Articles related to Banking
 
Steve Saville - Speculative Investor
  What should the gold/silver ratio be
The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is also a factor to be reckoned with. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the exis
Wednesday, April 18, 2018
Keith Weiner - Monetary Metals
Standing Ready to Lease Gold
We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said: “…central bankers do not think about gold. Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018
Chris Powell - GATA
Pro-govt. Turkish paper reprints Manly's RT exposure of gold price suppression
Gold researcher Ronan Manly's detailed report for Russia Today on the history and mechanisms of gold price suppression by central banks, called to your attention by GATA a few hours ago -- http://gata.org/node/18112 -- has been quickly reprinted by the Daily Sabah, a major newspaper in Istanbul, Turkey, that is published in English, German, Arabic, and Russian: https://www.dailysabah.com/finance/2018/03/18/central-banks-have-long-hi... While it's good that word of the gold price suppression sche
Monday, March 19, 2018
Gary Tanashian - Biwii
Bonds, Inflation And Amigos
The Bonds segment of NFTRH 491 took a turn to tin foil territory to allow the letter writer to expose newer subscribers to his ideological views and thus, bias. #491 also got pretty talky on the precious metals as it did a thorough review of the sector’s status, with silver’s symmetry to 2016 a very key item. Hint: An ill-fated bounce like so many that have come after the 2016 top is not what we are looking for with the next rally, but it ain’t gonna be easy. You can check out this article for a
Monday, March 19, 2018
Bron Suchecki - Goldchat
Once in Golconda
Once in Golconda: A True Drama of Wall Street 1920-1938 John Brooks Allworth Press, 1969 p150: "Its [Wall Street] fixed star-money-had left its regular place in the heavens and begun to wander and dance and lurch. For generations the dollar had been held firmly fixed by a force that was accepted in banking circles as being equivalent to a natural law of astronomy, the gold standard-specifically, by the Treasury's pledge to redeem dollars with gold in any quantity for all comers at $20.67 per fi
Saturday, March 17, 2018
Chris Powell - GATA
Iran's break with the dollar is easier said than done
A little over two weeks ago Iran eliminated another function of the U.S. dollar in its internal workings in a move positioned amid yearslong plans to reduce dependency on the greenback. The consequences will be manifold and interconnected, but there are discrepancies in views concerning what will happen as a result among experts and officials. On Feb. 28, the Ministry of Industry, Mines, and Trade announced by way of a directive that all traders are henceforth barred from registering their impor
Saturday, March 17, 2018
Sprott Money
Death Valley Snowballs and Fiat Currencies - Gary Christenson
Keep it simple! Snowballs have a short life expectancy in Death Valley. Fiat currencies, backed by credit and debt, survive longer than snowballs in Death Valley, but history shows all fiat currencies are inflated into worthlessness and eventually die. “U.S. dollars have value only to the extent that they are strictly limited in supply.” Ben Bernanke on November 21, 2002. But we know the supply of dollars has grown rapidly since 1971, and especially after the 2008 crisis while Berna
Saturday, March 17, 2018
Mac Slavo - ShtfPlan
The Transformation Of Our Nation Into A Complete Surveillance State Is Almost In Place: “You’re Known, Your Vehicle Is Known, Your Daily Itinerary, Shopping Habits… It’s All Being Recorded” 
The headlines are awash with the recent tensions with North Korea, and most are focused intently upon this act of the play that has been running hot for several years, now.  Akin to the proverbial frog in cold water, however, we are not paying as much attention to the surveillance state that is continuing to wrap its tentacles around us.  Eurasia is our ally, Eastasia is our enemy…and nobody notices that the chocolate ration has been diminished.  While everyone focuses on what is reported in the
Friday, March 16, 2018
Adrian Ash - Bullion Vault
10 Years of 4-Figure Gold
Spot gold prices first broke $1000 per ounce 14 March 2008... IN FACT the world's first ever $1000 gold deal had happened the day before, writes Adrian Ash at BullionVault. Thursday 13 March 2008 – a day earlier than the wholesale 'spot' gold price finally popped above $1000 per ounce – saw a customer of BullionVault offer the five ounces of gold he held in secure, insur
Thursday, March 15, 2018
Andy Hoffman - Miles Franklin
Silver Purchasing Power
This article was written for Miles Franklin by Gary Christenson. We know: a) Federal Reserve and U.S. government policies devalue the dollar—down about 98% since 1913. b) US. government spending is out of control, increases every year, regardless of revenues, and shows no sign of plateauing or declining. c) Few people encourage balanced budgets and LESS spending. All government agencies, lobbyists, congresspersons, military contractors, and many corporations encourage MORE spending, and by neces
Wednesday, March 14, 2018
Mac Slavo - ShtfPlan
How Will Gold Prices Behave During The Next Economic Crisis
This report was originally published by Brandon Smith at Alt-Market.com It is generally well known in economic circles and in the general public that precious metals, including gold, tend to be the go-to investment during times of fiscal uncertainty. There is a good reason for this. Precious metals have foundation qualities that provide trade stability; these include inherent rarity (rather than artificially engineered rarity such as that associated with cryptocurrencies), tangibility (you can
Tuesday, March 13, 2018
George F. Smith - Barbarous Relic
Gary North on central banking, gold, federal debt, and Keynesianism
I have never met Gary North and probably never will.Yet, through his writings he has had a far-reaching influence on my thinking, especially with regard to government and economics.He runs a membership website, GaryNorth.com.For $14.95 a month you get access to everything on the site, including four daily articles that he writes six days a week and posts while most people are still asleep.Members can ask questions in the forums to which he and other members will post replies. North wrote what
Tuesday, March 13, 2018
SRSrocco - SRSRocco Report
The Amazing Amount of Gold The U.S. Exported Since 2000
The U.S. exported a stunning amount of gold since the turn of the century.  As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs.  In 2012 alone, the United States exported nearly 700 metric tons of gold.  The total amount of U.S. net gold exports over the past 17 years equaled the combined gold reserves of six high ranking countries.While the U.S. exported nearly 8,000 metric tons (mt) of gold since 2001, it also imported a great deal as
Sunday, March 11, 2018
Mark O'Byrne - gold.ie
Gold Protects As Cashless Society Threatens Vulnerable
– Swedish authorities concerned cashless society is happening ‘too quickly’ and heading into ‘negative spiral’– Only 25% of Swedes paid in cash at least once a week in 2017, 36% never use cash– Cash usage in Sweden falling both as share of GDP and in nominal terms– Sweden may be world’s first economy to introduce a cryptocurrency, the e-krona– Cashless is not a disincentive for illegal drug trade, Guardian finds– Gold in safe jurisdictions will protect against raids on cash and wealth The total
Sunday, March 11, 2018
Andy Hoffman - Miles Franklin
Debt and Delusions – Part 2
This article was written for Miles Franklin by Gary Christenson. Part one is available here. The problem with debt is the creditor expects to be repaid. Sovereign debt will be “rolled over,” never extinguished, and repaid with new debt. We delude ourselves and pretend total debt will increase forever (it can’t). That explains global debt exceeding $230 trillion today and official U.S. government debt approaching $21 trillion, with unfunded liabilities adding another $100 – $200 trillion. There a
Saturday, March 10, 2018
Andy Hoffman - Miles Franklin
The Chicago Way Precious Metals Protection Plan
Do you have a plan to protect your precious metals? You should. I’m going to tell you mine today. I’m from Chicago. The second city. The windy city. The city of big shoulders. All of that sounds nice, but if you’ve live in Chicago, the phrase that is always top of mind is not so romantic. You may have heard it before. It’s the phrase that was famously mouthed by Sean Connery in the movie “The Untouchables” when he said “THATS the Chicago Way.” The Chicago Way. If you live in Chicago and don’t kn
Friday, March 9, 2018
Alasdair Macleod - Finance and Eco.
Trade Wars
An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing China some trade perhaps, but basically a loser’s last roll of the dice.The back story appears to be far deeper than some relatively minor tariffs on steel and aluminium would suggest. It comes after a prolonged period of shadow-boxing between America in the blue corner and Russia
Friday, March 9, 2018
Mark O'Byrne - gold.ie
RaboDirect Closing – Gold May Protect From Irish Banks Going Belly Up Again
– RaboDirect Ireland to close online savings accounts in Irish market on May 16– RaboDirect holds over €3 billion in deposits from its 90,000 Irish customers– Irish savers now exposed to still indebted Irish banks and bail-ins – Bonkers.ie David Kerr mentions “one of note” GoldCore and GoldSaver on RTE radioRaboDirect, the online savings bank, is set to close the deposit accounts of all 90,000 customers by May 16. Rabodirect’s 90,000 depositors have more than €3 billion on deposit with the bank.
Friday, March 9, 2018
Mark O'Byrne - gold.ie
London Property Sees Brave Bet By Norway As Foxtons Profits Plunge
– Sales in London property market at ‘historic lows’ – 65% fall in pre-tax profits in 2017 to £6.5m reported by London estate agents Foxtons – Foxtons warns 2018 will ‘remain challenging’ for London property – Norway’s sovereign wealth fund is backing London’s property market – RICS: UK property stock hits record low as buyer demand falls – Own physical gold to hedge falls in physical property The world’s biggest sovereign state fund is backing the London property market. The news comes at a ti
Friday, March 9, 2018
Andy Hoffman - Miles Franklin
Debt and Delusions – Part One
This article was written for Miles Franklin by Gary Christenson. Quick summary:  U.S. debt, spending and deficits are out of control. Thinking otherwise is delusional. The “runaway train” of debt creation will end tragically. Protect your assets from a mathematically assured disaster while you can. Buy and hold silver, gold and platinum. The national debt of western nations plus Japan is a travesty that threatens national insolvency, a crashing financial system, and social stability! WHY? Gover
Thursday, March 8, 2018
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