Sprott Money's blog
Legal Tender Coins Shed Clues On Bullion Racket, Part I
Submitted by Sprott Money on 03/11/2015 04:55 -0500One of the “mysteries” of our modern (i.e. fraudulent) precious metals markets is explaining the face-value of our gold and silver minted coins, meaning relating their nominal price to their actual value. The face-value on U.S./Canadian silver 1-oz coins is $1 and $5, and the face-value for our 1-oz gold coins is $50. For those investors (including this analyst) who began using precious metals as a vehicle for wealth-protection at a relatively late date; the face-value of these coins seems totally arbitrary.
Debt-Free Money: NOT a Solution
Submitted by Sprott Money on 03/10/2015 04:26 -0500Most Canadian readers (in particular) will be aware by now of an extremely important trial currently taking place, a lawsuit by a citizens’ action group against the Bank of Canada: COMER vs Bank of Canada. It is extremely important, both in specific and symbolic terms, which is precisely why the Corporate media has totally censored any/all coverage of this legal challenge, which goes to the very heart of the corruption of our current monetary system.
Chris Mayer: No Big Theme in US Stocks, Just “Special Situations and Quirky Opportunities” (Sprott’s Thoughts)
Submitted by Sprott Money on 03/07/2015 06:16 -0500There’s a big macro theme playing out in Europe – a once soft economic environment that allowed lots of inefficiency is becoming tougher and forcing companies to restructure, says Chris Mayer, author of Capital & Crisis and Mayer’s Special Situations.
The Circus Is In Town
Submitted by Sprott Money on 03/04/2015 23:58 -0500A three ring circus is performing – to entertain and impoverish the western world.
Baltic Dry Index Crashes: Calamity or False-Alarm?
Submitted by Sprott Money on 03/03/2015 23:54 -0500For this commentary to make any sense to most readers; it’s necessary to address the two questions which immediately come to their minds: “what is the Baltic Dry Index?” and “why should I care about it?” Dealing with these questions in order; the Baltic Dry Index measures the prices paid to ship various forms of cargo, in the form of an index.
Gold and Debt: Astonishing Comparisons
Submitted by Sprott Money on 03/02/2015 23:55 -0500Debt and budgets in the trillions of dollars and euros are difficult to comprehend. The US budget is nearly $4 Trillion per year while the US official national debt exceeds $18 Trillion. A single large bank may hold contracts for more than $50 Trillion in derivative contracts. Global debt is approximately $200 Trillion.
Debt-To-GDP Ratios Demand Debt Jubilee
Submitted by Sprott Money on 03/01/2015 23:51 -0500Clearly if Western governments were ‘merely’ drowning in debt-to-GDP ratios of roughly 100%, then theycould still argue that attempting to manage these debt-loads was legitimate rather than treasonous. However, Germany’s government (debt-to-GDP of 188%) can no longer make that claim. Nor can:
Ask The Expert – Hugo Salinas Price!
Submitted by Sprott Money on 02/28/2015 07:05 -0500
In this exclusive interview, Hugo Salinas Price share his views on precious metals, provides some historical background on gold and silver money, the manipulation of the precious metals markets, the inevitable collapse of the fiat money, and more…
$1,000/oz For Silver (Today): A Starting Point
Submitted by Sprott Money on 02/27/2015 10:26 -0500Regular readers are well aware of an unresolved problem/issue which has permeated these commentaries for (especially) the past three years: the lack of any rational or objective means for pricing assets, most notably precious metals themselves. There are two enormous obstacles facing any analyst, in attempting to resolve this issue.
Eric Sprott Was Right — Oil Slump Says ‘No’ to Recovery Story (Sprott’s Thoughts)
Submitted by Sprott Money on 02/26/2015 16:01 -0500Gas prices are some of the highest in the country in San Diego, California, and it still cost me only $2.96 a gallon to fill up my tank last week.
There’s an excess of oil supplies, according to analysts. You can see from the chart below that global oil production has been rising steadily over the last three years.
Gold: The Good, Bad, and Truly Ugly
Submitted by Sprott Money on 02/25/2015 18:15 -0500Although it may be unrealistically optimistic, I believe my paraphrase of a Churchill quote:
“Central Bankers will eventually do the right thing and return to a gold standard after they have exhausted all other alternatives.”
Is Greece Being Forced into the Waiting Arms of Russia?
Submitted by Sprott Money on 02/23/2015 16:30 -0500We may all be witnessing the beginning of the end of the European Union. For years, experts have stated that it is unsustainable for Greece to stay in the European Union. For years, those experts have been proven wrong.
The U.S. Economy is Dead
Submitted by Sprott Money on 02/20/2015 07:05 -0500
For the past quarter century; the most effective “stimulus” for the U.S. economy has been a fall in gasoline prices. This is no great surprise, given that the United States had been the most gas-guzzling nation on the planet – and by a wide margin. But times have changed!
Usury, 0% Interest Rates, and Worthless Currencies
Submitted by Sprott Money on 02/19/2015 11:12 -0500A regular reader recently raised a subject (on our Forum) which should be a frequent topic of discussion in our ultra-corrupt societies, but isn’t: usury. Everyone knows the meaning of the word: lending money at “excessive” or “exorbitant” rates of interest. Yet few of us ever contemplate its significance.


