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PRECIOUS METALS (US $)
Gold 1363.80-12.90
Silver 22.39-0.09
Platinum 1465.005.00
Palladium 746.202.00
WORLD MARKETS
DOWJONES 1542639
NASDAQ 3495-7
NIKKEI 15627246
ASX 5142-14
CAC 40 405115
DAX 853159
HUI 2551
XAU 97-3
CURRENCIES (€)
AUS $ 1.3264
CAN $ 1.3329
US $ 1.2870
GBP (£) 0.8542
Sw Fr 1.2607
YEN 132.9170
CURRENCIES ($)
AUS $ 1.0314
CAN $ 1.0357
Euro 0.7770
GBP (£) 0.6640
Sw Fr 0.9798
YEN 103.2400
RATIOS & INDEXES
Gold / Silver60.91
Gold / Oil14.20
Dowjones / Gold11.31
COMMODITIES
Copper 3.380.05
WTI Oil 96.05-0.66
Nat. Gas 4.18-0.01
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Articles related to Purchasing Power
 
Axel Merk - Merk Fund
Crash Proof Your Portfolio
With the stock market seemingly reaching new highs every day, should we worry about a crash that puts an end to the party? If so, how should investors prepare? Let us explain. Golden canaries in the coalmine?In the 1980s, portfolio insurance was all the rage. The idea was that one could always buy stocks, as derivatives could protect one's portfolio on the downside. However, things turned from bad to worse in 1987 when the linkage between stocks and commodities
Wednesday, May 22, 2013
Steve Saville - Speculative Investor
Falling Prices Are Natural
The following isexcerpted from a commentary originally posted at www.speculative-investor.com on 16thMay 2013.The USgovernment usually admits to "price inflation" of about 2%/year. Asfar as we can tell, the actual rate is probably at least 5%/year, but no morethan 7%/year. Let's say 5%/year for the sake of argument. Considering what theFed has been doing on the monetary front, 5%/year still seems low. It'scertainly a long way from the hyperinflation that some gold and commodity bullsexpected to
Wednesday, May 22, 2013
Mike Maloney - Goldsilver
The Federal Reserve Treasure, or Relic?
Many would argue that the Federal Reserve is the mainstay of the American economy—that without a Federal Reserve, the nation’s finances would spin out of control and create massive global instability. Supporters of the Federal Reserve system believe prosperity requires prices to be altered by congressionally authorized monopoly—enforced by the Legal Tender law. U.S. Founding Father Thomas Paine on legal tender: As to paper money, in any light it can be viewed, it is at best a bubble. If an
Monday, May 20, 2013
The Gold Report
Gold and Bitcoin: Currencies of the Future?James Turk
The Gold Report: James, from your perspective in Europe, is the region in as bad a financial crisis as it appears in the headlines here in the U.S.? James Turk: Yes, it really is. However, Europe is a big place, and you have to look at the individual countries one by one to understand the situation. Generally speaking, the Mediterranean countries are in the worst shape. Germany has been in the best shape, although recent economic data indicate it may be falling into a recession again. France is
Saturday, May 18, 2013
FOFOA - FoFOA
Glimpsing the Hereafter 2 
In this, my 400th post, I will peer into the future, to the Freegold revaluation and beyond. But I do not have an actual crystal ball. All I have is logic and reason, and a little help from Another and FOA. So to quote FOA, "If you came with a notion that I am someone who sees the future, grab the children and run far away." But if you came bearing your own logic and reason, then perhaps you will find this post useful. :D I will touch on a few topics that have been the subject of recent dis
Saturday, May 18, 2013
Deepcaster
  Biggest Bubble About to Burst
"Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system.  The system remains still in the throes and aftershocks of the 2008 panic and the near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government.  Further panic is possible and hyperinflation is inevitable.  "The economic and systemic solvency crises of the last eight years continue.  There never was an actual recovery following t
Saturday, May 18, 2013
Michael Kilbach - Investment Score
The Casino Vs. The Gambler
What gives you the upper hand or what is your "edge" in the financial markets? If you don't know your "edge , then you don't have one and your odds are probably more like those of a gambler in a casino. If you know your "edge" and you have a slight, legitimate advantage over the rest of the market, then over time you should make money. A casino has an "edge" over their customers and with the odds in their favor they make money over time while the gambler, well... gambles. This articl
Friday, May 17, 2013
Mike Maloney - Goldsilver
China's Gold Blitz of 2013 
As the paper gold price continues its choppy consolidation, after gaining a following and an initial sharp decline in mid-April, the world’s attention is now focused on Chinese and Indian demand for gold, “which between them is absorbing an all non-Asian mine supply…. “Chinese net purchases of gold totaled 320.54 metric tons (mt) in first quarter 2013.” This “Gold Blitz” of 2013 reflects an increasing confidence in precious metals over paper currencies. Many of the world’s countries have exper
Tuesday, May 14, 2013
Michael Pento - Delta Global Advisors
Bubbles Inflating Faster Than GDP
Global central banks have clearly demonstrated the ability to re-inflate stock and real estate bubbles. Global stock markets are roaring ahead of their economies and real estate prices are quickly rebounding from their recent collapse. However, rock-bottom interest rates and massive money printing have yet to show an aptitude for creating sustainable GDP growth. There has been a lot of talk about a rebound in the equity and real estate markets helped along by the Fed's free money. That
Monday, May 13, 2013
Ranting Andy - Miles Franklin
NIRP VS. Gold, Part II
Read the Friday Afternoon Wrap-Up for 5/10/2013 and the Monday Morning Commentary for 5/13/2013 Last summer, yet another European crisis prompted short-term interest rates to plunge BELOW ZERO.  Several nations even mandated short-term “NIRP” – or Negative Interest Rate Policy – to force investors to pull funds from banks and spend them; as discussed in my July 18, 2012 RANT, “NIRP VS. GOLD” Two days later – on July 20th – the ECB printed €100 billion to (temporarily) bail out the Spanish bankin
Monday, May 13, 2013
Ron Paul
Federal Reserve Blows More Bubbles 
Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move. The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don't start looking up. But actually the Fed has already been buying more than the announced $85 billion per month. Between February
Monday, May 13, 2013
Jeffrey Lewis
Intrinsic Value and the Final Battle for Silver
When looking at the intrinsic value of hard currencies like silver relative to that of paper fiat currencies like the U.S. Dollar, some serious questions need to be asked and answered. Here is one series of questions that can be used to initiate such an analytical process and some rational answers:·What is the intrinsic value of fiat currency? The value of the paper they are printed on.·What is the nature of a measuring stick? To provide a consistent gauge of size or value. ·What is backing all
Friday, May 10, 2013
Mike Hewitt - Dollar Daze
America's Forgotten War Against the Central Banks
In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.
Friday, May 10, 2013
Peter Schiff - Euro Pacific Capital
Symptoms Don't Lie 
A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools. When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments. This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the h
Friday, May 10, 2013
Deepcaster
Market Forecasts Nuggets
"After watching the effects of the mediocre payrolls number yesterday (Friday, 5/3/13) which culminated in a push over 1600 in the S&P 500 and a print in the Dow over 15,000, I thought it might be useful to note a few things about this most recent example of a hysteria. "I am on record here as stating that the entire stock market rally is nothing but a Federal Reserve induced bubble brought about by artificially low interest rates starving investors for yield elsewhere. The Fed, along with the B
Friday, May 10, 2013
Paul Tustain - Galmarley.com
  Calculating the "Fair Value" of Gold 
In the absence of cashflow, judging gold's present "fair value" means analysing it like an insurance actuary would...
Tuesday, May 07, 2013
James Turk - Goldmoney
  A Short History of the Gold Cartel 
Governments want a low gold price to make national currencies look good. Gold is recognizable the world over as the "canary in the coal mine" when it comes to money. A rising gold price blurts the unpleasant truth that a national currency is being poorly managed and that its purchasing power is being inflated.
Monday, May 06, 2013
Food for thought
Why Governements try to control prices, by Keynes
A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value. To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all.
Monday, May 06, 2013
Deepcaster
Profiting from Coming Crises
(The Fed is) "creating massive fraud.in the short term it's great for assets.at some point there's a levitational problem."Nouriel Roubini,CNN Money, April 29, 2013Like it or not, several crises are impending in the next few months. And it is highly likely certain of these are unavoidable.Fortunately, it is possible to prepare to avoid significant damage from most of these and indeed to profit, as we indicate here.Unfortunately, if one fails to prepare for certain of these very soon, it will be
Friday, May 03, 2013
Jeffrey Lewis
Little Cracks in Confidence
It looks as if the silver market has finally bottomed, as the tarnished price of silver recovered some of its luster over the last two weeks.The big silver shorts have continued to exit their futures positions, yet there remain some elephants in the market — as evidenced by yesterday's non-economic volatility. Furthermore, despite various perception related issues, the underlying case for holding physical silver remains as strong as ever, while public confidence in paper currencies trends ever l
Friday, May 03, 2013
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