Saturday, 21 May 2016

Gold Makes Sense, Fiat Doesn't

"If you don't trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 - $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it, and then calling it one billion dollars?"

Kenneth J. Gerbino

Wednesday, 18 May 2016

Alasdair Macleod - Gold Rising, Dollar Going Down


Alasdair Macleod, who is an expert in precious metals, says, “The fundamental reason gold (prices) is getting better is the dollar is getting weaker. The strength of the dollar in 2015 was all about falling commodity prices. Commodity producers all owe dollars. The result was when their incomes dropped, they had to cover the dollars that weren’t going to get rolled over. The bank was not going to roll over dollars for Brazil or Glencore. 

That period is over, and the reason it is over is China now has its 13th five year plan, which is aimed at developing the rest of Asia. . . . It wants to give it an industrial revolution. You have a turn that has actually occurred in commodities, and if commodity prices are rising, then by definition, the purchasing power of the dollar is falling. The price of commodities over a long period of time tends to drop. The price of commodities measured in dollars tends to rise over a long period of time and quite spectacularly. . . . 

You can see this relationship between the dollar and gold priced in commodities is the thing to watch. . . . The natural drift for the dollar is down. There is a reason for foreigners to sell the U.S. dollar, and this is the key thing. . . . I see gold going better . . . because the dollar is going down.”


Friday, 13 May 2016

The Financial System Is Absolutely, Positively Rigged


Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today's financial markets.

While he usually feels like a lone voice in a world happy to deceive itself, he was shocked to receive a $750,000 whistleblower award from the SEC for his efforts. He's been sadly less shocked to see that since the award was publicly announced, the abuses he reported have only become more extreme and frequent.


Tuesday, 10 May 2016

Why Are Russia And China Buying Gold? Tons Of It!


William Engdhal gives reasons why China and Russia are fighting to protect their sovereignty and encouraging citizens to swap currency for gold.