The only serious declines this week were in precious metals and gold stocks. The largest gains were once again in Bitcoin, which rose 11.7% to a new all-time high of 32.7 grams, so that 1 BTC can now buy more than one ounce of gold. Gold stocks again fell more than any other asset-class, dropping […]
Filed under Banking, Bitcoin, Bonds, Commodities, Cotton, Counter-party Risk, Dow Jones Industrials, nz dollars, Platinum, Silver, Stocks, US Dollar by
A generally positive week for all asset types, with only coffee, down 2.3%, gold stocks, down 1.6%, and the JPY, off 0.5%, showing losses. The big winner was copper, which after catching it’s breath last week, continued to skyrocket, gaining 10.4% this week. The major stock indexes were all higher, led by the Dow Jones […]
Filed under Bitcoin, Bonds, Coffee, Commodities, Dow Jones Industrials, nz dollars, S&P 500, Silver, Stocks, US Dollar by
This week had every single asset category showing a loss. The smallest drop was in the Canadian Dollar, while the largest drops were in coffee, down 9.0%, and gold stocks, off 3.9%. Meanwhile, the mainstream media has been full of articles trumpeting new all-time highs for the Dow Jones Industrials and the S&P 500 stocks. […]
Filed under Bonds, Coffee, Commodities, Dow Jones Industrials, new highs, S&P 500, Silver, Stocks by
Over the last week, and over the last month, assets have followed the same basic pattern: stocks mostly higher and currencies, bonds, and commodities mostly lower. Bitcoin has been the biggest winner by far, rising 29% in the last week and 179% over the last month. In addition to the fast rising price, global trading […]
Here is a news item I found interesting, followed by my restatement of the story, priced in gold. You can also view a chart of net worth. Americans’ net worth rises for third straight quarter Friday, March 12, 2010 Stock gains boost Americans’ net worth Americans regained more of their shrunken wealth last quarter, mainly […]
Filed under Economy, monetary universe, new highs by
Although nobody wants to use the “N” word, more and more economists, including Nobel Prize winners, are saying that this is really our only choice. Of course it will only be “temporary”. Maybe it will be “partial”. But any way you slice it, it will be ugly. Thanks to a tip from Seeker Blog editor […]
Filed under Banking, Economy, new highs, nz dollars by
Gold is a type of money, just like Dollars, Euros, Pounds and Yen. Unlike these other forms of money, gold has been around for thousands of years, while many fiat systems have come and gone. Because the amount of gold in the world cannot be increased without finding and mining more of it, its value […]
Filed under average hourly earnings, Bonds, home currency, Interest Rates, monetary universe, money gold, nz dollars by
Yesterday the NY Times ran an article headlined, “Average U.S. Income Showed First Rise Over 2000”. The big claim is that after peaking in 2000, incomes fell, bottoming in 2003, and have now climbed back to make new highs in 2006. The author examines IRS data showing average Adjusted Gross Income and Wages and Salaries […]
Filed under Incomes, monetary universe, new highs, wages and salaries by
Recently I was in Vancouver, BC for the Agora Financial Symposium, which carried the tagline “A View from the Peak”. There were many peaks discussed and analyzed: oil, food, water and debt, to name a few. The price of gold and silver got a lot of discussion, and forecasts abounded. Discussions and opinions were not […]
Filed under adjusted gross income, Food, gross incomes, home currency, monetary universe, money gold, nz dollars, profitable ideas, Wheat by
The first part of this interview covered Paul van Eeden’s background and laid out his views on gold, inflation and interest rates. In this final segment, we’ll discuss what to do about this situation – how to translate this view of the world into investment action. Paul has been working hard on a more accurate […]
Filed under Bonds, Interest Rates, monetary universe, new highs, wages and salaries by