Gijsbert Groenewegen

Articles by Gijsbert Groenewegen

On April 11 gold rose to $1365 and silver to $16.85 as the possibility of a war in the Middle-East took center stage. Libor rose for the 45th consecutive day to 2.35% on April 12 indicating the tightness in the US dollar market and...
What is at stake is the reserve status of US dollar following: Loss of dependency on Saudi oil because of the US becoming an oil net importer as early as 2019 making the Petro-Dollar contract less of importance. The introduction of the...
According to the latest available data, foreigners owned 48% of all Treasury debt. Although it’s still high, the Wells Fargo economists note that it is down from 60% in 2008. Though following the implementation of trade tariffs it is very...
Hugo Salinas Price wrote an excellent article called 'Bad karma brings bad consequences for those who practice it’ on the unwanted consequences of the trade tariffs imposed by the US. He points out that the accumulation of US dollar...
On the heels of gold and silver continuing to consolidate gains, the war in the gold and silver markets continues as the commercials (Fed, BIS, bullion banks) shorts in the silver market just hit a new all-time record! As we know the...
If it’s not in May it will very likely be in June. When the Fed will finally be forced to be honest and admit that it is wrong on the economy and therefore will have to drop its tighter monetary policy with as consequence that precious...
In Part I I explained the counter-party risk that is all around us - and will come to the fore in the next financial crisis. In this second part I reflect on the rescue operations of the Fed following the 2008/2009 recession and the...
What is counter-party risk? And how many people really are aware of the consequences of systemic counter-party risk? Counterparty risk also know as default risk is the risk to each party of a contract that the counterparty will not live up...
January was the worst month for European government bonds in history with all the bonds blowing out. TCW, the US asset manager that runs world’s largest actively managed bond fund, has eliminated its exposure to Eurozone bank debt over...
Nothing makes sense anymore. The markets keep going up like it is going out of fashion Trump’s honeymoon period or not. Trump might be getting a strong cabinet around him and have good ideas to stimulate the economy…though you first have...

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Gold was first discovered in U.S. at the Reed farm in North Carolina in 1799, a 17-pound nugget.