Articles related to Collapse
 
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
Robert Blumen - 24hgold
  The Myth of the Gold Supply Deficit 
Analyses based on annual supply and demand of gold appear on a daily basis, whether posted to gold web sites or in the financial media, many of them by the most respected analysts of gold mining shares. These articles typically show an imbalance between supply and demand, suggesting that there is a gold supply deficit. From there, the conclusion follows that a much higher gold price is required in order to bring supply and demand into balance.
Wednesday, April 4, 2018
Oilprice.com - oilprice.com
Supply Crunch Or Oil Glut: Investment Banks Can't Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC's production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street's major investment banks. The biggest banks remain bullish on oil prices, expecting moderate price gains by the end of the year, even after last month WTI prices dropped below $50 for a couple
Sunday, April 1, 2018
Chris Powell - GATA
U.S. bank derivatives books larger since rescue of Bear Stearns
At the end of January 2008, in what would turn out to be its final annual report, Bear Stearns went into some detail about its big book of derivatives. The book had a notional value of $13.4 trillion at the end of November, Bear said, up more than 50 percent from a year earlier. A two-notch downgrade in the firm's credit ratings, it added, would require it to come up with an extra $353m in collateral. This huge cluster of financial instruments -- swaps, futures, forwards, and options -- may not
Sunday, March 18, 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
Chris Martenson
  Russia Did It!
This past week saw an enormous outpouring of respect and admiration for Stephen Hawking upon his passing. In contrast to his frail health in life, his contributions to our understanding of the universe were prodigious and robust. Hawking's elevation of rational and intellectual truth above all else, even his failing body, inspired a generation of science lovers. Perhaps, too, he represented something in desperately short supply in today's world: intellectual integrity. Our lives are now fraught
Friday, March 16, 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
Egon von Greyerz - Matterhorn AM
DERIVATIVES – A RECIPE FOR DISASTER SYSTEMIC COLLAPSE
Gambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling, Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can also lose it all. Gambling has been around for thousands of years and maybe longer. The first 6-sided dice dates back 3000 years. Eventually gambling became more organised as casinos were established. The first well known casino was s
Thursday, March 15, 2018
Keith Weiner - Monetary Metals
Open Letter to GATA
Dear GATA and Mr. Chris Powell: I am writing this in response to your article Monetary Metals’ Weiner refuses to see anything wrong in the gold market. There is a certain irony for me to read that I refuse to see. I have spent eight years studying the mechanics of the market, building a model, developing software to run the model through several generations, and licensing nearly three terabytes of data giving ever bid and offer in both the spot and futures markets with sub-millisecond resolution
Thursday, March 15, 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
Mac Slavo - ShtfPlan
Global Elitists: Bitcoin’s ‘Intrinsic Value Must Be Zero’, Bubble About To Burst
Allianz Global Investors, the investment arm of Europe’s biggest insurer, employees economists who say Bitcoin is absolutely worthless, and a bubble that’s about to burst. Allianz Global, which manages almost 500 billion euro, says Bitcoin “ticks off all the boxes” for a major asset bubble. “In our view, its intrinsic value must be zero,” Stefan Hofrichter, the company’s head of global economics and strategy, wrote in a recent web post. “A bitcoin is a claim on nobody – in contrast to, for insta
Wednesday, March 14, 2018
Mac Slavo - ShtfPlan
Selco: What We Ate and How We Got Food When the SHTF
This report was originally published by Selco at The Organic Prepper Editor’s Note: If a disaster is bad enough and lasts long enough, it isn’t going to take long before there is no food to be had. In this interview with Selco, he shares his real-life experiences and explains how people kept from starving to death when there was no food in the stores. ~ Daisy How do you get food when there are no stores? At the beginning of everything, most of the people did not have any significant “stash” of
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
Chris Powell - GATA
Hungary's central bank to repatriate its 3 tonnes of gold from London
* * * From Hungary Today, Budapest Tuesday, March 6, 2018 http://hungarytoday.hu/news/hungarian-national-bank-decided-bring-gold-r... The leadership of the Hungarian National Bank has decided to bring back home Hungary's gold reserves. Up to now, 100,000 ounces (3 tonnes) of the precious metal were stored in London, which is in total worth some 33 billion forint ($130 million) at current gold prices. The decision seems to be in line with international trends as storage of gold reserves out of th
Tuesday, March 13, 2018
Gustave de Molinari
On « Ulcerous government”
By the very fact of their anti-economic constitution, governments have become the ulcers of societies (“les ulcères des sociétés”), to use the strong expression coined by J.B. Say. As population and wealth increase, thanks to the progressive development [531] of competitive industries, a growing mass of vital energy is sucked out of society by the suction pump which are taxes and debts, in order to subsidise the costs of production of public services, or to put it in a better way, to subsidise the support and easy enrichment of the particular class which controls the monopoly of the production of these services.
Tuesday, March 13, 2018
James Howard Kunstler
  School Daze 
Sunday night was Secretary of Education Betsy DeVos’s turn through the CBS 60-Minutes wringer of censure with a visibly frustrated inquisitor Lesley Stahl trying to hector her into self-incrimination. The sad truth about American schools is that they’re a mirror for the painful collapse of the society they supposedly serve — a process ongoing for decades before Ms. DeVos came on the scene. The expectation that some uber-regent can or ought to fix public education is bound to disappoint a news me
Monday, March 12, 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
Frank Shostak
Why We Now Measure Gold in Dollars — and Not the Other Way Around
Prior to 1933, the name "dollar" was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means that one ounce of gold referred to $20.67.Observe that $20.67 is not the price of one ounce of gold in terms of dollars as popular thinking has it, for there is no such entity as a dollar. Dollar is just a name for 0.048 ounce of gold. On this Rothbard wrote,No one p
Saturday, March 10, 2018
Andy Hoffman - Miles Franklin
Is Gold Worth More Or Less Than Its $1900 High In 2011
One of the challenges with investing in precious metals is that there is so much distortion in the market that figuring out a true fair value is not always the easiest thing to do. Yet there are clues investors can look at that indicate that when the price starts to move, it won’t be by a small amount. Back in 2011 I was still working as an equity options trader on the New York Stock Exchange, and was about two years into my studies of the precious metals market. Following the collapse of the su
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
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