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

Monetary inflation*, despite its popularity as a 'cure-all' during times of economic stress, can't possibly bring about an increase in total wealth. It does, however, cause a re-distribution of wealth because a) some people figure out what...
Monetary expansion The total US money supply (M3) has expanded at a 10% annualised rate since mid-May and is up by around 7.5% over the past 12 months. This rapid rate of money-supply growth is making a mockery of the Fed's monetary...
Below is an extract from a commentary originally posted at www.speculative-investor.com on 17th July 2005.
Over the long-term gold stocks are counter-cyclical investments in that they trend higher during periods of stock market weakness and trend lower during periods of stock market strength; or, putting it another way, when the broad stock...
Below is an extract from a commentary posted at www.speculative-investor.com on 5th February 2005.
Our current view on how gold and silver will perform relative to each other over the next several years won't come as a surprise to long-time TSI readers because this view, as well as the reasons behind it, was first outlined about three...
We've devoted a lot of space to this topic in commentaries over the past few months, but it's very important and warrants another visit at this time.
Last year at around this time we asked the question: "Has a bear market started yet?" We thought this was a reasonable question because the NYSE advance-decline line had been trending higher for three years and several important sectors of...
Overview
On a month-to-month or even a year-to-year basis the relationship between gold and interest rates is not very strong. Over the long-term, however, there is a very powerful relationship between the gold price and the CPI-adjusted (sometimes...
China has only 2% of its Total Foreign Reserves in gold.

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