Blog

Dec 12, 2007 – The Federal Reserve today announced a new scheme to inject more liquidity into the money markets. It cobbled together a partnership arrangement, as the Canadian, UK and European central banks also agreed to participate in the scheme. The process of ‘injecting liquidity’ is a euphemistic way of saying ‘creating money outRead more

December 3, 2007 – The outcome from the relentless inflation of a currency is all too predictable. Unfortunately, the inevitable future of currency debasement is generally ignored by most people, with the result that they end up unprepared when the inflation eventually destroys the currency they are using. The dollar has been collapsing, albeit somewhatRead more

November 12, 2007 – Everyone knows that the dollar is losing purchasing power day after day because of inflation. Consequently, the practice of “inflation adjusting” has become well-known. It is a process that attempts to equate in a consistent way the purchasing power of the dollar at some previous point in time to the currentRead more

Nov 7, 2007 – Exactly six months ago I wrote about an indicator that has predicted with 100% accuracy when the price of gold was about to rise. The entire article can be read here: ‘Gold’s Infallible Indicator‘. Over the years, this indicator has been one of my favorites. It has been so good thatRead more

October 22, 2007 – On September 18th former Federal Reserve chairman Alan Greenspan appeared on the Jon Stewart Daily Show, where he made the following comment: “I was telling my colleagues the other day… I’d been dealing with these big mathematical models for forecasting the economy, and I’m looking at what’s going on the lastRead more

October 16, 2007 – I have long suspected that the US Gold Reserve is being used by the gold cartel as a tool to help it try capping the gold price. See for example the April 23, 2001 press release by the Gold Anti-Trust Action Committee [ Press Release ] which refers to my thenRead more

Oct 16, 2007 – Gold and silver have many similarities, but they are also different in many ways. One big difference is their volatility. If owning gold is like flying in a 747, then owning silver is like flying in an F-15. With silver one needs to be prepared for heart-stopping reversals and zigs andRead more

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 overspending, under-saving and over-borrowing. So when will the piper eventually be paid, and what will be the result? Another deflation like the Great Depression? Or severe inflation, perhaps even hyperinflationRead more

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 very bullish about the prospects for gold, I am even more bullish about silver. Even though the gold/silver ratio has been declining for fifteen years, itRead more

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 watching the annual growth rates of M3, which is the total quantity of dollars in circulation. I have been extremely critical of the Federal Reserve and timeRead more