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Gold & Silver Prices in
Articles related to Theory
Mish - Global Economic Analysis
Two Italian Banks Fail: Bail-In Rules Changed to Protect ECB and Political Class from Losses?
On Friday the ECB Shut Down Venice-based Veneto Banca and Banca Popolare di Vicenza as failed or failing banks. The bailout cost is purportedly €5.2 billion ($5.8 billion), but costs nearly always exceed initial projections. Under the announcement, senior bondholders and depositors will be protected. The European Central Bank said Banco Popular was “failing or likely to fail” due to its dwindling cash reserves. The good assets of Banca Popolare di Vicenza and Veneto Banca will be taken on by I
Sunday, June 25, 2017
Dan Popescu - GoldBroker
The Gold Standard
According to Mises, money’s function as a medium of exchange is thus the central one, while its store of value and unit of account functions are merely subordinate functions. I would say store of value and unit of account is what makes the medium of exchange marketable. The medium of exchange has to be simple to understand, not only by educated people but also the most uneducated. It has to be easily accessed, not only in ideal circumstances but also in difficult ones. Many things have been trie
Saturday, June 24, 2017
Mish - Global Economic Analysis
Citizens Will Soon Turn their Rage Towards Central Bankers
Via Email, I received an interesting article from Albert Edwards at Societe Generale. Edwards claims citizens will soon turn their rage towards Central Bankers. In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? I expect central bank independence will be (and should be) the next casualty of the current poli
Friday, June 23, 2017
Alasdair Macleod - Finance and Eco.
Left wing, ... 
One of the saddest things about Britain’s recent general election was the level of ignorance displayed by all parties on the broad subject of political economics. I use the term to include both political philosophy and pure economic theory.Labour, the Liberal Democrats and the Scottish Nationalists seem to think free markets are right-wing. The Conservatives appear to have lost all compass, most government ministers believing free markets without government regulation are chaotic, with unscrupul
Thursday, June 22, 2017
Thorsten Polleit -
The Super Bubble Is in Trouble
You do not need to be a financial market wizard to see that especially bond markets have reached bubble territory: bond prices have become artificially inflated by central banks' unprecedented monetary policies. For instance, the price-earnings-ratio for the US 10-year Treasury yield stands around 44, while the equivalent for the euro zone trades at 85. In other words, the investor has to wait 44 years (and 85 years, respectively) to recover the bonds' purchasing price through coupon payments.Me
Wednesday, June 21, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 3
This Insight is the fifth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the third chapter of Section I.View the Entire Research Piece as a PDF here.The Sources of Economic "Inequality"“Why have labor market institutions and social
Wednesday, June 21, 2017
Chris Vermeulen - GoldandOilGuy
Global Blast-Off Trade Setup
Our analysis of the global markets and metals markets are prompting us to issue a warning that may not shock a number of our followers – but may surprise others. We use a number of custom indicators, custom indexes and other specialized features to try to keep our valued members aware of moves before they happen at You may recall our recent article warning of a VIX spike between June 9th and June 13th in correlation with a US market correction (NASDAQ). We nailed this
Tuesday, June 20, 2017
Frank Shostak
  Fractional-Reserve Banking and Money Creation
According to traditional economics textbooks, the current monetary system amplifies initial monetary injections of money. The popular story goes as follows: if the central bank injects $1 billion into the economy, and banks have to hold 10% in reserve against their deposits, this will allow the first bank to lend 90% of this $1 billion. The $900 million in turn will end up with the second bank, which will lend 90% of the $900 million. The $810 million will end up with a third bank, which in turn
Monday, June 19, 2017
Bob Hoye - Institutional Advisors
Checklist for a Top
Signs of The Times "Celine Dion Drops the Price on Her Jupiter Island Estate by $27 million" - L.A. Times, May 28. "Hard Times Hit Billionaire's Row with Luxury Condo Foreclosure" - New York Post, May 30. "Pending Home Sales Crash Most In 3 Years" - Zero Hedge, May 31. "Debt Pile-Up in US Car Market Sparks Subprime Fear" - Financial Times, May 30. "Per Capita Taxes Have More Than Doubled Since JFK" - CNS News, May 31. "Rents Are Deflating in the Hottest Cities" - Business Insider, June 4. Pe
Saturday, June 17, 2017
Mish - Global Economic Analysis
Are Banks Hoarding Cash? Debate Over “Free Money” Interest on Excess Reserves
In response to Free Money! Banks Paid $22 Billion to Not Lend? I received a comment from economist Professor George Selgin who said I do not know what I am talking about. Selgin made similar comments about Chris Whalen, Chairman of Whalen Global Advisors LLC,  in two supporting links. I also received a Tweet from economist Professor Steve Keen who said: “Mish Nails It“. Both viewpoints cannot be right. Let’s explore competing viewpoints on lending excess reserves, banks hoarding cash, and free m
Friday, June 16, 2017
Mish - Global Economic Analysis
Batty Ideas: Boiling Frogs and BATs
The widely believed boiling frog theory says if put a frog in boiling water it will jump out but if you slowly raise the temperature it will stay in until it dies. The theory is wrong, frogs will not stay in water to be slowly boiled to death. Nonetheless, the boil them slowly idea lingers on in many forms. For example, Rep. Kevin Brady Floats 5-Year Phase-In of Border Adjustment Tax. The top House Republican tax legislator floated a five-year phase-in to his controversial “border adjustment”
Friday, June 16, 2017
Jason Hamlin - Gold Stock Bull
GSB Weekly Review: FED Hikes, Dollar Climbs, Gold Slides
Gold and Silver Commentary: Gold bottomed in December of 2015 and again in December 2016, but gold prices have risen for the past six months.  The 50 day moving average (gold, but not yet silver) has crossed above the 200 day moving average – a so-called “golden cross.”  Expect higher prices for both gold and silver. Gold should move higher for several years given the increasingly dangerous global economic conditions, low interest rates and continual fiat currency devaluations.  A major stock ma
Friday, June 16, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 2
This Insight is the fourth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the second chapter of Section I.View the Entire Research Piece as a PDF here.Cantillion and the Austrian Economic School on Money and Financial Crises“There i
Wednesday, June 14, 2017
Mish - Global Economic Analysis
Two More Spanish Banks Hit By Contagion: Another Deflationary Bust Coming Up
Five days ago the Telegraph reported Santander Buys Struggling Spanish Bank Popular for €1. The Article called it a “watershed deal masterminded by EU regulators to avoid a damaging collapse.” Reality is quite a bit different as two more Spanish banks are in serious trouble. First, let’s finish some details about Banco Popular from the Telegraph article. Santander will tap its shareholders for €7bn in a rights issue to raise the capital needed to shore-up Popular’s finances in a dramatic privat
Tuesday, June 13, 2017
Chris Martenson
Why The Markets Are Overdue For A Gigantic Bust
Let me begin with a caveat: confirmation bias is an ever-present risk for an analyst such as myself. If you're not familiar with the term, 'confirmation bias' suggests that once we've invested time and emotional energy into developing a worldview, we'll then seek information to confirm that view.    After writing about the economy for so many years, I'm now so convinced that we can't print our way to prosperity that I find myself seeing signs confirming this view everywhere, every single day. So
Saturday, June 10, 2017
Sprott Money
For Every Action, There Is an Equal and Opposite Reaction - Jeff Thomas
Newton’s third law of motion has proven the test of time, since he first stated it in 1686. If we were to apply the same concept to political history, we might say, A nation that rises to a great height will fall to an equally great depth. At first glance that seems to be merely clever wordsmithing. However, historically, it does seem to play out exactly that way. Most countries tend to ebb and flow as to their prosperity, but those that rise to great heights, particularly those that rise t
Tuesday, June 6, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter I
Chapter IThis Insight is the third in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the first chapter of Section I.View the entire Research Piece as a PDF here.On the Misunderstanding of Money“[Adam] Smith, far from being the founder
Tuesday, June 6, 2017
Phoenix Capital - Gains Pains & Capital
Stocks, Bonds, Euro, and Gold Go Up, Report 4 June, 2017
The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don’t often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have). The initial reaction in the US equities market (futures, as this was before the opening bell) was down. But it was muted, and the
Monday, June 5, 2017
Thorsten Polleit
How Long Can the Fed Keep the Boom Going? 
The US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of 43. In other words: It takes 43 years for the investor to recoup the bond’s purchase price through coupon payments; the bond market’s PE ratio even went up to 68 in June 2012 and July 2016, respectively.At the same time, the PE ratio of the stock market is at 23, significantly higher than its long-term average of close to 17 for the period from 1973 to 2017. Tha
Monday, June 5, 2017
Perth Mint Blog - Perth Mint Blog.
The ultimate guide to silver
Thinking about investing in silver? Here's your essential guide to the history, culture and science of one of the most remarkable metals known to man.  . The Periodic Table lists elements in order of atomic weight. At 47 on the table, silver is represented by 'Ag' from argentum, the Latin description for white, shiny metal.  . Silver is one of the seven so-called 'metals of antiquity' which mankind identified and found uses for thousands of years ago.  . First mined around 3,000 BC i
Monday, June 5, 2017