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Gold & Silver Prices in
Articles related to Zimbabwe
 
Steve Saville - Speculative Investor
What is a bull market?
[This post is a slightly-modified excerpt from a recent TSI commentary] A reasonable definition of a bull market must be practical. This means that it must take into account the fact that what people really want from an investment is an increase in purchasing power, not just an increase in price. Figuring out whether or not an investment is in a bull market is therefore not as straightforward as observing its long-term trend in nominal currency terms. Here’s a great example of why looking only a
Monday, May 22, 2017
Chris Powell - GATA
Zimbabwe plans 'use it or lose it' mine-permit program for gold
Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are "sitting on lots of unused claims," the southern African country's Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program. Revisiting the Gold Trade Act "to allow for the ease of handling and transportation of gold to buying centers" and speeding up mine registration are among other recommendations. Zimbabwe, whose economy ha
Saturday, May 20, 2017
Mark O'Byrne - gold.ie
Gold Spikes On Heavy Volume On Trump, U.S. Political “Mess”
Gold prices rose for a fifth day to a two week high in early European trading on increasing U.S. political risk pertaining to the Trump Presidency and the increasing risk of impeachment and a U.S. political civil war. Stocks and U.S. Treasury bond yields tumbled as investors moved cash into safe-haven gold amid a global market selloff. Gold moved higher on very heavy volume yesterday and is now 1.5% higher for the week. Over one billion dollars of gold futures were bought in late afternoon trad
Wednesday, May 17, 2017
Chris Powell - GATA
Zimbabwe contemplates restoring its own currency with gold backing
* * * Gold Reserves to Anchor Local Currency By Walter Nyamukondiwa The Herald, Harare, Zimbabwe Tuesday, May 16, 2017 The government is working on a plan to establish a gold reserve to anchor the introduction of a local currency when the right time comes for the return to the Zimbabwe dollar, it has been learnt. This comes at a time when the country is grappling with cash shortages and economists believe that the issuance of a gold-backed local currency would help stimulate economic activity.
Tuesday, May 16, 2017
Bullion Vault
Gold Price Firm as India Faces GST, Deficits at Issue for Platinum Week
GOLD held firm with silver and platinum prices on Tuesday morning, trading at $1234 per ounce as world stock markets followed Wall Street higher and commodities extended their rise after crude oil jumped on Opec's promise of extended production cuts. With gold 1.6% above last week's 2-month lows versus the Dollar, the price of silver rose back above $16.70 per ounce, gaining 4.0% from last Tuesday's low.
Tuesday, May 16, 2017
Chris Powell - GATA
Report from another gold-rich country insisting on being poor
By Blessed Mhlanga The Standard, Harare, Zimbabwe Sunday, May 14, 2017 https://www.thestandard.co.zw/2017/05/14/black-market-thrives-banks-run-... Harare's Road Port has become the unofficial bank of last resort, never short of cash, no queues, and a multicurrency platform. The money market at this busy bus terminus now plays the role that the formal banking sector has failed. It is effectively making a mockery of the Reserve Bank of Zimbabwe (RBZ). Bundles of bond notes, hard United States doll
Sunday, May 14, 2017
Sprott Money
Will Gold or Silver Pay the Higher Interest Rate? - Keith Weiner
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power paradigm. In this view, the value of money—its purchasing power —is 1/P (where P is the price level). Inflation is the rate of decline of purchasing power. This view treat
Tuesday, May 9, 2017
Phoenix Capital - Gains Pains & Capital
Will Gold or Silver Pay the Higher Interest Rate?
by Keith Weiner This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power paradigm. In this view, the value of money—its purchasing power—is 1/P (where P is the price level). Inflation is the rate of decline of purchasing power. This
Tuesday, May 9, 2017
Keith Weiner - Monetary Metals
Will Gold or Silver Pay the Higher Interest Rate?
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power paradigm. In this view, the value of money—its purchasing power—is 1/P (where P is the price level). Inflation is the rate of decline of purchasing power. This view treats the
Tuesday, May 9, 2017
Sprott Money
Debt is Financial Life? Nonsense! - Gary Christenson
Examine the picture below. The global economy thrives on debt and credit. We purchase essential products using debt/credit. The U.S. dollar bill is a debt of the Federal Reserve. All debt based assets have counter-party risk. The St. Louis Federal Reserve publishes data on “Total Debt Securities” in $ millions. Note the rapid rise since 1971 after President Nixon encouraged rapid devaluation of the dollar. Yes, the total U.S. increases debt rapidly – about 9% per year on average since 1971
Thursday, May 4, 2017
FoFOA
All Paper is STILL a short position on gold 
The gold derivatives pyramid is a vigorous free market creature. It cannot be put down with a simple declaration that the paper is no longer redeemable in gold, as governments did with currency. It is a short selling scheme that has become a trap from which few short sellers will escape
Tuesday, April 25, 2017
Steve Saville - Speculative Investor
Long-term price targets are meaningless
Many commentators like to speculate on where the dollar-denominated gold price is ultimately headed. Some claim that it is destined to reach $3,000/oz, others claim that it won’t top until it hits at least $5,000/oz, and some even forecast an eventual rise to as high as $50,000/oz. All of these forecasts are meaningless. Long-term dollar-denominated price targets are meaningless because a) they fail to account for — and cannot possibly account for, since it is unknowable — the future change in t
Monday, April 24, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
David Galland - Casey Research
Three Levels of Survival Skills 
The situations in which survival skills become desirable or even necessary cover a wide range of possibilities. For example, if you are in what is euphemistically referred to as the "Golden Years," and your own government decides to manipulate interest rates to the point that the fixed income you rely on to survive falls into negative territory, survival skills will quickly come in handy, but survival skills of a different sort than, say, those required to stay afloat in a failed economy such as Zimbabwe. On that front, we'll hear from a Zimbabwean a bit further on.
Saturday, February 25, 2017
Chris Martenson
It’s Bubble Time!
It's impossible to predict with certainty how much more insane our financial markets will get before an inevitable correction. But my personal bet is: A lot! For my reasons why, take a few minutes to watch the chapter on bubbles below from The Crash Course. For those who haven't seen it before, the takeaway is this: bubbles pop only when greed in the market has been exhausted: Bubbles make no sense economically. Or rationally. But they happen all the time as a part of the human condition. E
Thursday, February 23, 2017
Andy Hoffman - Miles Franklin
Signs Of The Time
It’s Monday morning, and I’d like to start by asking if there’s anyone who doesn’t yet understand the desperation of the powers that be, to allow anything that might accelerate the inevitable collapse of history’s largest, most destructive fiat Ponzi scheme? On a weekend chock full of “PM bullish, everything-else bearish” developments, the gold Cartel started the week with the 174th “Sunday Night Sentiment” raid of the past 183 weekends; and the 786th “2:15 AM” EST attack, via the prototypical “
Tuesday, February 14, 2017
Andy Hoffman - Miles Franklin
Fear Dissemination, Fud, And Reality
Someone I greatly respect in the alternative media, constantly warns of people “peddling fear dissemination” to sell products – which naturally, include the ultimate crisis protection assets, Precious Metals.  He is one of the most optimistic people I know – which is for the most part, a very good thing.  Which, believe it or not, I am as well – but NOT about the horrific state of the global economy, monetary system, and geopolitical outlook.  And definitely NOT about the near-term future of the
Tuesday, February 7, 2017
Chris Powell - GATA
Alasdair Macleod: Price controls and propaganda
In his new commentary, "Price Controls and Propaganda," GoldMoney research director Alasdair Macleod explains why, despite the recent experience of Venezuela and Zimbabwe, governments are increasingly likely to resort to price controls to try to compensate their debasement of their currencies. Macleod's commentary is posted at GoldMoney here: https://wealth.goldmoney.com/research/goldmoney-insights/price-controls-...
Friday, February 3, 2017
Alasdair Macleod - Finance and Eco.
Price controls and propaganda
Most economists agree on one thing; price controls do not work. Many go on to say they create shortages of goods, which inevitably drives black market prices even higher than they would otherwise be.Price controls were last tried in the 1970s, and everyone swore, never again. The suggestion that they could return is laughed at today, even taken as madness. Only in Venezuela and Zimbabwe.However, the likelihood of their reintroduction is greater than generally realised, and is increasing all the
Thursday, February 2, 2017
Jan Skoyles - gold.ie
Dow 20K … US Debt $20 Trillion … Trump and $15,000 Gold
In case you’ve been hiding under a rock, the Dow Jones Industrial Average reached 20,000 earlier this week for the first time in its 132 year history to much media fanfare. Bigcharts via Financial Sense Since Trump’s election US market indicators, including the Dow have been ticking up – it has been labelled the Trump rally. This latest milestone is something that the new President is happy to take credit for. In fact, he tweeted ‘Great! #Dow20K’ in response.
Saturday, January 28, 2017
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