Blanchard Economic Research

Articles by Blanchard Economic Research

Not long ago, Gold Fields Mineral Services, Ltd. published its Gold Survey 2002--Update 2. The report began with the following: "Dehedging in 2002 added to demand for the third consecutive year with a record 352-tonne decline in net...
While grieving over the horror of September 11, 2001, American investors must not lose sight of the investment implications of the new war on terrorists. It has been quite some time since the U.S. was involved in a protracted armed...
For some time now, the price of gold has languished under the weight of a strong U.S. dollar. Because the dollar is the world's reserve currency and gold is priced in dollars, a strong dollar tends to depress the price of gold. The chart...
Bill Clinton inherited a strong nation with a growing economy, a bull market in stocks and few threats from overseas. Over the past 8 years, he has undone all that. America is now vulnerable to several foreign threats, the NASDAQ just...
Stagflation: a term coined by economists in the 1970s to describe the previously unprecedented combination of slow economic growth and rising prices.   "Many of today's investors were still in diapers during the great stagflation of the...
Yesterday, Alan Greenspan gave a speech and everyone rejoiced. It seems the Fed Chairman said that he may be through with interest rate increases because the economy may have slowed down enough, though he also said inflation is still...
1. Gold is Undervalued. Right now, the price of gold is trading at $266 per ounce. The following figures put the current price of gold in historical perspective:
Investors have bought and held gold throughout history as a form of protection against many different types of uncertainty. Over many centuries gold has served investors well by protecting them from turbulent economic, political, and...
With equities yielding to the pressures of an economic slowdown, the heydays of the decade-long bull market appears to be coming to an end. The multiple effects of oil price shocks, fear of high inflation, rising interest rates, and world...

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24 karat gold is pure elemental gold.