Archive - 2015 - Blog entry

Gold bullion coin and bar demand surged in Q3 as gold’s continuing COMEX driven price weakness in July and sharp falls in stock markets in China and globally in August saw store of wealth buyers internationally again accumulate bullion.

Good Thing Debt Doesn't Matter! </sarc>

"This will most likely drive a drawdown much like the one we saw in 2009 and 2010."

Prepping has not only gone mainstream, it's infected even the billionaire culture as referenced recently on a ZH article:

It is important to note that the current weakness of gold is primarily in dollar and sterling terms. For investors in Canada, Australia, New Zealand and the EU gold is once again acting as a hedge.

Breaking a critical trendline (particularly one that has been in place for several decades) is one thing. Breaking it and then failing to reclaim it during the following bounce is indicative of BEAR MARKET.

Hypocrisy gets a mulligan...

There is “a barbarous relic” in our global monetary system. It is the U.S. dollar: the worthless, monetary relic of an empire in decline.

Many think of government interference like friction in a car: the more you add, the slower the car. One source of friction is the same as any other.

Monetary policy doesn’t quite work the way tax or regulation does.

Tarp Man Commeth...

Rooftop Solar Poses a Threat to the Utilities’ Century-Old Business Model of Centralized Power … So They’re Trying to Make Solar Much More Expensive

Prudent companies internationally are allocating capital to gold and silver bullion as a way to diversify their assets and as a form of financial insurance to protect against bank bail-ins, capital controls, currency debasement and other risks posed by another financial crisis.

The cobasis briefly peaked around 11% (from around 0.5% previously).

Those who choose to distance themselves (and their wealth – however large or small) geographically from the centre of the hurricane will fare best.

JS Kim Issues Critical Warning About Newly Introduced Global Banking "Gold Programs". Could Bankers Be Duping Us into Yet Another One of Their Reverse Alchemy Schemes?