GoldCore's blog

The inverted relationship between gold and the dollar broke down in November 2011. The dollar soared from July to the present, spiking 21% against the other major currencies. Most of the negative commentary regarding gold in recent months misses the rather bigger point that the gold price has held up remarkably well given the extent of dollar’s move.

Many analysts regard this as further evidence that the Fed is caught in a bind. What is yet to be appreciated by most analysts is that it is unlikely that the massively over-leveraged and debt-saturated financial system can weather increases in interest rates.

“Most of the time you don’t want to pay for it. But if you need it, you’re glad you have it ...”

Happy Saint Patricks Day ! Thanks to all ZeroHedge readers for interaction, shares and indeed business.

Gold's up 11% against the euro this year, in addition to 12% last year. It has risen versus many major currencies and suffered only modest declines in a few currencies this year. Most central banks are involved in competitive currency devaluations.

Warren Buffett's “financial weapons of mass destruction” - how are you?

- Silly gold ‘bug’ name calling shows bias against gold and towards stocks   - “Gold bugs” and “stock roaches” can peacefully coexist - Maybe a rational debate would be enlightening  ...

With all the focus on Grexit in recent weeks, investors have not paid much attention to the risk posed by ‘Brexit’ or the possibility of the UK leaving the European Union.

Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.”

There is a major new buyer in the gold market - Apple  ... New Apple watch could use up to one third of total annual gold supply... Each watch to use up to two ounces of gold... May have enormous ramifications for gold market and propel prices higher

Bronzeye identified a weakness in the two-step authentication process used by most banks and reported it to the FCA in July of last year. It identified one “large British bank”, the name of which was redacted in the documents, that had “22 critical vulnerabilities”.

“Yes, it’s legal, but it’s just not a very nice or Canadian thing to do.“ Similarly, in Europe, an artist known as Stefanos has been defacing euro notes with images of little human figures in a painfully bleak depiction of life in Greece under austerity.

- “Bail-in is now the rule” - EU Finance Minister Noonan  - Austrian bondholders today … international depositors tomorrow ... We urge readers to diversify deposit holdings and acquire allocated gold to protect their wealth during the next phase of the banking crisis.

Reuters Interview GoldCore. How has demand compared in different regions of Europe so far this year? p.s. Dislike term silver bug and gold bug. Pejorative and we don't call people stock roaches or paper bugs or dollar bugs   : )

- Greece warns may default on IMF loan next week - Greek bank runs continue and deposits flee  - The truth can be a scary thing sometimes … especially for those who put their head in the sand and ignore it ...