gold Archive

Italian article this am

Misrepresents what I say a bit, but they do have my picture next to JFK! ;) The IMF: sovereign currency, no longer the monopoly of the banks Eliminate the public debt of the United States at once, and do the same with Great Britain, Italy, Germany, Japan, Greece. At the same time ...Read More

Central bank gold buying

Cutting spending, hiking taxes, and no qualms about buying gold… Gold up on central bank buying talk but outlook weak By Frank Tang and Amanda Cooper Three weeks of upbeat U.S. data have made investors more confident about the economy and less eager to hold gold as insurance against another slowdown. The ...Read More

euro zone update- markets yet to discount the discounts

The issues I’ve been discussing over the last year or two while now crystallizing, remain highly problematic. The idea of Greek default transformed from being a Greek punishment to a gift, with the pending question: ‘If Greece doesn’t have to pay, why do I?’- threatening a far more disruptive outcome that is ...Read More

Bernanke Admits Economy Slowing; No Hint of New Stimulus

In fact, no one on the FOMC has called for QE3, so it’s highly unlikely with anything short of actual negative growth. So the question is, why the unamimous consensus? I’d say it varies from member to member, with each concerned for his own reason, for better or for worse. And I ...Read More

DJ Mexico Ctrl Bk Bought 100 Tons Of Gold In Feb, March -FT

From a nation with a great tradition of condemning its people to life in the mines. This modern version is to work their tails off for a pittance in the US for the further purpose of moving gold from one hole in the ground to another. Not mention the real resources consumed ...Read More

Now that claims didn’t fall…

Claims didn’t fall, they went up some. So dollar still weak/commodities and stocks still moving up, and bonds only a touch off their recent highs. With the large output gap and unit labor costs well contained, it can be said it’s not so much the dollar is weak but the other currencies ...Read More

Irving Fisher quote

For all you gold bugs. Tell me Irv didn’t get it! “The U. S. is headed toward a period of business depression, probably beginning within the next two years, which may exceed that which preceded the War. . . . The only thing that will save us is a new gold policy ...Read More


>    >   (email exchange) >    >   Two quotes from a compilation of Einstein’s writings and speeches >   that I thought you’d enjoy: >    1) “The gold standard has, in my opinion, the serious disadvantage that a shortage in the supply of gold automatically leads to a contraction of credit and also of the amount of ...Read More

Gold Lending

Gold has been lent to short sellers ever since I can remember. We had a lending operation at Banker’s Trust in the 1970, and it might go back thousands of years as well. So this is nothing new. Lending gold is nothing more than selling it for spot delivery and buying it ...Read More

Mosler on Reuters

[Skip to the end] Round two. Constructive comments as well! Mosler: The wrong standard Reader Note: This is the second entry from Warren Mosler in a debate with Jim Rickards about how to fix the economy. More on the authors here. This is a response to Rickards first piece. Mosler’s first piece ...Read More