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Chris Powell

Chris Powell Articles

Headlines like this have been pummeling the monetary metals sector in recent days: "Gold Is Getting So Expensive That Even China's Central Bank Stopped Buying."
You might get a rueful laugh from a report in yesterday's Wall Street Journal that was headlined "Inside the 21st-Century Gold Rush" and appears in the clear at here:
Mining entrepreneur Eric Sprott, interviewed this week by the TF Metals Report's Craig Hemke on Sprott Money's "Ask the Expert" program, says demand from China and India for real metal is starting to break the longstanding Western-based...
In their May letter, Paul Brodsky and Lee Quaintance of QB Asset Management in New York argue that the investment case for gold is to a great extent a matter of its likely official revaluation upward to support confidence-based currencies...
You may recall that your secretary/treasurer long has lamented "the rich countries insisting on being poor," the still-developing countries with large gold resources and even large gold production that nevertheless have declined to...
Today, on account of Russia's war against Ukraine, a worldwide currency war is raging as well and it is largely a war over gold.
Gold Newsletter editor Brien Lundin today calls attention to a new report by Myrmikan Capital's Dan Oliver about the gold price that would be necessary for U.S. gold reserves to back the dollar at levels that once were traditional:
Despite Wednesday's rather sensational inflation news, inflation isn't accelerating as much as it is breaking away from the camouflage that long has been thrown over it by the U.S. government and mainstream financial news organizations.
How will financial news organizations and gold and silver market analysts explain tonight's smashing of monetary metals prices in the futures market?
Having just gotten from the Bank of England an exemption from the "Basel 3" protocol that threatened to make the "paper gold" business prohibitively expensive for bullion banks, the London Bullion Market Association announced yesterday...

In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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