gold. It all started with the US jobs data for May: estimates were that 150.000 new jobs were created, but instead the number stuck at 69.000. That means unemployment rate in the US is now  8.2%. If you have a look at another unemployment number – being the so-called U6 which includes also the discouraged unemployed people – the rate is 14.8% now. Apart from the bad US unemployment numbers, the expected GDP in Q1 was revised downward and is now expected to be 1.9%. But Peter Schiff […]

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Myths and Realities of Returning to a Gold Standard

Myths and Realities of Returning to a Gold Standard

By Terry Coxon, Casey Research The gold standard, under which any holder of paper dollars could redeem them for gold at the US Treasury, is now within the living memory of just a few million Americans, nearly all of whom would be dangerous behind the wheel. But thanks to the money printing and the federal deficits that have grown to astounding scales since 2008, and thanks also to the clashing pronouncements of Ron Paul and Ben Bernanke, the idea of a gold standard has resurfaced in the public’s consciousness. I’m happy to see the concept enjoying a revival. Reading about it in the mainstream press and hearing it mentioned on […]

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Gold’s Contrarian Moment

Gold’s Contrarian Moment

By David Galland, Casey Research Glancing at the news most days, it’s hard not to feel like Bill Murray’s character in Groundhog Day. In the event you are unfamiliar with the movie, in it Murray’s character becomes trapped in the same day… day after day. In the current circular condition, we have the powers-that-be assuring us that the next high-level meeting will finally produce a permanent fix to the broken economy, essentially solving the sovereign debt crisis. Then, in no more than a few days, or at most a couple of weeks, the fix is revealed to be flawed and the crisis again sparks into flames… followed shortly thereafter by […]

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What Can We Infer From the Gold:Dow Ratio?

What Can We Infer From the Gold:Dow Ratio?

There is all the talk of Greece leaving the eurozone and we are already seeing a slow-motion runs on Greek banks. The Financial Times reports that €5 billion has left Greek banks in just the last two weeks and the more that Greek citizens feel it is possible that their country will leave the euro, the more incentive they have for pulling their money out and sending it abroad. There are no rules in place for a country to leave the eurozone and it is anybody’s guess as to how severe the impact of such a move will be. These are uncharted waters and the sailing could get very rough. […]

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Gold, Silver and The Miners Bottoming While Facebook Is Busting

We are witnessing a few cautionary signs that indicate a radically overbought U.S. equity and bond market.  Stealthily, the precious metals, and mining equities are bottoming.  The strong uptrend in the equity markets since October of 2011 has caused many investors to join the herd in the latest investment fad entitled, “Social Media”. Take a look at Groupon, Zynga, LinkedIn, etc.  Their vogue will not last forever.  Sentiment for the social media sector may be reaching an euphoric extreme, while the mining stocks have fallen into public disfavor.  The miners are bottoming at historic low valuations while the initial public offering of Facebook is valued at 100 times trailing earnings.  […]

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The truth about gold : it can not lie

The past years have characterized the financial markets as volatile, leveraged but also intransparent. Complex financial instruments have flooded the markets. At the same time, the impression we get from governments is they are doing their utter best to “hide” some facts, surely if it comes to economic related matters. This is our perception, as observers of markets. Let’s review some recent examples where service providers or governements mastered intransparency but where they failed to hide the truth. First and most recent, JP Morgan announced initially 2 billion losses on some “trades”. Only a week after their first announcement, it appears their loss increased already to 5 billion. Well, that’s more than their […]

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The All-Important Question

By David Galland, Casey Research For pretty much everyone, no matter where they are located in the economic strata, few if any questions are more germane to making plans for the future than whether the US and other major global economies are in recovery. Getting the answer to that question right is of special importance to investors and businesses. Stating the obvious, if the broader economy really is in recovery, then investors would be well served by investing in the equities of solid companies positioned to take advantage. Similarly, those very same solid companies would be rewarded by increasing their productive capacity through investments in the plants and people necessary […]

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Egon von Greyerz: Investors Need To Be Positioned For More Chaos

Today Egon von Greyerz told King World News that “these are massive historic events we are witnessing.”  Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland.  Von Greyerz also said, “investors need to be positioned for more chaos in the future.”  But first, here is what Greyerz had to say about gold:  “A lot of investors are nervous today, you can see that in the markets.  But if you look at the gold market, for example, the fact that the gold price is down 17%, in terms of dollars, from the $1,920 level and down less than 10% in euro terms, we are still consolidating […]

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John Hathaway: Complete Flush in Gold & Savers to Get Screwed

Four decade veteran John Hathaway, told King World News that we have seen a complete flush in the gold market.  The prolific manager of the Tocqueville Gold Fund also said Europe is beyond saving and gold will benefit from the continued chaos.  Here are the critical observations by one of the most extraordinary 5-star rated Morningstar fund managers:  “I just think we’ve had a complete flush.  You know they’ve been hitting stops for the last couple of days.  I feel like the worst is past.  People are shunning this area and this is going to be the place to be going forward.” John Hathaway continues: “If you look at Europe, it’s beyond […]

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David Stockman: The Emperor is Naked

Source: Karen Roche and JT Long of The Gold Report  (5/4/12) A “paralyzed” Federal Reserve Bank, in its “final days,” held hostage by Wall Street “robots” trading in markets that are “artificially medicated” are just a few of the bleak observations shared by David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget. He is also a founding partner of Heartland Industrial Partners and the author of The Triumph of Politics: Why Reagan’s Revolution Failed and the soon-to-be released The Great Deformation: How Crony Capitalism Corrupts Free Markets and Democracy. The Gold Report caught up with Stockman for this exclusive interview at the recent Recovery Reality […]

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James Turk: Gold & Silver Bottoming as Euro Troubles Reemerge

With investors around the world are wondering what to expect after key European elections, today King World News interviewed James Turk out of Europe.  Turk told KWN that gold and silver are bottoming, but first, here is what Turk said investors should expect after Europe’s elections:  “The incumbents were routed in some important elections over the weekend here in Europe, Eric.  The two parties in Greece that supported the EU bailout and all of the austerity it requires only received 31% of the vote between them.  Five other parties received enough votes to have members in the Greek Parliament.” James Turk continues: “These diverse groups probably mean any coalition to form a […]

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Keynesian vs Austrian debate hotting up

| May 5, 2012 | Articles: Insights

Last week, an Austrian-School economist, Robert Wenzel, gave a speech to the New York Federal Reserve, and separately Bloomberg hosted a television debate between Ron Paul, who is running for the Republican Presidential nomination, and Professor Paul Krugman, one of the foremost advocates of Keynesian economic policy. The debate between advocates of big government and small government is beginning to move into the media. It is not so much a question of who wins the debate: rather it is that the minority Austrian view is being noted by a few economists at the Fed, and that Krugman, who last year turned down an opportunity to debate economics with Robert Murphy of the […]

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