No tapering: a watershed moment
When the Fed announced that it would not immediately begin reducing (tapering) its “asset purchases,” that was a watershed moment, and it will have tremendous impact on the gold and silver markets in...
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The disingenuous Mr. Buffet
There is no great challenge to being successful when you have the sole legal right to create new money. On the other hand, convincing the American people and Congress to go along with such a scheme...
View ArticleDollar steady as America declines
So wrote Gillian Tett in Friday’s Financial Times. Mr. Tett started his piece by noting that Nigeria’s central bank had announced that it would convert almost a 10th of Nigeria’s $43 billion reserves...
View ArticleHow the Government is Creating a Black Market in Financial Services
When the Dodd-Frank law was adopted with its vast increase in bank regulatory authority, the “too big to fail” problem was made permanent. In the name of never bailing out the banks again, new...
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Chinese bank to participate in London gold fix
China has come a long way since the days of Richard Nixon’s and Henry Kissinger’s “Ping Pong Diplomacy.” Its economy has grown to be the world’s second largest economy, and its manufacturing base is...
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Chinese renminbi added to IMF basket of currencies
A little over a year ago, the IMF announced that the renminbi, China’s currency, would be added the IMF’s “basket of currencies” that makes up SDRs (Special Drawing Rights). A loud outcry ensued from...
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ETFs, central banks buy gold in 2017; sign of higher prices?
Worldwide, gold ETFs (Exchange Traded Funds) increased their holdings 8.4% in 2017. Collectively, they now own 2,363 tons, having added 197.5 tons for the year. By comparison, the U.S. Treasury...
View ArticleDodd-Frank is dead
But, a repeal of Dodd-Frank is not without its downside risks and upside benefits for gold and silver investors. The 2010 enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank)...
View ArticleTo print or not to print
Currently there is much speculation about whether the Fed will continue quantitative tightening or return to quantitative easing. In 2018, newly appointed Fed Chair Jay Powell indicated that 2019 would...
View ArticleA solid year for the metals
2019 was a solid year for precious metals, with gold up $231 (18.5%) and silver up $2.40 (16.4%) since this time last year. Still, not much attention has been paid to the metals on the financial...
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