Blog

In the April edition of The Casey Report, Doug Casey tackles the matter of gold price manipulation. He does this in an excellent article comparing gold’s bull market today with the one in the 1970s, which both he and I remember well given that we are about the same age and both were active participants in it.

In the first two months of the current fiscal year that began on October 1st, the US national debt has grown $320 billion. That is $21 billion more than the same 2-month period last year, which illustrates that the growth of the national debt continues to accelerate.

November 23, 2011 – There are a number of common misconceptions about the gold confiscation foisted on the American people by President Franklin Roosevelt in 1933. Most of these have been offered as justification for FDR’s nefarious deed, and over time have endured to become urban legends. For example, perhaps the biggest and most enduringRead more

It has been said that book reviews are supposed to include something critical. Nevertheless, I have nothing negative to say about “Currency Wars”. It is a great book, and you will not be disappointed with it. But I do have one important thought to keep in mind as you read it.

September 19, 2011 – The Swiss National Bank finally gave up.  For months it tried standing alone against all of the bad monetary policies being pursued by the ECB, the Federal Reserve, the Bank of England and indeed, nearly all of the central banks of the world, but it was a losing battle.  So lastRead more

September 4, 2011 – Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.  In other words, we have been keeping our liquidity – which is sometimes also referred to as one’s “Cash Position” – in goldgrams held in GoldMoney.  By implication, we have therefore minimized as much as possible ourRead more

July 9, 2011 – Gold closed in New York this past week at $1,541.20, which is only $15.50 below its all-time record high close of $1,556.70.  In other words, a 1% jump from Friday’s closing price will put gold at a new record.  It could happen this week. Take a close look at the followingRead more

May 30, 2011 – Bull markets do not move in a straight line, nor do the price of gold and silver.  Their price advances, and then retreats to ‘correct’ the previous advance. For the past four weeks, gold and silver have been going through one of these periodic price corrections. During these corrections, underlying supportRead more

I am not a mathematician, but those knowledgeable about math have explained to me the difference between a parabola and a hyperbola. I’ll cut through the math to get to the key point. A hyperbolic rise in price is much faster than a parabolic one.

February 12, 2011 – In precious metal bull markets, silver outperforms.  Its price climbs at a faster rate than gold’s price.  The reverse happens in bear markets.  Silver’s price drops at a faster rate than gold’s price.  The following chart of the gold/silver ratio illustrates this phenomenon. At the peak of the last precious metalRead more