Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
Articles related to real inflation
Money or Wealth? 
"Gold is not money, not currency, not an investment, it is wealth." -Another _________ This is a repost from the Speakeasy: There's been a lot in the news about money lately—negative interest rates, the war on cash, the dollar shortage, Venezuela's collapsing currency—and we use that word, money, to mean so many different things that it can be confusing, so I thought it was a good time for another post on the subject. What is money, really? And what should we do to fix it? Back in 2014, I wro
Thursday, May 11, 2017
Phoenix Capital - Gains Pains & Capital
Central Banks Are Now Printing $200 Billion Per Month... Without a Crisis
A tidal wave of inflation is rapidly moving through the financial system. Most investors only pay attention to the Federal Reserve. And they are missing the BIG PICTURE for Central Bank monetary policy. The Fed is tightening policy by hiking rates. But the rest of the world’s Central Banks are printing a combined $200 BILLION in QE every single month. Yes, $200 billion. At a time when the financial system is out of crisis and the Fed’s put its own “print” button on “pause.” This is an all-time r
Wednesday, April 26, 2017
Mark O'Byrne -
Bank of England Rigging LIBOR – Gold Market Too?
– Bank of England implicated in LIBOR scandal by BBC – “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.” – “This goes much much higher than me” -UBS’ Tom Hayes – Libor distraction as all markets are manipulated today –  Central bank’s “rigging” bond markets and likely gold – Risks of bank ‘holidays’, capital controls and of course bail-ins remains Bank of England, Royal Exchange and GoldCore London HQ in No 1 Cornhill The LIBOR
Tuesday, April 11, 2017
Thorsten Polleit
The Next Step in Europe's Negative-Interest-Rate Experiment
The European Central Bank (ECB) pushed its deposit rate to minus 0.4 percent in April 2016: Since then, euro area banks must pay 0.4 percent per annum on their excess reserves held at ECB accounts. This, in turn, has far-reaching consequences. To start with, banks seek to evade this "penalty rate," especially by buying government bonds.  That inevitably pushes bond prices up and lowers bond yields. Moreover, the ECB keeps monetizing government debt as well. The result is a tremendous dow
Thursday, April 6, 2017
Egon von Greyerz - Matterhorn AM
By Egon von Greyerz The US owes the world 453,000 tonnes of gold which is almost 3 times all the gold ever produced in history. Whilst market observers worry about what the Fed will do next or the health bill, nobody sees that the the US is on the way to total ruin by running budget deficits for over half a century and trade deficits for over 40 years. It seems that the US economy is walking on water, and this opinion is fuelled by seasoned commentators like Ambrose Evans-Pritchard in the UK’s
Monday, April 3, 2017
Egon von Greyerz - Matterhorn AM
THE IDES OF MARCH – GOLD AT $14,463 and SILVER AT $669 By Egon von Greyerz In the Roman calendar, the Ides of March was the same as March 15th in today’s calendar. This date was not significant until Julius Caesar was assassinated on 15 March 44BC. Shakespeare then coined the phrase “Beware of the Ides of March” in his Julius Caesar work. So will March 15, 2017 be significant. We will soon know. There are some noteworthy events taking place on March 15. The debt ceiling must be reset that day a
Thursday, March 16, 2017
Wolf Richter
Whatever Happened to Inflation after All This Money Printing? It Has Arrived!
Workers, bondholders, savers get sacked. So what would Yellen do? Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. The sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics. Energy prices jumped 4% month over month, including gasoline which jumped 7.8%. Food prices edged up 0.1%. Within this group, “food at home” was unchanged, but prices for “food away from home” – restaurants, taco trucks, and the like – ju
Thursday, February 16, 2017
Egon von Greyerz - Matterhorn AM
The Investment Secret Of The 2000s And It Has But Started
For most investors, there is only one asset class on the horizon. Whether it is the professional or private investor, when they consider investing, stocks will always be first on their list. And if we exclude all debt instruments, the stock market is by far the biggest market in the world. Global stock markets are capitalised at around $80 trillion currently. Stocks – A Stairway to Heaven? Since the creation of the Fed in 1913, investing has been “a stairway to heaven” (Led Zeppelin). But ther
Monday, January 23, 2017
Egon von Greyerz - Matterhorn AM
Black Magic Fraud to be Exposed in 2017 – Gold up 300X
At the beginning of a new year it would be totally natural to forecast what the likely events and trends will be for 2017. A lot of experts around the world will predict a number of “new” events as if a lot of things will change just because we are entering a new year. But sadly, I will disappoint everyone and not change direction in any single area that I have been talking about for many years. Trends don’t change because we are in a new year. The principal long term trends take a long time to
Tuesday, January 10, 2017
Andy Hoffman - Miles Franklin
2017 – The Year of Monetary Revolution
In the past month, I’ve espoused many beliefs of what 2017 will bring – deeming it to likely be a year of money printing and draconian government actions.  In fact, following an historic year of political, economic, and monetary change, the best possible description for what I anticipate in the next 12 months, is “monetary revolution.”  Which, in turn, may catalyze the most dramatic status quo changes of our lifetimes, for anyone born in the post-War era. Never before has the world faced a man-m
Monday, January 2, 2017
Gordon Long - Market Analytics
Cycles - Anti-Globalization and The End of The Debt Super Cycle
All the well followed economic cycles such as Martin Armstrong's "Economic Confidence Model", Harry Dent's 39 Year Generational Cycle - 35 Year Geo-Political Cycle - 10 Year Boom-Bust Cycle or the Kondratieff Cycle all point down through early 2020. As Gordon T Long and Charles Hugh Smith examine in this 30 Minute video it is fundamentally about shifting generation behavioral sentiment and a cyclical change in "mood". The September 1992 issue of The Elliott Wave Theorist described thes
Monday, December 5, 2016
Phoenix Capital - Gains Pains & Capital
Stripped of Accounting Gimmicks, the US Has Been on the Verge of Recession since 2011
The Fed has a very serious problem on its hands. That problem concerns the fact that for seven years the Fed has spread the myth of a “recovery.” I say “myth” because the reality is that when you remove accounting gimmicks, the US has been a “hair’s breadth” away from a recession since 2010. The most obvious gimmick being employed is the phony “deflator” used to understate inflation and overstate growth. Everyone knows that the official CPI measure for inflation is bogus. But the Fed routinely u
Sunday, December 4, 2016
Gordon Long - Market Analytics
Cycles - A Fuse, An Explosive and The Igniting Catalyst
Investors need to focus on the two key long term structural changes now underway which are going to ignite destructive global dislocations through early 2020. To better understand why this is going to occur we need to place them in context by first examining the major economic cycles currently underway. Harry Dent's Macroeconomic Cycles & Demographics This initial cycle chart is from an in-depth discussion I had with Harry Dent earlier this year. Since leaving Harvard, Harry has
Friday, December 2, 2016
Mish - Global Economic Analysis
Barry Ritholtz Asks “Why Has Inflation Remained Low for So Long?” Mish Asks “Is Inflation Low?”
Barry Ritholtz at the Big Picture Blog asks “Why Has Inflation Remained Low for So Long?” Ritholtz’s article is a guest post by author Robert G. King titled “Inflation in the Great Recession and Gradual Recovery: Surprises and Puzzles“. Neither Ritholtz nor King ever answers the question. Instead, King presents mathematical gibberish regarding the Phillips curve coupled with visions of inflation dynamics, a new Keynesian model, and a long-term expectations model. Inflation Dynamics New Keynesi
Thursday, November 3, 2016
Egon von Greyerz - Matterhorn AM
As The World Economy Is Burning Central Bankers Are Clueless
The more things change, the more they stay the same. The financial world loves focusing on some future event that they think will change everything. There is always some economic data, an important meeting like G20, the Fed, the ECB or a speech by Yellen or some other central bank head who hasn’t got a clue what is happening or what will happen. So now at the end of August, markets have all been focusing on Yellen’s speech at Jackson Hole Wyoming. Jackson Hole is of course a very befitting name
Friday, September 2, 2016
Gordon Long - Market Analytics
The 'Fly-In-The-Ointment': Stagnant Wages and Hidden Inflation
FRA Co-founder Gordon T. Long discusses with Charles Hugh Smith about stagnating wages and high real inflation rates, using the IRS tax reports as a guide to real economic activity, and the likelihood of future tax increases. Charles Hugh Smith is the author of nine books on our economy and society, including A Radically Beneficial World: Automation, Technology and Creating Jobs for All; Resistance, Revolution, Liberation: A Model for Positive Change; and The Nearly Free Unive
Thursday, September 1, 2016
Sprott Money
Negative Interest Rates: The Tax On Capital - Jeff Nielson
So-called “negative interest rates” are illegal. This is an inescapable conclusion of law, arrived at simply by applying some of the most fundamental principles of our entire legal system. But let’s put aside this issue of legality, it is a topic which will be dealt with comprehensively, in a sequel to this piece. There is no such thing as a “negative interest rate”. By definition, an “interest rate” is a positive number. It is the price which we pay in exchange for the use of capital. Thus
Thursday, September 1, 2016
Egon von Greyerz - Matterhorn AM
  Will the Dow go up 100 and Gold 5,000?
Welcome to the wonderful world of illusions. This is a world where few people can see the difference between reality and fantasy. And maybe there is no difference. Just looking at the US election and the candidates, it seems like total fantasy from this side of the Atlantic. It is difficult to take the whole election process as well as the candidates seriously. But this is the world we live in today. Having in the last week seen people in many European countries run around the countryside and ci
Wednesday, August 10, 2016
Jeffrey Lewis
  Short Memories and Silver Shortages
It's now one year after the 50th anniversary of the official beginning of the great silver shortage. For the outside world, it may very well be the least known.For the precious metals trading community, it is one of the most ridiculed or outright denied fundamentals of silver.President Johnson’s speech can be found in full here: have included a few illuminations from that speech as follows:“When I have signed this bill before me, we will have made the
Wednesday, August 10, 2016
Mish - Global Economic Analysis
Lacy Hunt on Negative Multiplier of Government Debt
In Hoisington’s Second Quarter Review (not yet posted online), Lacy Hunt takes on the widespread Keynesian belief that  government spending boosts real (inflation adjusted) GDP. Hunt states the multiplier is negative over time and short-term gains are an illusion. Here are a few key snips from an excellent report. Deficit Spending Restrains Economic Growth Negative multiplier. The government expenditure multiplier is negative. Based on academic research, the best evidence suggests the multiplie
Friday, July 8, 2016