John Rubino

John Rubino Articles

History teaches that long trends end only when everyone is finally convinced that they’ll keep going. Maybe no trend in modern times has been as convincing as interest rates. The yield on long-term Treasury bonds, for instance, has been...
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for...
One (perhaps the only) bright spot in the past few year's gold market has been Chinese and Indian demand for the metal. Here's a chart, courtesy of Ed Steer's Gold & Silver Daily, showing that the two countries have imported a...
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of that other currency. This confers several benefits, including the enforced discipline of the other,...
The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this...
One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For Americans that means looking out through a window that is distorted by the dollar’s recent surge. A C$...
Global capital is looking for a place to hide. But after decades of enthusiastic currency creation and financial engineering, there's way too much of it for any one country to accommodate. This mismatch between money knocking at the door...
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price...
In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today's evils. Whenever fractional reserves are permitted, the banking system - including the one that exists today throughout the...
Macroprudential Policies of Financial Repression have been steadily accelerating since the implosion of the Dotcom Bubble.
Gold is the official state mineral of Alaska.

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