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Articles related to Sovereign Debt
 
Mish - Global Economic Analysis
How Long Will It Take for the ECB to Own All Sovereign Debt of Spain, Germany, France?
Huky Guru on Guru’s Blog posted a chart that answers the question: How Long Will it Take For the ECB to Own All Sovereign Debt of Eurozone Countries? At the current rate of purchase of sovereign bonds the ECB will have have purchased all sovereign debt issued by Spain in 9 years and Germany in 8.8 years. Bond Market Distortion Distortion in the corporate bond market has picked up since the ECB has started buying corporate bonds. The above chart shows a comparison between the yields of bonds e
Thursday, August 25, 2016
Sprott Money
Your Retirement Income is at Risk! - Gary Christenson
Social Security Pensions? Surely they are safe … the government told me they were safe. But there is more to the story, so read on. Private Pensions? State retirement accounts? An IRA or 401(k)? Equivalents in Europe, the UK, Australia, and Japan are probably similar. All are at risk and will be discussed further in part two. Few individuals think about such things, our unpleasant realities, the facts, and mathematical inevitability. It is easier to dream about the “free stuff” we will coll
Thursday, August 25, 2016
Mark O'Byrne - gold.ie
Jim Grant Is “Very Bullish On Gold”
Jim Grant is “very bullish on gold” due to deepening concerns of a crash in sovereign debt. The monetary historian and expert, financial journalist and editor of the investment newsletter ‘Grant’s Interest Rate Observer’ is always worth reading and listening to.Grant gave voice to his deepening concerns in an excellent interview with  Swiss business newspaper ‘Finanz und Wirtschaft’ (Finance and Economy):“From multi-billion bond buying programs to negative interest rates and probably soon helico
Wednesday, August 24, 2016
Mish - Global Economic Analysis
US Election: What’s in Store for Equities and Gold?
As we head into the final stages of the the US 2016 presidential election, one has to wonder: Does it matter at all who wins? And what are the implications for equities and gold? James Grant discusses election and equity questions Fed is Now Hostage to Wall Street. James Grant, Wall Street expert and editor of the investment newsletter Grant’s Interest Rate Observer, warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold. Mr. Grant warns of
Wednesday, August 24, 2016
Sprott Money
The Inflation Imperative - Gary Christenson
The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are: Massive inflation: a bad choice Default: an even worse choice From Jim Rickards (Strategic Intelligence – Sept. 2016 issue): “Given the nonsustainability of sovereign debt under current monetary regimes and the necessity for global inflation, there are three possible endgame scenarios facing us now.” “The first scenario is that central banks are finally
Wednesday, August 24, 2016
Mish - Global Economic Analysis
Mindless Central Bank Lemmings Head Towards Cliff
John Hussman had an interesting post this week on a The Decade of Zero and its Chaotic Unwinding. Hussman proposes that stocks and bonds are so ridiculously priced that expected returns in every time frame shorter than 10 years is likely to be negative. He believes stocks will not be flat for 10 years, rather there will be a drawdown of 40% or more at some point. Hussman also discussed central bank policy and whether or not there was any evidence it works. Let’s continue with the bank policy dis
Friday, August 19, 2016
Egon von Greyerz - Matterhorn AM
  HYPERINFLATION IS NIGH SO GOLD WILL GO HIGH
Hyperinflation is nigh so gold will go high By Egon von Greyerz This coming autumn, we are likely to see the beginning of the hyperinflationary phase of the sovereign debt crisis. Hyperinflation normally hits an economy very quickly and unexpectedly and is the result of the currency collapsing. Hyperinflation does not arise as a result of increasing demand for goods and services. The course of events in a hyperinflationary scenario can be summarised as follows: Chronic government deficits Deb
Wednesday, August 17, 2016
Przemyslaw Radomski CFA - SunshineProfits
Failed Monetary Policies Lift Gold
Last week, the World Gold Council (WGC) released a market update entitled “Failed Monetary Policies Lift Gold”. What are the main conclusions of the report? The price of gold rose by almost 29 percent year to date (as of August 2, 2016). It has been gold’s largest continuous gain since the European sovereign debt crisis in 2010 and 2011. As a result, gold has been one of the best performing assets so far this year, outpacing all major benchmark indices. According to the WGC, that excellent perfo
Thursday, August 11, 2016
Mark O'Byrne - gold.ie
Buy Gold and “Real Assets” Says the ‘Bond King’
Buy gold and “real assets” and not bonds is the financial advice of the “Bond King”, Bill Gross in his latest must read newsletter which covers everything from his favoured assets to sex.‘Bond King’ Bill Gross (Bloomberg)Gross, the founder of and ex boss of the largest bond fund in the world PIMCO, now manager of the Janus Global Unconstrained Bond Fund, says buy gold and warns of the risks in the bond market. He favours allocating funds to physical assets such as gold and real estate and he exp
Thursday, August 4, 2016
Sprott Money
You Can’t Eat Gold! - Gary Christenson
I read that I can’t eat gold as I munched on my 401(k) sandwich and guzzled my IRA wine, which tastes like a cheap Chardonnay. For a side dish, I ate blanched twenty dollar bills and consumed a chocolate money market for dessert. Yes, I am kidding. The point is that simple statements such as “You can’t eat gold” are a useless DISTRACTION. Why would the financial powers-that-be want a distraction? If you store your wealth in gold, it is out of the fiat financial system and out of the contro
Thursday, August 4, 2016
Michael Pento - Delta Global Advisors
4 Stages of Monetary Madness
There are four stages of fiat money printing that have been used by central banks throughout their horrific history of usurping the market-based value of money and borrowing costs. It is a destructive path that began with going off the gold standard and historically ends in hyperinflation and economic chaos. Stage one is the most benign of the four, but it sets the stage for the baneful effects of the remaining three. The first level of monetary credit creation uses the central banks
Wednesday, August 3, 2016
Mish - Global Economic Analysis
Damning Internal Report Shows IMF Repeatedly Bent Rules, Caved in to Merkel on Greek Bailout
An internal IMF report shows the IMF repeatedly succumbed to political pressure, ignored its own rules, and kept many executive board members in the dark about the state of affairs. Please consider IMF Swayed by Politics During Eurozone Crisis, Say Inspectors. The International Monetary Fund repeatedly succumbed to political pressure from European governments during the eurozone debt crisis, according a damning internal report on bailout strategy that will fuel debate over whether it should co
Saturday, July 30, 2016
Mark O'Byrne - gold.ie
Trump, Clinton, “Ugliest” Election Coming – Gold’s “Summer Doldrums” Prior To Resumption of Bull Market
The Trump and Clinton election is set to be one of the “ugliest” and “messiest” U.S. elections ever, astute gold analyst Frank Holmes warned this week. He believes this is a reason to own gold and will be one of the factors that will see a resumption of gold’s bull market after the summer doldrums which we explore below.Republican presidential candidate Donald Trump delivers a speech at the Republican National Convention on July 21, 2016 (Photo by John Moore/Getty Images)Gold is now in the “summ
Friday, July 29, 2016
Sprott Money
Free Stuff, Monopoly Money, and Free Passes - Gary Christenson
THINKING OF THE RNC AND DNC… Politicians get elected by telling voters what they want to hear, especially that voters will receive a pile of “free stuff.” Politicians are (usually) funded by large corporate interests, particularly the financial industry, military contractors, Big “Ag,” and Big “Pharma.” It takes $ billions to buy a Presidential election and large corporate interests expect favorable access and legislation as a result of their huge contributions. It is easy to see. Conclu
Wednesday, July 27, 2016
Mish - Global Economic Analysis
Did Merkel’s Misguided Pragmatism Wreck the EU? Eurozone?
Financial Times columnist Wolfgang Münchau points a finger squarely at chancellor Angela Merkel in his article High Price of Europe’s Misguided Pragmatism. As is typically the case, Münchau gets some things right while missing the big picture. As for solutions, Münchau is nearly always wrong. Sustainability is what this is all about. This is the main lesson from the Brexit vote. Britain will leave the EU not because David Cameron , the former prime minister, made a tactical error. He did, of co
Tuesday, July 26, 2016
Sprott Money
Retirement Dreams and Nightmares! - Gary Christenson
You want to retire? The retirement dreams of most Americans, Japanese, and Europeans are threatened. Why? There are many reasons. We can’t quit working – we need health insurance, even when the rates increase by double digits each year. Grim! We can’t afford to retire – we have too much debt. We have lived beyond our means, just like our governments, for decades, by borrowing from the future – that is, going into debt to pay today’s expenses with tomorrow’s income. The official US nationa
Tuesday, July 26, 2016
USA GOLD - USA Gold
Gold Dips Back Within Range Ahead of Weekend