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Articles related to Sovereign Debt
 
John Rubino - Dollar Collapse
How Stupid Do You Have To Be, Part 2: 100-Year Bonds
"Of course there are true copper bottomed mistakes, like spelling the word "rabbit" with three m's, or wearing a black bra under a white blouse, or, to make a more masculine example, starting a land war in Asia." ~ John Cleese We all make mistakes, but some are bigger than others. An example of a serious one that's both potentially catastrophic and easily avoided is to lend money for long periods during a time of rising debt and financial instability. Who, for instance,
Tuesday, May 17, 2016
Michael Pento - Delta Global Advisors
Why Puerto Rico Defaulted and Greece Did Not
The Caribbean island of Puerto Rico is in the throes of a debt crisis that recently reached a breaking point when it missed a $422 million bond payment due May 2nd. When asked in a subsequent interview about the likelihood of making future payments on the remaining $72 billion of debt, Puerto Rican Governor Alejandro Garcia Padilla noted that the U.S. territory "does not anticipate having the money." Even a cursory review of Puerto Rico's finances confirms Padilla's claim of insolven
Monday, May 16, 2016
Gordon Long - Market Analytics
Too Big to Jail
You Have Financial Institutions Which are Too Big to Fail But Too Big to Jail, and Frankly, Too Big to Regulate and Too Big to Manage! FRA Co-founder Gordon T. Long is joined by Satyajit Das in discussing the consequences of financial repression and current policy making, along with the effects of the Chinese economy. SATYAJIT DAS is an internationally respected expert in finance, with over 35 years' experience. Das presciently anticipated many aspects of the global financial crisis i
Tuesday, May 10, 2016
Darryl Robert Schoon - Survive the Crisis
Monetary Liquifaction, Gold and The Time Of The Vulture
Liquifaction: . 3: conversion of soil into a fluidlike mass during an earthquake or other seismic event, 4: inability of flooded capital markets to absorb additional capital without destabilizing paper assets, e.g.stocks, bonds, currencies, etc., 5. a monetary phenomena associated with the collapse of capital markets.LIQUIFACTION AFTER 1964 ALASKAN EARTHQUAKEInflation is always and everywhere a monetary phenomena caused by an increase in the money supply, the greater the increase, the greater th
Friday, May 6, 2016
Phoenix Capital - Gains Pains & Capital
The ECB Just Admitted QE and NIRP Cannot Produce Growth
As we noted yesterday, the ECB cannot and will not be able to generate GDP growth or inflation. The EU is simply too leveraged. You cannot have an entire region sporting a Debt to GDP of over 90%... with banks leveraged at 26 to 1 using sovereign debt as collateral on their derivatives trades, and “fix it” using NIRP or QE. This is like trying to hold up a 400 lb. weight… and then having someone offer you a floor lamp as additional support. The effect, at best, is largely psychological. Cue t
Tuesday, May 3, 2016
Mark O'Byrne - gold.ie
Gold “Chart of The Decade” – Maths Suggest $10,000 Per Ounce Says Rickards
James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years.Gold in USD – 10 Years (GoldCore)Francine generously acknowledged how Rickards was “bullish on gold for quiet some time and actually you have been proven right … it is the chart of the decade”. She said that this “has to do with inflation expectations,
Friday, April 29, 2016
Przemyslaw Radomski CFA - SunshineProfits
April BoJ Meeting and Gold
Yesterday, the Bank of Japan released its most recent monetary policy statement. How can it affect the gold market? The recent FOMC statement did not surprise the markets. On the contrary, the Bank of Japan dashed the investors’ hopes and decided to maintain the key policy rate steady while keeping the monetary base expansion at 80 trillion yen annually. The BOJ also pushed back its timeframe for achieving the target of 2-percent inflation to 2017. On the other hand, the BoJ said that it would p
Friday, April 29, 2016
Mark O'Byrne - gold.ie
Property Bubble In Ireland Developing Again
A property bubble is developing in Ireland again. The Dublin housing market has seen residential property prices surge by 50% on average and as much as 100% in more affluent areas since the Dublin property market began to bounce in 2012.“Crisis: The dysfunctional property market has already re-emerged just a few years after the biggest housing bust in the country’s history”Respected Irish economist and economic commentator Colm McCarthy warned last week that “there is another house price bubble
Thursday, April 28, 2016
Nick Barisheff - Bullion Management Services
  Gold versus Gold Miners
For thousands of years, gold has been used as money, a store of wealth, fought over and sought after. Over the last 45 years, Western populations have had a mixed impression of gold. A minority of the population understands that gold is a monetary asset that should be held as wealth insurance. A larger percentage of the population is confused about gold because of mainstream sources of information. Many people consider gold a risky investment when in fact gold bullion is not an inves
Thursday, April 28, 2016
Mish - Global Economic Analysis
Eurozone Ministers Fear “Stampede Risk” in Bonds if Schaeuble Gets His Way
German finance minister Wolfgang Schaeuble believes banks are too overloaded in the sovereign debt of their own countries. Schaeuble also proposes such debt is not “risk free”. Clearly Schaeuble is correct as proven by Greece and Cyprus. Differences in bond yields also offer proof. To mitigate risk, the Netherlands and Germany are pushing for rule changes.. Would doing so create a different kind of risk? Stampede Risk The Sovereign-Debt Debate divides the Eurozone. European Union finance minist
Saturday, April 23, 2016
Michael Ballanger
Madness in the Crimex Trading Pits. . .
Precious metals expert Michael Ballanger discusses effects of the Bank of Japan's actions on the U.S. dollar, silver and gold. The "big story" circulating around the blogosphere yesterday and last evening was a paper authored by Pimco' s "strategist" Harley Bassman that essentially opined that "the Fed should unleash a massive Fed gold purchase program that could echo a Depression-era effort that effectively boosted the U.S. economy." Well, isn't that or
Friday, April 22, 2016
Mish - Global Economic Analysis
Hungary Issues Sovereign Bonds Denominated in Yuan; Another Nail in US Reserve Currency Status?
Hungary has become the first Eastern European country to issue a yuan-denominated sovereign bond. The deal that shows how currying favor with China may be a more important driver for the market than funding. Reader Steve who sent me the story commented on Hungarian mortgages denominated in Swiss Francs only to see the  Franc jump over 20% in value overnight. “Pretty clever guys!”, said Steve. Anyone think this is a good idea? The Wall Street Journal reports Hungary to Issue Dim-Sum Bond as It S
Wednesday, April 20, 2016
Peter Schiff - Euro Pacific Capital
Negative Rates May Be Positive for Gold
As 2015 came to a close, most investors believed that 2016 would be a year dominated by a series of Fed rate hikes. That conviction solidified in mid-October when comments from multiple Fed officials convinced many that prior hints that the Fed would stay at zero percent rates had been false alarms. The Fed delivered on its promise in mid-December by actually raising rates by 25 basis points. Based on this, gold declined by 10% from October 14 to the end of the year, nearly matching its six year
Monday, April 18, 2016
Mish - Global Economic Analysis
Hungary Issues Sovereign Bonds Denominated in Yuan; Another Nail in US Reserve Currency Status?
Hungary has become the first Eastern European country to issue a yuan-denominated sovereign bond. The deal that shows how currying favor with China may be a more important driver for the market than funding. Reader Steve who sent me the story commented on Hungarian mortgages denominated in Swiss Francs only to see the  Franc jump over 20% in value overnight. “Pretty clever guys!”, said Steve. Anyone think this is a good idea? The Wall Street Journal reports Hungary to Issue Dim-Sum Bond as It S
Sunday, April 17, 2016
Egon von Greyerz - Matterhorn AM
Sheila speaks with Egon von Greyerz on global risk
In this video interview, shot in beautiful Catalonia in Spain, Egon talks to Sheila, who is a private investor, with concerns about the safety of the financial system. Egon outlines the sovereign debt problems with countries from Japan, China, Europe and the USA and emerging markets all being virtually bankrupt. Sheila asks about the safety of keeping assets in the bank; Egon explains that this risk is now higher than it has ever been in history. Banks are in a much worse position then they were
Saturday, April 16, 2016
Michael Ballanger
Deutsche Bank Silver Settlement: GATA Vindicated 
Precious metals expert Michael Ballanger riffs on the news that Deutsche Bank is settling U.S. silver pricing litigation. Before I begin, I want to repeat a now famous quote authored by GATA's Co-founder, Chris Powell, who, in commenting on the "odd behavior of markets," penned the following: "THERE ARE NO MARKETS ANYMORE; JUST INTERVENTIONS." (Chris Powell, 2008, Washington Conference) After what seems like a lifetime of serial denial by the MSM, of
Friday, April 15, 2016
Alasdair Macleod - Finance and Eco.
The ECB and shadow banking
Markets have fully adjusted to a financial world which reflects the leadership and management of money by central banks, and are increasingly frightened of any prospect of their control failing.Every time the system stumbles, the response has been for central banks to force greater control and regulation upon the monetary system to the detriment of free markets. It is the financial version of the Road to Serfdom. Central banks have become ill-equipped to allow markets to price risk, and in the c
Friday, April 15, 2016
Mark O'Byrne - gold.ie
Who Is Buying Gold And Why?
Who is buying gold and why is the question posed by The Telegraph today“After four years of sharp falls, a sudden revival has been taking place in the gold market.In the first three months of 2016 the price of the yellow metal soared by 20pc – its best quarterly performance since the financial crisis erupted in the final three months of 2008.The gold price, currently around $1,260 an ounce, is well below its record peak of almost $1,900 achieved in July 2011, at the height of the European sovere
Thursday, April 14, 2016
Przemyslaw Radomski CFA - SunshineProfits
Gold in a World of Negative Interest Rates
Last week, we covered three important reports about the gold market. Today, we would like to discuss yet another publication. On March 31, the World Gold Council (WGC) released a market update entitled “Gold in a world of negative interest rates”. What are the main conclusions of the report? NIRP Will Structurally Increase Demand for Gold The price of gold rose 16.7 percent in U.S. dollars in Q1 2016, partially due to NIRP, according to the WGC. The report mentions four reasons why the negative
Monday, April 11, 2016
Michael Pento - Delta Global Advisors
Time to Invest for Stagflation
Whether you call it a 1970's style stagflation or, as we call it, a recessflation, investors need to prepare their portfolios to profit from a protracted period of rising prices in the context of zero growth. Here are some facts: Growth in the U.S. has averaged just 2% since 2010. However, Q4 2015 GDP growth grew at a 1.4% annualized rate and the Atlanta Fed model has Q1 GDP growth slowing to just 0.1%. The simple truth is that the rate of growth is slowing towards 0%, just as asset
Monday, April 11, 2016
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