November 19, 2012 – An article in The Wall Street Journal a few days ago caught my attention. It reported: “Gold prices dropped on signs ...
May 23, 2012 – The Grexit, or Greece’s exit from the euro, is becoming more likely, judging by how frequently it is mentioned these ...
July 11, 2011 - Discussions by policymakers to increase the US debt limit are in the eleventh hour. Sadly, so far the circus of intense ...
March 28, 2011 – I am not a mathematician, but those knowledgeable about math have explained to me the difference between a parabola and a ...
January 3, 2011 – It is that time of the year again to record my expectations and outlook for the year ahead. But before looking at 2011, ...
December 22, 2010 – I am pleased to announce the re-printing of Pieces of Eight: The Monetary Powers and Disabilities of the United States ...
December 4, 2010 – The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some ...
September 20, 2010 – There is too much money being printed. No rocket science is needed to reach that conclusion. The markets are giving ...
July 10, 2010 – I need to correct an article I wrote last month stating that banks are lending again. Total bank loans have indeed grown ...
June 17, 2010 – Banks are lending again. After many months of sitting on their hands while trying to repair their over-leveraged balance ...
April 30, 2010 - Greece’s debt troubles are well known. Less recognized is the worrying truth that Greece is just the tip of the ...
February 4, 2010 – Every once in a great while, the market offers a unique opportunity to buy precious metals ‘on the cheap’. ...
January 9, 2010 – The total quantity of US dollars in circulation has declined over the past year. As of December 31, 2009, M3 is $14.193 ...
November 29, 2009 – While the debate continues whether inflation or deflation will be the dollar’s eventual fate, the Federal Reserve is ...
November 23, 2009 – Bull markets are marked by three distinct stages, and when gold climbed above $1,000, it only entered its second ...
October 28, 2009 - It wasn’t too many decades ago that the dollar was, as the saying went, “as good as gold”. It was a truism, ...
September 18, 2009 - Certain segments of the media rarely give gold a fair shake, particularly when it approaches important price levels. These ...
August 10, 2009 - I wrote the following 22 years ago this month. As the French say, Plus ça change, plus c'est la même chose! Nothing has changed ...
May 17, 2009 - Occasionally the stock market gives important clues about its future direction. One way a clue can appear is through a ...
April 14,2009 - An old Chinese saying declares that wisdom begins by calling things by their right name. Truer words could not be spoken about ...
January 26, 2009 - There is a determined grassroots movement in the United States seeking the restoration of sound money. There are many different ...
November 24, 2009 - I last wrote about Citibank eight months ago in an article entitled "Will Citibank Survive?" That article is still ...
Oct 27, 2008 - In an article published in The New York Times on October 16th, Warren Buffet tells us that he has "been buying American ...
September 22, 2008 - The term 'government money' has been bandied about a lot in recent weeks. It is being portrayed as a near miraculous elixir with ...
Aug 26, 2008 - A friend recently wrote to me saying that value is what you are offered when you want to sell something. I disagree. What is offered is ...
July 22, 2008 - I wrote the following article for "Information Line", published by Michael Checkan and Glen Kirsch, the proprietors of ...
June 23, 2008 - As the inventor of digital gold currency (DGC), I am compelled to respond to the spate of recent articles that focused upon the ...
April 28,2008 - There have been numerous media reports about food shortages around the globe and the resulting riots caused by empty store shelves. ...
March 17, 2008 - The center of focus this past week on Wall Street - and indeed, much of the financial world - was whether or not Bear Stearns will ...
Mar 14,2008 - Everybody knows that gold is an inflation hedge. That's why most people buy it. They know from experience that the purchasing power of ...
Feb 25, 2008 - During the fourth quarter of 2007, the gold price rose a healthy 12.4% from US$742.80 to $834.90. Obviously there was strong demand ...
Jan 25, 2008 - Now that gold has climbed above the $850 high reached back in January 1980, many are proclaiming that gold is at a new 'record'. That's ...
Dec 12, 2007 - The Federal Reserve today announced a new scheme to inject more liquidity into the money markets. It cobbled together a partnership ...
October 1, 2007 - It has been a long-running debate. Most everyone recognizes that the US economy is unsustainable because of too many years of ...
Sep 28, 2007 - Last week I spoke at the annual Silver Summit in Coeur d'Alene, Idaho. I had two basic messages. I first explained that while I am ...
September 3, 2007 - M3 has been resurrected, so I have my trusty roadmap back. We can once again closely track what is happening to the dollar by ...
August 20, 2007 - "A banker is the person who lends you his umbrella when the sun is shining and wants it back the minute it rains."
We ...
Aug 10, 2007 - A new but inevitable twist has emerged in the escalating subprime woes. Bank solvency is now being called into question.
As a ...
July 30, 2007 - I recently wrote an article published on Kitco.com that made reference to a July 10th speech by Federal Reserve chairman Ben ...
July 12, 2007 - Federal Reserve chairman Ben Bernanke delivered on July 10th a lengthy presentation on the public's expectation of future inflation. ...
July 9, 2007 - Counterparty risk is often ignored and misunderstood. But it can only be ignored at one's peril, particularly now that the subprime ...
June 25, 2007 - The terse Reuters announcement this past Friday contained only 101 words.
Brookstreet Securities Corp., an Irvine, California ...
26 March, 2007 - It is a basic premise of today's fiat-currency-based monetary system that central bankers only tell you what they want you to hear. ...
Feb 23, 2007 - A subtle change is taking place in the gold market. In addition to all of the reasons people already have to buy physical metal, ...
February 19, 2007 - On January 15th the Financial Times published a series of questions from its readers about gold that were answered by James ...
January 29, 2007 - It seems clear to me that the US is following a monetary path that is leading to ever-growing rates of inflation that will over ...
January 8, 2007 - The above title is from a very insightful article about the international monetary system that appeared in the January 5th edition ...
Nov 27, 2006 - While America was celebrating Thanksgiving, the US dollar swooned. Major support was broken in the process, and the US Dollar Index ...
October 23, 2006 - The Dow Jones Industrial Average made a new record high this past week. It settled back somewhat on Friday, but still closed the ...
October 2, 2006 - Connolly to Baker to Paulson. It could be the names of three infielders in an around-the-horn triple play, but it's not. These ...
September 18, 2006 - In November 2005 the Federal Reserve announced that it would no longer compile and publicly report M3, which is the total ...
August 28, 2006 - Gold is one of the world's most misunderstood assets. There are many reasons for this unfortunate situation, but one stands out. ...
July 24, 2006 - Many thanks to Adrian Douglas for the accompanying chart of the price of gold plotted against the Dow Jones Industrials Average. ...
May 29, 2009 - I've received more than my usual share of emails over the past several weeks. Not all of them are a result of gold's climb to $700 and ...
March 6, 2006 - Long-term US dollar interest rates rose again this past week, continuing the uptrend that began in mid-January. For example, the ...
October 17, 2005 - For months formidable forces of inflation and other forms of monetary debasement have been gathering at a frightening pace. Rising ...
October 3, 2005 - All of the pieces of the puzzle are falling into place neatly and pretty much on schedule. When the puzzle is finished, it will ...
Sept 14, 2005 - I'm no fan of John Maynard Keynes. I find most of his economic theories to be just plain wrong. But for the sake of truth and ...
July 11, 2005 - Last August I wrote an alert entitled "The End of Cheap Hydrocarbons" that was published on the GoldMoney website. The ...
June 6, 2005 - Currency risk is a troublesome problem that everyone faces. It arises for a variety of different reasons, but more often than not, ...
November 22, 2004 - This past Thursday trading began on the NYSE for what is being called a 'gold ETF'. Here's how CBSMarketWatch described it just ...
May 10, 2004 - Catching up on my reading last week, I was very much taken by comments made recently by Congressman Ron Paul of Texas. From his ...
March 1, 2004 - An article in the February 26th issue of The Economist addresses the issue head-on. Even its title is provocative, "Heading for a ...
December 22, 2003 - It is easy for economists - like generals - to fall into the trap of fighting the last war. The big monetary upheavals of the last ...
September 15, 2003 - Back in January 1993 The Economist magazine published an article entitled "Fool's Gold". It was so full of inaccuracies ...
August 25, 2003 - Debasement is a word often used to describe money, or more precisely, the decline in the value of a currency. According to ...
August 11, 2003 - Thirty-two years ago this week, President Nixon changed the course as well as the innate qualities of the dollar. The dollar, which ...
July 21, 2003 - I'm no fan of John Maynard Keynes. I find most of his economic theories to be just plain wrong. But because I am a determined and ...
April 21, 2003 - One of the statistics complied by the International Monetary Fund is the quantity of gold owned by the world's central banks. That ...
March 10, 2003 - The Dollar Index closed this past Friday at 98.04, a new 3-year low, 19% below its 2001 high. Even more importantly, its downward ...
February 24, 2003 - I highly recommend that you read an excellent article in the current issue of Insight magazine. Investigative journalist Kelly ...
October 14, 2002 - One of my favorite writers is Lew Rockwell, who not only is the proprietor of the eponymous www.lewrockwell.com, but also president ...
September 23, 2002 - Though every market is different in that each one is driven by its own unique factors affecting supply and demand, there are ...
September 22, 2002 - I was recently given an interesting challenge. An Australian friend of mine named Laurie McGuirk, a hedge fund manager with an ...
July 15, 2002 - The slide in the stock market really picked up some momentum this past week. The Dow Jones Industrials Average dropped 7.4%. The ...
July 1, 2002 - Over the past several weeks, the stock market has taken a severe pasting. The Dow Jones Industrial Average has declined six weeks ...
June 10, 2002 - The Fear Index has given a buy signal. It is only the fifth buy signal since the US government abandoned the Gold Standard in August ...
April 29, 2002 - One of the most basic premises about which I have been writing for years is about to be tested. Will we get a flight from the dollar ...
February 11, 2002 - Argentina's debt default and economic bust has been moved out of the headlines by the collapse of Enron, as if one debacle was not ...
December 17, 2001 - The above title might be somewhat premature. Complete control may not yet have been lost, so instead, it is perhaps more accurate ...
May 21, 2001 - I have received many interesting questions from readers about my article Behind Closed Doors, the apparent swap of Gold from West Point ...
March 5, 2001 - Every once in a while one can almost sense that something is wrong in the financial system. We are at one of those moments. The system ...
October 30, 2000 - Back on August 7th in Letter No. 268 I alerted readers to some of the accounting gimmicks being employed by both Cisco Systems and ...
June 26, 2000 - Energy Secretary Bill Richardson has been screaming about high oil prices. Al Gore and countless other Democrats have been harping ...
June 5, 2000 - A couple of weeks ago when the Dow Industrials were threatening to break below 10,000 and the NASDAQ looked ready to collapse through ...
May 1, 2000 - A week ago both the stock and bond markets were jolted by an unexpectedly large jump in inflation. That there was any surprise from ...
March 13, 2000 - Everything you can think of about this multi-year rise in the stock market has been unprecedented - its duration, the price ...
January 31, 2000 - In recent letters I have referred time and again to the predicament of the shorts, and more specifically, to those short physical ...
December 2, 1999 - This is to let you know that Kjeld Thygesen and I are no longer managing or advising the Midas Fund. As of yesterday, our contract ...
November 22, 1999 - "We assume that the currency which is in all our hands is fixed, and that the price of bullion moves; whereas in truth, it is ...
July 12, 1999 - One of the most basic axioms of trading and investing is that every market has a story to tell. Traders, generally speaking, need to ...
June 7, 1999 - Many things in finance and economics are counter-intuitive. In fact, many things in life are counter-intuitive.
For example, when ...
March 22, 1999 - In the last Letter I wrote that it is the physical market that drives the price of Gold, not the other way around. The paper market ...
January 11, 1999 - One of the biggest issues facing the Gold market over the past couple of years has been the weight of Gold sitting in European ...
July 27, 1998 - Beauty or beast? Either of these adjectives can apply when it comes to the stock market. At times the market is something wonderful to ...
June 29, 1998 - Investing requires taking action based on a calculation of probabilities, not certainties. And right now the probabilities suggest ...
April 27, 1998 - There has been in recent weeks a very significant and noteworthy development in the precious metal markets. Three of the precious ...
February 16, 1998 - I think it was Helmut Kohl who compared the political process to sausage making - by advising facetiously that in politics like ...
January 12, 1998 - The Great Depression had ended before I was born, but this traumatic collapse that unhinged the world economy in the 1930's has had ...
October 6, 1997 - It is a great pleasure to announce that the above referenced patent, which has just been published, has been awarded to me. I have ...
July 21, 1997 - When it comes to markets and making investment decisions, I don't except anyone's pronouncements at face value. Every statement is ...
April 21, 1997 - A distinguishing feature of the twentieth century has been the emergence of the Nation-State, and most of these territorial entities ...
March 24, 1997 - Like bombs from the belly of a B-52, T-Bond prices are falling around the world. It is a phenomenon not confined just to the United ...
January 27, 1997 - It has become a tradition of mine at this time of the year to share some of my thoughts about the various markets, and to make some ...
November 4, 1996 - In the last letter I noted the possibility of "one last upward spike in T-Bond prices to provide the markets with one last ...
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