Steve Saville

Market Analyst & Professional Speculator, Owner of The Speculative Investor

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.  

Steve Saville Articles

It's not correct to think of today's currencies as being 'backed' by the international reserve assets held by the central bank or government. International reserve assets, the bulk of which are US$-denominated, usually rise and fall due to...
It seems that every year a new word or term or acronym becomes a prominent part of the financial world's lexicon. Examples from previous years are "irrational exuberance", "Asian tiger", "productivity miracle", "Greenspan put", "goldilocks...
One of the simplest and best ways to ascertain gold's long-term trend is to look at its performance relative to commodities in general. This is because a genuine gold bull market will result in gold making higher highs and higher lows...
One of the simplest and best ways to ascertain gold's long-term trend is to look at its performance relative to commodities in general. This is because a genuine gold bull market will result in gold making higher highs and higher lows...
On the rare occasions when the US stock market crashes, the crash never begins immediately after the price peak. Instead, the ultimate price peak is followed by a process that involves an initial decline (usually 5%-10%), a rebound that...
The US government usually admits to "price inflation" of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let's say 5%/year for the sake of argument. Considering what the Fed has...
The US government usually admits to "price inflation" of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let's say 5%/year for the sake of argument. Considering what the Fed has...
The last long-term bull market in gold-mining stocks, which ran from the early-1960s through to 1980, occurred in parallel with a major upward trend in interest rates, a steady undercurrent of "inflation" fear, and the occasional dramatic...
There's a lot of confusion about money and about what does and does not form part of the money supply. Our goal in this short discussion is to reduce the confusion.
Inflation-deflation debates often involve arguing over which is more likely: deflation or hyperinflation. Since both deflation and hyperinflation are extremely unlikely over what most people would consider to be a normal investment...
China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.

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