The chart shows the trend in a range based on a 95% prediction band. The stand-out feature on the chart is how gold remained within the range for the past 10 year for most of the time. The two exceptions were gold’s peak in the summer of 2011 and the collapse in 2013. Gold is close to entering the long term trendline.
Tag: monetary history
In this interview, Sprott Money talks with David Morgan about several topics. We have picked out some interesting parts of the discussion: long and short term outlook for the metals, as well as the part about the gold standard.
With a global competition in currency debasements, with limitless monetary stimulus, with decreasing effects of monetary expansion, with a conscious infringement of the monetary rules, it should be clear that there is hardly a way back for our leaders. Given this outlook, we believe it is a matter of “when,” not “if” the next collapse occurs.
Claudio Grass looks at the mess the world is in today and suggests to include a possible crash of the actual system as part of one’s risk assessments. Therefore, an investment into a tangible asset, without having any counterparty-risk, makes absolutely sense. It is impossible to foresee when the system will crash. Inevitable does not necessarily mean imminent. However, “I am convinced that this world will look very different in the coming years and what can be said, too, is that it is not developing in the right direction.”
We are of the firm belief that gold has an inherent, intrinsic value that most other asset classes lack. The world economy is shaped as much as the policies of the government as by the sentiments of people. And throughout history, people have shown the sentiment that when the going gets tough, they fall back on gold.
One of the hidden secrets of money is that each empire goes through 7 stages. It is a long term cycle that resembles a societal pendulum. It swings from quality money to quantity currency and back again to quality money. And here is the key: “It always ends with gold delivering a knockout blow to debased currencies.” A must-watch video.
Where does money come from? Is its value constant or does it change? Are there risks associated with money? These are all important questions, because today’s monetary system combined with fractional reserve banking has a lot of risks. It is vulnerable to bank runs, inflation, and economic bubbles, to name just a few. In this article we extract 12 insights from a new report prepared by Global Gold Switzerland: “Real vs false money – How our monetary system works and fails.”
As history has shown, the government can control the monetary system for a certain time but not endless. As time progresses, the market can take over control. With the global monetary system at risk levels never seen before, Holders of paper money should ask themselves what exactly they are owning … and what would happen if history is about to repeat itself.
Bank deposits are neither safe nor sacred. More financial disasters are inevitable and imminent. Your standard of living is likely to decline. Governments, agencies, and bankers are preparing for more confiscations. Plan on it! Buy gold and silver and remove it from the banking system.
This article represents an interview of Claudio Grass, managing director at Global Gold Switzerland, conducted by Incrementum Advisors AG. Claudio Grass explains why and how people should protect with precious metals. Interestingly, he brings his own story about how he “stumbled into” precious metals.
This article does an outstanding job in pointing to the fundamental reasons of owning and buying PHYSICAL gold and silver, from a monetary point of view. The fundamentals behind the debt crisis are explained, a matter that remains underexposed in mainstream media and education.
A new paper published by the Official Monetary and Financial Institutions Forum describes the gold is ready to become officially part of the monetary system … again. In order to stabilize the world monetary system, in the light of a deteriorating global currency war and the lack of a real alternative world reserve currency, gold is the only alternative currency that is ready to take on a leading role. One thing is for sure, it is the ONLY time tested currency as ALL paper based money systems have failed in history. Although the Renminbi is a candidate to play an leading role in the future, it is not ready to take up that role yet. Gold was money and gold continues to be money, although we temporarily somehow “forgot” in it in the West.
In exactly ten days, the Mayan calendar is ending a super cycle of 5125.36 years. The fuzz that was created about the end of the “world” was successful for the popular media. In reality, the world will still exist in 2013 but the point is that times could be changing. To answer the question what could be changing, the first step is to look back and try to see the key learnings of what we human beings have realized. Gary Christenson gives his view on the subject from a macro economic, monetary point of view. Yes indeed, this affects all of us and, more importantly, our future. The world will not end […]
We often read or hear quotes like “paper money eventually fail” and “paper money always returns to its intrinsic value which is zero.” In this article, we provide evidence why these statements are true, backed by research in which 599 different forms of paper money have been analyzed. We explain in an easy to understand way what money fundamentally is, how monetary policies of governments are affecting everyone of us and how gold is first and foremost an alternative form of money (for each and every one of us, not only for an elite). Courtesy of Vince Cate for the incredibly valuable research and David Morgan who referred us to […]
GoldSilverWorlds had the honour to do a Q&A with Ronald Stoeferle, who is a precious metals analyst and author of the well known reports “In Gold We Trust” (see last edition of the report). People tend to focus on the daily “noise” and often forget the long term view. The first point that Ronald Stoeferle made during our discussion, was that the major topics of his first report (from five years ago) are still relevant. In fact, he doesn’t see any fundamental change since then. The only change he noticed is that the figures became bigger, in the first place the debt levels and the amounts of the rescue packages. […]