– What Keynes would think of today’s “Neo-Keynesians”- Unlike his acolytes, he understood the value of gold and the dangers of currency debasement- Keynes did not desire “a world where currencies are backed by nothing more than a governmental promise to pay while the printing presses whirled unchecked”– Keynes would have been “puzzled that his… Read More »
On June 3, 1975, Fed Chairman Arthur Burns, sent a “Memorandum For The President” to Gerald Ford, which among others cc:ed Secretary of State Henry Kissinger and future Fed Chairman Alan Greenspan, discussing gold, and specifically its fair value, a topic whose prominence, despite former president Nixon’s actions, had only managed to grow in the… Read More »
â€œGold rallying is a recognition that virtually every large economy in the world is reflating. Itâ€™s a situation where a lot of money is being pumped into the financial system and every country in a race to the bottom with regards to their currencies. Interestingly, gold is moving higher with the yen moving lower. Of… Read More »
Got your precious metals yet?
As always, just as the market is about to set off on yet another dead cat bounce courtesy of vapor volume and the lack of concerted selling (after all the Fed is front and center today which means nothing can possibly go wrong… at least until someone actually does some Mark to Market accounting on… Read More »
URGENT MESSAGE FROM PETER SCHIFF: Fridayâ€™s downgrade of US debt has enormous implications for every American investor. I expect the decline of the dollar will accelerate, and gold â€“ the most probable beneficiary of the rating cut â€“ will soar. If youâ€™ve been waiting for a significant pullback in prices to buy metals, or add… Read More »
Here are two of the world’s leading experts on where we are going right now.
Recently, ZeroHedge presented a chart that shows the uncanny correlation between the debt ceiling and the price of gold. Now that we know the final amount of the next debt ceiling hike, somewhere in the $2.5 trillion ballpark, it allows us to extrapolate where gold will end up as a result of the debt ceiling… Read More »