The perpetual war: gold vs paperJuly 28, 2010 In its latest research report the Longwave Group uses the Kondratieff cycle, Dow to gold ratio and Homestake mining to Dow ratio provide a warning that the perpetual gold vs paper war may soon reach an ugly conclusion....for paper assets. Gold vs Australian Real EstateJune 11, 2010 Is Australia's housing bubble about to burst in terms of gold. It is our view that in the not too distant future the average Australian home will cost not much more than a couple of kilos of gold. The question remains, however, will gold rise 700% or house prices drop by 85%? All that is paper does not glitterApril 21, 2010 The following article by Adrian Douglas of GATA provides an overview of the recent CFTC hearings into silver market manipulation by big investment banks such as JP Morgan and HSBC. GATA also label the London Bullion Market Association (LMBA) a giant 100 to 1 leveraged ponzi scheme. It is important to note that all the worlds Mints, many governments, ETF's, Exchanges, banks, bullion dealers, hedge funds and large investors own or hedge gold and silver positions via the LMBA. If the market realises the LMBA is in fact a huge naked short paper ponzi scheme we could see a short squeeze that makes 1980 look like a minor blip. To quote a key LBMA executive when he was asked what happens if 2% of holders request physical metal delivery........."we then go into price discovery". Got your physical gold and silver? Just how undervalued are gold and silver relative to stocks?March 31, 2010 Given precious metals were the best performing assets on the planet for the last decade, many investment gurus are calling for a decline in gold and silver and a resurgence in stocks. The following charts suggest that the biggest growth of precious metals relative to stocks may still lie ahead. Weimar Gold & Silver Prices 1919-1923March 31, 2010 Weimar Germany hyperinflation prices of gold and silver in Marks from 1919 - 1923 by month. Charts are also presented to visually depict the speed and magnitude of the change. Consider the human story behind the numbers. How did people survive? Transparent precious metal holdings chartsMarch 30, 2010 Despite custodians of all these financial products claiming to be 100% backed by bullion something just doesn't look right does it?. The explosion in ETF's and other bullion products has successfully filled investor demand during the recent bull market. Just imagine what the price of gold or silver might be today if all that demand was not sucked up by these new product innovations. Deviation from 200 day moving ave charts for gold and silverMarch 29, 2010 This really useful series of charts highlights the % deviation form the 200 day moving average of gold, silver and the gold to silver ratio. UK house prices measured in ounces of gold and silverMarch 29, 2010 UK house prices in ounces of gold and silver 1953 - 2009 US House prices measured in ounces of gold and silverMarch 29, 2010 Average US house prices in ounces of gold and silver 1963-2009 LBMA OTC Gold market cited as a ponzi schemeMarch 26, 2010 GATA introduces arguments at the CFTC commision hearings that the London Bullion Market Association (LBMA) OTC gold market is nothing but a massive "paper gold" Ponzi scheme. What was then astonishing is that the bullion bank apologist, Jeffery Christian, of CPM Group, who has always been staunchly against GATA endorsed Adrian’s comments as being "exactly right" and went on to confirm that the LBMA trades over 100 times the amount of gold it actually has to back the trades. UK gold sale: was it a bank bailout?March 25, 2010 Gordon Brown sold approximately 400 tonnes of the UK's gold at the bottom of the market in 1999-2002. Contrary to investment logic the sale was pre announced causing the gold price to plummet. This marked the bottom of the gold market and a decade long bull market which has seen gold move from $250 oz to over $1200 oz. Was Gordon Brown (and Peter Costello for that matter, as Australia sold most of its gold at the same time) manipulating the gold price down to allow heavily short investment banks to cover their positions? Gold as money presentationMarch 19, 2010 On Wednesday I presented to a large group of financial planners at the Van Eyk annual conference in Sydney. Full credit must go to Mark Thomas and his team at Van Eyk for allowing gold to headline alongside the chief economist from Goldman Sachs. It may have taken 10 years of 17% compounding growth and out performance of every other asset class on the planet but maybe gold is finally getting the mainstream recognition it deserves. The A.S.S principle: It's All Speculators StupidMarch 09, 2010 Greek Prime Minister Papandreou delivered an important speech today in the US flanked by Hillary Clinton. To paraphrase the 20-page speech: it is still just the speculators' fault, who are now "threatening not only Greece, but the entire global economy". Hmmm. Lets call it the A.S.S. principle. It's All Speculators Stupid! Everybody should buy some gold every monthMarch 03, 2010 According to Marc Faber, the editor and publisher of The Gloom, Boom & Doom Report, everybody should buy some gold every month “forever” Hyperinflation parallels: Weimar Germany vs US/UKFebruary 28, 2010 SocGen's Dylan Grice provides a gripping account of Germany's hyperinflationary episode, in which he charts the extended parallels between not just the precursor economy that lead to a 16,579,999% inflation in 1923 Weimar Germany, and modern day developed (and highly leveraged) countries, but between Germany's then central banker Rudolf von Havenstein, and the Greenspan-Bernanke duo. And while we know how "der Geld Marschall's" Weimar experiment ended, the future before the U.S., as a result of the Maestro's (both Senior and Junior) almost identical policy response is still open-ended. As the future of America is now exclusively in the hands of insidious economists, the following insight from Grice into the utility of economic models and decision-making should be sufficient to dash the hopes of any optimist for a favorable outcome. End the monetary experiment, retun to the gold standardFebruary 23, 2010 The absurdity of using the US dollar as the worlds reserve currency should not underestimated. The removal of gold in favour of the US dollar in 1971 as the check and balance of the worlds financial system has enabled the US (and the world) to create money out of thin air for nearly 40 years. The consequences were clear. As long as currencies remain relative to one another all governments were empowered to spend with reckless abandon, without need for old fashioned ideas such as raising taxes or balancing budgets. Developing nations loved this cycle because the increased deficit spending and access to consumer credit created demand for their export products. Developed nations liked it because they avoided the nasty boom bust cycles had access to cheap imported goods. Consumers loved it because stock prices moved higher and the humble home became a money tree with an ATM attached. Of course the US benefited most. For the selfless act of becoming the worlds monetary system anchor the US was able to build the greatest empire in history. With access to money without limit the US has funded global military activities and created dominant multinational corporations in food, health, banking, energy and all across the industrial complex. American consumers have also greatly benefited by achieving standards of living well beyond what would have ever been possible pre 1971. Bigger houses, more cars, better holidays, larger stock portfolios and of course bigger wastelines. COMEX option expiry madnessFebruary 18, 2010 Those of you who have followed this blog for a few years will know how important options expiry is for gold and silver. The story is always the same, gold and silver prices begin to decline about 5 trading days before options expiry and magically close just below a key options strike price. All of those poor speculators who thought they had major in the money call options are fleeced by the big trading houses such as JP Morgan, Goldman Sachs and HSBC. February 23rd is March options expiry and todays pullback signals the start of options madness week. A Greek crisis is coming to AmericaFebruary 13, 2010 It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate. |
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