Archive - 2013 - Blog entry

However, while price manipulations may work in the short term, in the long term gold prices will be dictated by the real world forces of physical supply and demand for gold coins, bars and jewellery. The smart money is fading out the considerable noise regarding volatile intraday price falls and focusing on gold's importance as a long term diversification in a portfolio.

When the Taper Talk sign is on, beware. The sign is now brightly lit.

There are increasing signs of deflationary risks in the developed world, suggesting bonds are set for a comeback. 

When the US shutdown sent shivers and ripples through the financial markets in October with the fear that the federal government would end up defaulting on the repayment of its debts, the banks decided to set up contingency plans.

CBO estimates that U.S. may be able to push the debt ceiling deadline to as late as June of next year, but OECD is already freaking out about the prospect of a U.S. debt ceiling bind....

3 Senators with Top Secret Clearance “Have Reviewed This Surveillance Extensively and Have Seen No Evidence That The Bulk Collection of Americans’ Phone Records Has Provided Any Intelligence of Value That Could Not Have Been Gathered Through Less Intrusive Means”

Crowdfunding now going mainstream in SouthEast Asia

The Law demands that we atone;

When we take things that we don't own;

But leaves the lords and ladies fine;

Who take things that are yours and mine... (Anon.)

The Fed’s economic models, and 99% of the economic models employed by Central Banks in general, believe that monetary easing can bring about an economic recovery. The primary argument for this crowd if QE has thus far failed to produce a recovery is that the QE efforts have not been big enough. And then there’s Japan...

“This is different" and "this location is different" is the mantra of every property bubble. We will soon see if the London property bubble is truly different or will suffer the fate of the bubbles throughout history. Of the four charts in our market update today, which ones do you think show characteristics of a bubble? Those diversifying and buying gold in the UK will be rewarded in the coming years. The smart money is reducing exposure to overvalued London property and increasing exposure to undervalued gold. 

Five years ago it was worth $0. Then, a month and a half ago it went to $150 a piece. On Monday it shot to over $600.

Yesterday the US Senate held hearings on "virtual currencies" (meaning Bitcoin).  Meanwhile the "virtual currency" ran up above $800/USD and it was reported it got above $900.  It pulled back but as of now, is hovering above $700.

To Bit or not To Bit...

The big news that has somehow shocked the media is that the BLS was caught fudging the jobs numbers going into the 2012 election. How on earth is this news? Anyone with a working frontal cortex is aware that CPI, the unemployment numbers, GDP and virtually everything else reported by the Federal Government is massaged to the point of being fraudulent.

Pushing the neo-liberal argument further than it wants to go, with interesting results.