Tag: inflation

Time to Accumulate Gold and Silver

Time to Accumulate Gold and Silver

By Jeff Clark, Casey Research Do you own enough gold and silver for what lies ahead? If 10% of your total investable assets (i.e., excluding equity in your primary residence) aren’t held in various forms of gold and silver, we at Casey Research think your portfolio is at risk. After speaking at the Cambridge House conference last month and talking with many attendees, I came away convinced that most investors fall into one of two categories: those that hold an abundance of gold and silver (which tends to be physical forms only), and those with little or none. While both groups need to diversify, I’m a little more concerned about […]

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Vietnam’s central bank plans new gold regulations

| February 27, 2012 | Articles: Gold Silver Prices

Vietnam’s economy is facing hard times and the communist government is desperately seeking ways to solve the crisis affecting the country. In the past two years the Vietnamese central bank has taken a series of measures aimed at avoiding further capital flight from the country. Measures taken by the government thus far include greater controls on the gold market. According to estimates there are 300 to 500 tonnes of privately held gold in Vietnam. Nguyen van Binh, governor of the Vietnamese central bank, stated in an interview that he wants “to mobilise gold from the public in service of the socio-economic development.” The State Bank of Vietnam is keeping a […]

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US dollar to resume downtrend?

| February 21, 2012 | Articles: Gold Silver Prices

“Talk of the town” is of course the news that the eurozone has agreed a new €130 billion package of loans to Greece, with the Greek government expected to accept greater oversight over its budget and private creditors agreeing to take a 53.5% write down on their Greek sovereign debt. It is hoped that via strict adherence to austerity measures, the Greek government can reduce its debt from 160% of GDP to 120.5% of GDP by 2020. There are, however, less sanguine projections. ZeroHedge links to an article by the FT’s Peter Spiegel (subscription required), who notes that “A ‘tailored downside scenario’ prepared for eurozone leaders in the report suggests Greek debt […]

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John Williams sees $8,890 Gold and $517 Silver coming

| February 20, 2012 | Articles: Experts Talk

John Williams of Shadowstats, discusses some extraordinary prices for gold and silver as well as giving an update on his hyperinflation watch. Williams also says that there is no recovery in the economy and inflation is picking up steam. Here is what Williams had to say about the situation: “Hyperinflation Watch: The upside pressure on oil prices, at the moment, largely is from escalating political tensions in the Middle East, not from significant new weakness in the U.S. dollar. Risk remains high, though, of a sharp sell-off in the U.S. dollar and dumping of dollar-denominated paper assets, particularly as the euro area crises come to head and the damages are […]

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The race to debase proceeds apace

| February 20, 2012 | Articles: Gold Silver Prices

Gold and silver have opened today on a strong note – silver in particular buoyed by signs that at long last, we may be reaching a definitive deal on a €130 billion bailout that will allow Greece to avoid defaulting on its sovereign debt. Precious metals and risk assets such as mining stocks have also been boosted by news that the Chinese authorities have cut bank reserve ratios in China. Combined with news that Iran is halting oil shipments to the UK and France, and it’s no surprise to see oil prices surging higher, with Brent crude up 0.98% on Friday’s close at over $120 a barrel, and WTI even […]

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The First Step Toward Hyperinflation?

Moody’s has threatened to downgrade the UK. It could be the first step on a horrible journey…read more

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Indian Investors Keen to Buy Gold and Silver

Following growing interest from small investors in India, Indian Commodity Exchange, which started operations in late 2009, is to soon introduce micro volumes of gold and silver contracts of up to 1 kilo each, writes MineWeb‘s Shivom Seth in Mumbai. The Exchange is a screen-based on-line derivatives exchange for commodities. At the end of last year, it had recorded one of its highest volumes in physical delivery of bullion (gold and silver) on its platform. “With the spurt in the demand of gold and silver in recent times, commodity exchange trading in these precious metals has surged in India, which is arguably the world’s largest bullion market. Delivery as a percentage of average […]

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How Savings Accounts Became Rubbish

BEFORE the late 18th and early 19th century, there was no facility for most people to save. Banks did not accept small deposits and had no interest in anyone but the rich. Although building societies existed then, their purpose – as the name suggests – was to finance the building of houses, writes Jason Riddle of Save Our Savers. The idea for savings banks evolved against a background of severe economic decline and appalling poverty. The philanthropists who set them up were motivated by a strong belief in thrift and self-help. But their establishment was not purely a philanthropic gesture; savings banks made sound economic sense. The rudimentary welfare system of the day, […]

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Fed’s zero interest rate policy could affect GDP and gold’s price

Both the US Federal Reserve and the European Central Bank are now offering limitless quantities of new money – the ECB to support the banks, and the Fed for reasons (despite explanations) that are not entirely clear. The Fed in its press release announced that it expected interest rates to “warrant exceptionally low levels for the Federal Funds Rate at least through late 2014.” The fact that the central banks governing the two most important currencies in the world are issuing money to all-comers at very little interest cost for up three years has not been lost on gold and silver, whose prices shot up in response to the Fed’s […]

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Our exponential debt system

| January 18, 2012 | Articles: Insights

The word “debt crisis” has made it into everyone’s vocabulary by now. People are talking about how we were “living beyond our means” and are debating how spending cuts, …

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China slowdown continues; UK inflation eases

China slowdown continues; UK inflation eases

Today seems to be shaping up to be a “risk on” kind of day as far as the markets are concerned, following the release of Chinese GDP data for the fourth quarter 2011. The world’s second-largest economy grew by 8.9% in comparison with the same period a year earlier, which was down from 9.1% in the third quarter, though better than the 8.7% increase economists surveyed by Bloomberg had expected. As reported by the BBC, growth for the full year was 9.2% – down from 10.3% in 2010. Thus the economic slowdown in China continues, though commodities and the stocks of commodity producers are rallying on speculation that this will prompt the […]

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