gold

We repeat: the “debt problem” is a currency problem and the currency must and will collapse. The global monetary system exists at the pleasure of the Fed, which legally exists at the pleasure of Congress, which as we have learned only has…

The Telegraph is reporting that the euro zone sovereign debt crisis has reached such a critical flash point that Italy has called an emergency meeting. In Spain, the Prime Minister has delayed his summer holidays to deal with the fallout.

On July 13, 2011 Chairman Bernanke explained: "The reason people hold gold is protection against tail risk, really, really, bad outcomes. To the extent that the last few years have made people more worried about the potential of a major…

Almost everything that happened last week is irrelevant given what looks like a U.S. debt deal. What we’re watching is how the relief rally holds and whether the Friday’s poor GDP data was a game changer. Looking under the surface of the…

The signal we’re extracting from the weekly move of the Four Horsemen is that though concern and the lack of confidence in the U.S. over the debt ceiling issue has increased, other factors, such as the deflationary consequences of a large…

History has a message for us: No fiat currency has lasted forever. Eventually, they all fail. Morgan Stanley reported in 2009 that there’s “no historical precedent” for an economy that exceeds a 250% debt-to-GDP ratio without experiencing…

No, but stocks and bonds are down. Global equity markets are down and safe havens like gold and the Swiss Franc are up. Stan Collender thinks the likelihood of a deal is less than many believe.

In broad strokes, today's investment world seems to be divided into two large groups - gold optimists who expect the metal price to keep ascending, and skeptics concerned about a near end to the gold bull market. In this brief overview we…

Felix Zulauf sees problems ahead because of private sector debt. Expansionary fiscal policy and deficit spending have allowed the real economy to cope while expansionary monetary policy has helped asset prices. Zulauf sees a pause in this…

Evangelos Venizelos is dispatched to consider how to prevent the government from sacking tens of thousands of workers in order to prevent the Greek from defaulting on its debt. He suggests that California’s previous IOU issuance is a model…