Blog

November 10, 1997 – On October 24th a committee of government bureaucrats from the Swiss finance ministry and the Swiss National Bank shocked the Gold market. After having reviewed for several months Swiss monetary policy as well as the legal framework by which the Swiss currency is managed, the committee announced that it was recommendingRead more

October 20, 1997 – Many aspects of Gold are misunderstood by many people, and this lack of knowledge leads to numerous misconceptions about Gold, its usefulness, and in particular, its ongoing role as money. However, there is one aspect of Gold that is nearly totally misunderstood – interest rates. If you ask 99 out ofRead more

October 6, 1997 – It is a great pleasure to announce that the above referenced patent, which has just been published, has been awarded to me. I have invented a process which creates a new form of electronic currency, and as you might expect from me given my pro-bullion views, this process involves Gold. TheRead more

September 22, 1997 – In recent weeks as the Gold price slid to test support around $320, the bears have come out with newer and lower targets. Some say Gold is headed for $300. Some have set their price target to be $282, which is the 1985 low. These may or may not be reasonableRead more

August 25, 1997 – In the last letter I discussed some basic tenets and related misconceptions about the supply and demand of Gold. Most importantly, I noted that Gold is accumulated and not consumed. Therefore Gold stands in marked contrast to soybeans, crude oil and other commodities, all of which disappear once used. These non-accumulatedRead more

August 11, 2010 – At current Gold prices many of the mining companies are taking a drubbing. Clearly, the worst hit are those with the highest operating costs. Many of the more marginal mines (i.e., those mines now at or below break-even) have a cash operating cost above $300 per ounce. In other words, itRead more

July 21, 1997 – When it comes to markets and making investment decisions, I don’t except anyone’s pronouncements at face value. Every statement is given a very rigorous treatment, and it is then either accepted on its merits, or rejected if the logic of the statement and/or the facts needed to support it are missing.Read more

July 7, 1997 – A war of words was started at the recent G-7 meeting in Denver. The first salvo was fired by President Clinton in a discussion with reporters prior to the conference, and it landed in the lap of the Japanese Prime Minister. He told Mr. Hashimoto that Japan should reduce its tradeRead more

June 9, 1997 – Anyone who has been around Gold for any length of time knows that this precious metal has the uncanny ability to lead events. For example, Gold was in a well established downtrend in the months leading up to the Gulf War. However, sensing trouble on the horizon, Gold hit bottom twoRead more

May 19, 1997 – Last week I attended the presentation of the World Silver Survey. This annual event is sponsored by the Silver Institute, an association of leading companies from all areas of the Silver industry – miners, refiners dealers, fabricators, etc. The purpose of the survey is to present the overall supply and demandRead more