Published in Economics  Gold  Gold 

Gold Demands Trend (Q1 2012) - Enter The Dragon

The World Gold Council has released the Q1 2012 Gold Demands Trend report.

Gold demand grew 16% over the past 12 months to 1,098 tonnes which had a value of just $59.7bn spent on gold in the entire world in Q1 2012.

While global demand was down 5% from the record high of Q4 2011, it was significantly higher than demand in Q1 2011 suggesting that demand may be consolidating at these higher levels.

Investment Demand

Published in Economics  Gold 

Dr. Constantin Gurdgiev: If you’re looking for bubbles, don’t look at gold coins

Dr. Dr Constantin Gurdgiev, Head of Research with St Columbanus AG, member of the investment committee of GoldCore and the adjunct lecturer in finance in Trinity College, Dublin.

Of all asset classes in today’s markets, gold is unique. And for a number of reasons.*

Published in Economics  Inflation  Oil 

Peter Whelan: Surviving in Age of High Oil Prices and Inflation

If countries are to survive in an age of increasingly unstable oil sources, they must reduce their exposure to the black stuff, writes Peter Whelan in Business & Finance magazine.

Please read Peter's the article here: Surviving in Age of High Oil Prices and Inflation

Published in Black Friday  Economics  History  History 

Today is the 140 Year Anniversary of Black Friday 1869 and the Gold 'Crash'

Today is the 140 Year Anniversary of the original Black Friday on September 24th, 1869. Since then the word 'Black' has been used to describe any day that the stock market, currencies or financial markets have crashed. There have been many, many such crashes but the one that birthed the term happened on this day 140 years ago.

Published in Economics  Video 

Federal Reserve Cannot Account for $9 Trillion

Rep. Alan Grayson talks to the Federal Reserve Inspector General Elizabeth Coleman of the Federal Reserve, asking her questions regarding trillions of dollars that came from the Fed's expanded balance sheet and what the losses on its $2 trillion portfolio are.

The Inspector General does not have the answers Grayson is looking for.

Published in Economics  Gold  Wealth Management 

Gold versus Warren Buffett

I have just completed an analysis of the performance of the spot price of gold vs. Berkshire Hathaway. I think you will find the results are a little suprising.

Published in Commentary  Economics 

A Critique of the Neo-liberal Agenda

Essay by Meghan Brown

“If the story of the past quarter of a century has a one-line plot summary, it is the rediscovery of market capitalism.” – Alan Greenspan, The Age of Turbulence, p.14 For the past thirty years, neo-liberal economic thinking has been the dominant orthodoxy governing policy and shaping development. Born from Adam Smith and his ideas of the ‘invisible hand’, this theory prevails in many well-connected and highly influ

Published in Economics  Gold  Video 

Gold For Bread - Zimbabwe

MDC activist Sam Chakaipa returns to his village in rural Zimbabwe to find his friends and neighbours starving to death, reduced to panning gold powder from the rivers to exchange for food at an exorbitant rate.

The Guardian via Youtube:

Published in Articles of Interest  Economics  Silver 

Moneyweek: UK House Prices in Terms of Ounces of Silver

Moneyweek's Dominic Frisby writes that he is detecting a certain amount of bullishness in the UK housing market. People with cash are talking about buying to take advantage of  lower property prices and interest rates. Nevertheless, he says,

Published in Commentary  Economics 

Quantitative easing: Classic case of treating the symptom and not the patient

The answer to this global credit debacle is transparency. There are enormous sums of investor money waiting in the sidelines. The reason they have not been invested yet is due to a lack of transparency within the balance sheets of those institutions that constitute the global financial landscape. Make no mistake; capital needs to be deployed in order to create a return. With such uncertainty surrounding the global capital markets it is entirely normal that investors would pull back until a sense of clarity itself develops.

Published in Economics  Whimsy 

The Madoff Ponzi Scheme's Parallels with the US Social Security System

There are interesting parallels between the Madoff Ponzi scheme and the US and many other social security schemes internationally.

As the huge bulging demographic that is the Baby Boomers retire, the smaller demographic of the next generation will have to fund their retirement. As the Baby Boomers retire and begin to withdraw their funds from Social Security system there will be huge redemptions from US and other stock markets as much of their retirement funds are invested in the stock markets.

Published in Articles of Interest  Economics 

Diamonds and Jewelry as "Rock Solid" Investments

There have been a spate of articles in the press recently including the Personal Finance section of the Irish Times touting jewellery and diamonds as safe haven “rock solid” investments.

Rock solid investment

Published in Economics  Gold  History  Silver  Video 

Gold in Backwardation; talk of a run on the COMEX

It wouldn't be suprising if you had never heard of backwardation. Though many commodities markets are frequently in backwardation, especially for seasonal or perishable/soft commodities, it has only happened twice in history in precious metals.

Published in Economics  Gold 

Is the Great Bear Bullish on Gold?

On the foot of recent reports that China is planning to diversify some of its massive foreign exchange reserves into gold, The Central Bank of the Russian Federation has released its latest

Published in Economics  Whimsy 

The Bailout Squared (Comic)


Or is that Bailout to the power of Bailout?


Published in Articles of Interest  Economics 

Jim Rogers: The dollar is a flawed currency

Excerpts from The Financial Times' View from the Markets online interview with Jim Rogers:

FT: It’s a year since we last interviewed you.

Published in Commentary  Economics  Gold 

Obama's Golden Opportunity – Return to Gold Standard

The Washington Times's Lawrence Hunter wrote last week that U.S. President-elect Barack Obama has an opportunity to reset the economy and restore the U.S. dollar to its preeminence as the world's reserve currency by reestablishing the gold standard.

Published in Economics  Video 

I.O.U.S.A.: Byte-Sized - The 30 Minute Version

I.O.U.S.A. is a documentary film released earlier this year, and nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. The film focuses on the shape and impact of the United States national debt and features Robert Bixby, director of the Concord Coalition, and David Walker, the current U.S.