August 21, 2014

What Do Mining Strikes Mean for the Gold Price?

Gold Mining Shaft

Now that the mining strikes in South Africa have largely finished, it’s a good time to take stock and look at what they mean not for the price of gold in the next few weeks, but for the next few years.  These strikes show a weakness in gold miners even in regions traditionally hostile to […]

Rampant Public Deception

mainstream media

A major theme in my writings is that the mainstream media is not doing its job.  Far too often, the media is taking spoon-fed economic and financial headlines from governments and their major trading partners and passing along the information as being true.  There are too many instances where the underlying information negates or contradicts […]

What Happens When a Currency Fails?

Currency

As I expected, my last column where I raised the question whether it would really be so bad if the US dollar failed brought on a storm of comments.  Along with many thoughtful points, there were some comments from people who just didn’t think through the implications of my question. Perhaps another story from history […]

Would It Really Be So Bad If the US Dollar Failed?

US Dollar Fail

If you asked the average American if it would be a financial catastrophe if the US dollar failed, I’m sure he or she would emphatically agree.  In fact, I suspect those answering the question would consider the possibility to be a disaster of epic proportions. But, if you really think about it, maybe it wouldn’t […]

Forecast of Events That Could Affect Gold and Silver Prices in 2012

2012

There are a myriad of calamities and catastrophes that could affect financial markets in the US or worldwide in 2012.  Pretty much all of them would spur more people to seek to purchase physical gold and silver. Whether or not these come to pass, and when, and how great an impact they will have on […]

Major Gold Market Changes Coming in 2012

gold market

The gold and silver markets took us on wild rides in 2011.  Guess what?  They will be even more volatile in 2012. According to GFMS, one of the most respected analysts of precious metals markets, the Chinese market, government and private, will absorb more than 22 million ounces of gold in 2011, sharply higher than […]

The Blessings of Gold and Silver

gold and silver

On August 6, 1973, the US prime interest rate increased to 9%, the highest level since at least 1947. I was working two jobs before my senior year in college. At the time, in my relatively inexperienced naiveté, I thought that the world economy would collapse. It did, but it didn’t. The Dow Jones Industrial […]

Americans Are Their Own Worst Enemies

globe

The politicians in Europe, the US, and elsewhere are facing financial problems so bad that, in my judgment, they are long past the point of no return.  That means that there is no easy or comfortable way to undo the existing market distortions and adopt sensible long-lasting solutions.  Some kind of financial catastrophe is inevitable.  […]

Buy Silver! Buy Gold! Buy Now!

gold

On November 30, the major governments, central banks, and major multinational banks blatantly declared war against the people of the world! By my analysis, the US government is the ringleader. No matter how I look at the events, I just cannot come to any other conclusion. I think there were two triggering events. First, on […]

Financial World Suffers Worst Thanksgiving Week Since 1932?

Financial World

A good case can be made that global finances suffered its worst Thanksgiving week since 1932. The Standard & Poor’s 500 fell 4.7% last week, which is its worst performance for this special week in the last 79 years. The Dow Jones Industrial Average fell by 4.85%, which was not a record result for Thanksgiving […]