Articles related to Zimbabwe
 
Michael Ballanger
  Cryptojunkies: Beware the Ides of December
It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial traders. The weekly COT for that week showed an aggregate short position of a miniscule 2,911 contracts down from the earlier highs of over 300,000 contracts. About six weeks later, despite the earlier bottom in gold, the HUI (NYSE Ar
Tuesday, December 12, 2017
Alasdair Macleod - Finance and Eco.
Inflation v Deflation – State Finances
There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing
Friday, December 8, 2017
Andy Hoffman - Miles Franklin
The Chances Are Exactly Zero
Financial sanity and stability may not return, but we can protect our assets and learn from the discussion. The DOW, S&P500, NASDAQ and other markets sell at all-time highs. However, we know many imbalances exist within our financial world. This is not new – things have been crazy before, are now, and will be again. But to regain financial sanity we need: From “Doug Casey on the New Fed Chair” “In an ideal world there would be some radical changes. The best thing for the US in the (famous) long
Monday, December 4, 2017
Phoenix Capital - Gains Pains & Capital
Hyperinflation: Much Talked About, Little Understood
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Professor Liping He from Beijing Normal University has produced a most comprehensive and useful scholarly treatment of world hyperinflation. It is hot off the press. This is a welcomed addition to the literature. Indeed, Hyperinflation: A World History is destined to become a standard reference on the topic. My basis for this judgment rests on my own travails in grappling with the literature and data
Friday, December 1, 2017
Michael Ballanger
The True Meaning of Bitcoin's 'Success'
In the year 301 AD, the Roman unit of barter was the denarius, which had originally been 95% pure silver when introduced by Augustus at the end of the first century BC but by the time of Diocletian's rule, it had moved to 50,000 denarii to a pound of gold. Ten year later, it took 120,000 denarii to buy a pound of gold and by 337, that figure was 20,000,000. What had occurred in a mere 400 years was that a slow and agonizing erosion in the purchasing power of the Roman currency accelerated to ful
Friday, December 1, 2017
Alasdair Macleod - Finance and Eco.
Deflation must be embraced
There are two problems with understanding deflation: it is ill defined, and it has a bad name. This article puts deflation into its proper context. This is an important topic for advocates of gold as money, who will be aware that sound money, in theory, leads to lower prices over time and is often criticised as an objective, because it is not an inflationary stimulation.The simplest definition for deflation is that it is when the quantity of money contracts. This can come about in one or more of
Friday, November 24, 2017
Jan Skoyles - GoldCore
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe
– Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe – Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis – Venezuela’s new 100,000-bolivar note is worth less oday thehan USD 2.50 – Maduro announces plans to eliminate all physical cash – Gold rises in response to ongoing crises A military coup-de-grace in Zimbabwe and a bankrupt Venezuela. Both countries have extreme hyperinflation, citizens are starving and basic medical treatment is near impossibl
Wednesday, November 22, 2017
Phoenix Capital - Gains Pains & Capital
Two Hyperinflations In Less Than Ten Years Did Mugabe In
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Robert Mugabe’s 37-year reign of lawlessness, corruption and incompetence has just come to an end.  Mugabe is toast, thanks to a “soft coup” engineered by Emmerson Mnangagwa (aka: “the Crocodile”), who was Zimbabwe’s Vice President until he was dismissed earlier this month by Mugabe. Now, with the support of the military, the Crocodile will probably serve as Interim President until elections are held.
Wednesday, November 22, 2017
Michael J. Kosares - USA Gold
How Gold Performs During Periods of Deflation, Disinflation, Runaway Stagflation and Hyperinflation…
Amid the global crisis in confidence, investors seem to be rediscovering the fact that gold has been used as money for thousands of years. In periods where black swans are no singular occurrences but are practically coming in flocks, the status of gold as a safe haven has yet again proven its worth. - Ronald-Peter Stoferle, The Erste Group
Tuesday, November 21, 2017
Phoenix Capital - Gains Pains & Capital
The Economist Magazine Remains Confused On Zimbabwe Inflation
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. The Economist magazine remains confused. The November 4th issue of The Economist carried reportage on the ever-more acute economic disaster that grips Zimbabwe: “Surviving under Mugabe: Zimbabwe’s Deepening Crisis.” While the broad outlines of this reportage are correct, one reported “fact” in particular is simply wrong -- a real howler that any good fact checker should have flagged as an error to be
Sunday, November 19, 2017
Chris Powell - GATA
Bitcoin is the new crisis currency
About a third of the customers queuing at La Maison du Bitcoin's teller windows in Paris aren't speculating on the value of the cryptocurrency. They're sending digital money home to Africa. “In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you need is a phone.” Zimbabwe, where the price of bitcoin spiked to double the international rate after this week's military takeover, shows Jamie Dimon, Axel Weber
Friday, November 17, 2017
Bullion Vault
Gold Prices Hit 4-Week Dollar High as Stocks Fall from 'Irrational Exuberance'
GOLD PRICES jumped to 4-week highs against a weakening US Dollar in London trade Wednesday lunchtime, reaching $1288 per ounce as world stock markets followed Wall Street lower for the 5th session running. New data today showed US inflation holding at the Federal Reserve's 2.0% annual target in October, while retail sales rose 4.6% from the same month last year. Silver and platinum
Wednesday, November 15, 2017
Phoenix Capital - Gains Pains & Capital
Zimbabwe’s Inflation Monitor: A Weekly Update
In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. The annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^23) percent (see table below).  At the peak of Zimbabwe’s hyperinflation episode in November 2008, Zimbabweans refused to use the Zimbabwe dollar. With that, the economy was spontaneously, and unofficially, dollarized. Eventua
Saturday, November 4, 2017
Andy Hoffman - Miles Franklin
Gold, Biker Wisdom and Dollar Devaluation
A common expression among bikers who love to ride is, “It’s not the destination, it’s the journey.” TS Elliott and others made similar statements nearly a century ago. How Does This Apply to Gold and Dollar Devaluation? Some adults understand: Voltaire said over 200 years ago, “Paper money eventually returns to its intrinsic value – zero.” The value of the U.S. dollar has declined from about 1/40 of an ounce of gold to its current level of about 1/1300 ounce of gold since 1971. Because central
Monday, October 30, 2017
Jason Hamlin - Gold Stock Bull
Bitcoin Price Target of $7,850 by November 16th
Bitcoin has enjoyed a massive breakout during 2017, up over 500% year to date from $960 to the current price of $5,750. It briefly hit an all-time high near $6,200 last week, but has since corrected nearly 10%. The main driver of the price advance was the Bitcoin Gold fork, as investors were looking to increase their exposure to Bitcoin prior to the snapshot in order to get free Bitcoin Gold. Once the fork date passed, the correction ensued, with the price dropping toward $5,400, before bouncing
Saturday, October 28, 2017
Sprott Money
The Black Market: The Embryonic Free Market - Jeff Thomas
In my lifetime, I’ve witnessed five Cubas. Pre-Revolution, 1952-1958 In the 1950’s, the Cuban people suffered under great oppression from its military dictator, Fulgencio Batista. The great majority of Cubans at that time lived in fear and welcomed regime change. That change came from Fidel Castro and a small band of rebels in 1959. Although the rebels were poorly armed, poorly trained and were by no means expert military strategists, they had a distinct advantage: the Cuban people would g
Thursday, October 26, 2017
Sprott Money
David Morgan: Platinum, Palladium, or Rhodium - Maurice Jackson
David Morgan of the Morgan Report sits downs with Maurice Jackson of Proven and Probable to discuss anomalies currently in the Precious Metals sector. Specifically, we will be discussing Platinum, Palladium, and Rhodium. David will uncover the supply and demand fundamentals on mining, cost of production, utility, and ratios. Speculators will find some unique opportunities that these anomalies are creating. In addition, Mr. Morgan will address his thoughts on crypto-currencies. Are the
Sunday, October 22, 2017
Phoenix Capital - Gains Pains & Capital
Zimbabwe Inflates, Again… 
In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion (10^21) percent (see table below). At this point, prices were doubling every 24.7 hours. During Zimbabwe’s hyperinflation episode (2007-2008), the Reserve Bank of Zim
Sunday, October 15, 2017
Alasdair Macleod - Finance and Eco.
The upcoming increase in interest rates
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and the Bank of Japan must be considering similar moves.Central banks coordinate their monetary policies as much as possible, which is why we can take the view we are about to embark on a new policy phase of higher interest rates. The intention of this new phase must be to normalise
Friday, October 6, 2017
Antal E. Fekete - Gold University
The Supply of Oxen at the IMF
.
Friday, October 6, 2017
12345678910...