Stocks and government-issued currencies fell this week, while bonds and commodities were mixed. The largest gains were once again in Bitcoin, which rose 11.1% to 29.3 grams, now approaching parity with one ounce of gold. Gold stocks fell more than any other asset-class, dropping 4.7% to close at 5.1 grams. The Chinese Yuan and the […]
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This was a good week for stocks, but mixed for bonds and commodities. The big winner was the Euro STOXX, which gained 6.3% this week on news that the European Central Bank will be extending its low interest rate policy and expanding its quantitative easing programs. US stocks also rallied on the news. Coffee dropped again this week, falling a further 3.6%, the largest loss of any asset class.
For more on currencies, stock markets, bonds and commodities, and for a look back at results for the last year, check out the whole article!
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This podcast is a continuation of my 30-July-2015 interview with Keith Weiner, CEO of Monetary Metals and president of the Gold Standard Institute USA. In the first part, we discussed the ultimate fate of the dollar. In this episode, we look at the true purpose of the Fed, the limits of central bank power, and […]
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This podcast is a recording of a conversation I had on July 30th with economist Keith Weiner, CEO of Monetary Metals and president of the Gold Standard Institute USA. We intended to chat for about 20 minutes, but wound up talking for almost an hour and a half! Due to the length, I’ve broken it […]
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Recently, I got a great question about compound interest. Everyone is taught the power of compounding… Usually the story goes something like “If you invested $1,000 in 1900 at 5% compound interest, it would be worth $236,000 today!”. If 100 years works that well, why not leave the money to compound for 300 years? Then […]
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I got a great question in my email this morning, and I’d like to share it, and my answer, with you. Using your methods, how can one know when gold and silver are grossly overvalued? Much like the tech stocks around 2000-2001? I don’t think of it in quite those terms… I use gold as […]
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Market Update, 29 Jun 2012 This week saw a reversal of last week’s trend, with almost all investment categories showing losses. Currencies and bonds were all lower, on news of new European bank bailouts and fears that next week will bring further easing from the ECB and Bank of England. Most stock markets were also […]
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On May 31st, Dr. Marc Faber, one of my favorite economists and a very engaging speaker, gave a landmark presentation at the Mises Circle on Austrian Economics and Finance. In this talk, Dr. Faber details the coming economic catastrophe, and what to do about it. Using gold pricing to get an accurate measure of your […]
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I think it’s time we all switched to using gold as our unit of account, as the fiat currencies of the world continue to be consumed in a firestorm of inflationary “money” creation. Whether or not we hold actual physical gold (which we should, as our bedrock cash position) we should be seeking to own […]
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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 […]
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