Steve Saville

Steve SavilleSteve Saville graduated from the University of Western Australia in 1984 with a degree in electronic engineering and from 1984 until 1998 worked in the commercial construction industry as an engineer, a project manager and an operations manager.  In 1993, after studying the history of money, the nature of our present-day fiat monetary system and the role of banks in the creation of money,  Saville developed an interest in gold.  In August 1999 he launched The Speculative Investor (TSI) website. Steve Saville has  lived in Asia (Hong Kong, China and Malaysia) since 1995 and currently resides in Malaysian Borneo.  Visit his website at http://www.speculative-investor.com/new/index.html. You can reach Steve at: sas888_hk@yahoo.com.

Articles by Steve Saville

Over the years we have read many times that the Bank of Japan (BOJ) has rapidly inflated the supply of Yen. The 'pundits' who made such statements were obviously swayed by the numerous announcements of QE programs emanating from Japanese...
We've speculated in TSI commentaries that unwavering devotion to bad economic theory (a type of stupidity) is the most likely reason for the Fed's introduction of a new inflation program at this time. There are other plausible explanations...
An Appropriate Quote The great H.L. Mencken wrote: "As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach...
The answer to the above question is no, meaning that "Austrian Economics" makes no prediction about whether the future will be inflationary or deflationary. That's why some adherents to "Austrian" economic theory predict inflation while...
The senior Central Banks choose not to do more damage immediately
Although it probably won't happen within the next couple of months, it's a good bet that the ECB will eventually be prodded into monetising a large amount of European government and commercial bank debt. It is therefore appropriate for us...
Major peaks in the gold market tend to follow major shifts in the monetary backdrop -- from a high to a low monetary inflation rate -- with a lag of more than two years. It probably happens this way because it takes years for the effects...
Gold and "risk" assets rally whenever traders get the faintest scent that more QE (a central bank program designed to increase the money supply) is coming. Our view is that while more QE will eventually happen, buying in anticipation of...
We discussed Warren Buffett's illogical opinions about gold in our 15th February 2012 report under the heading "Buffett's Blind Spot". Today we are going to take a quick look at Buffett's personal war against gold from a different angle...
To paraphrase Einstein, not everything worth measuring is measurable and not everything measurable is worth measuring. The purchasing power of money falls into the former category. It is worth measuring, in that it would be useful to have...

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Palladium, platinum and silver are the most common substitutes for gold that closely retain its desired properties.