Precious Metals

Ken Rogoff’s Government Debt Default Plan

Ken Rogoff is by all accounts a brilliant man. The Harvard professor and former IMF chief economist is a chess grandmaster. His thesis committee included current Fed vice-chair Stanley Fischer. But like many survivors of Ivy League hoop jumping, the poor fellow appears to have emerged punch drunk. That’s the only conclusion to be drawn from Rogoff’s new book, The Curse of Cash , which, in effect, proposes a ban on paper currency.

Taper Tantrum II: "There's No Simple, Painless Solution"

It is time for central banks to start acknowledging their limitations, and doing so by acting and not talking about their future intentions. It is also time for investors to stop believing that central banks had the answers to begin with.

Dow 100,000? Marc Faber Warns: Central Banks "Will Monetize Everything... Introduce Socialism"

"...the madness in the present time may go on. In a manipulated market, it won’t end well... They could essentially monetize everything, and then you have state ownership. And through the central banking system, you introduce socialism and communism, which is state ownership of production and consumption. You would have that, yes, that they can do...I don’t think the central bankers are intelligent and smart enough to understand the consequences of their monetary policies at present."

GoldCore's picture

 It’s been estimated that the total worldwide value of such contracts equals 150 times the amount of gold in existence in the world  ... Uh-oh   ...  This is why it’s imperative that you purchase only physical, allocated gold.

"You Will Be Poor"

How much of your wealth does the government want? How much do you have?

Dow Futures Slide Over 100 Points Despite Fed's Dovish Relent; Oil Drops On IEA Pessimism

After yesterday's torrid rally, which sent stocks higher the most in 2 months on the back of Lael Brainard surprisingly dovish comments, we have seen an unexpected profit-taking session overnight in ES, with US equity futures down 0.6%, driven largely by a renewed drop in oil prices which slid after the IEA said a surplus in global markets will last longer than initially estimated, persisting well into 2017 as reported previously.

Sorry, You Can't Have Your Gold

Whatever the outcome of the coming economic crisis, those who have chosen the safest havens for their wealth will be those who will fare best.

Diversify At Your Own Risk

If one is to hedge with Treasury securities, they must also consider what happens if yields do not decline during a market correction. What if “safe-haven” securities traditionally used for hedging purposes were to lose 5% to 10% or even 20% or more?

Police Seize Over 5,000 Ounces Of Silver From Man's Home

Last week in the Australian state of Queensland, federal police confiscated a whopping 5,465 ounces of silver (worth roughly $106,000) from a man’s home. This was part of a larger series of police raids instigated by the Australian Tax Office against individuals suspected of tax evasion. Two obvious lessons come to mind which bear repeating...

Visualizing The (Massive) Size Of The US National Debt

When numbers get into the billions or trillions, they start to lose context. The U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average person to comprehend.

GoldCore's picture

As some of you may know, in a previous life I wrote a lot about gold and silver. I took the perspective of someone who was new and curious to the precious metals. I wanted to know more than just how the Fed announcements affected the prices, why demand and supply weren’t enough to predict movements and why history didn’t seem to have taught us any lessons.