Steve Saville

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.  Visit his website at http://www.speculative-investor.com/new/index.html. You can reach Steve at: sas888_hk@yahoo.com.

Steve Saville Articles

The Long-Term Dollar Bear
During September we said that gold stocks were likely to experience a sharp correction and nominated the 200-day moving-average for the Amex Gold Bugs Index (HUI) as a reasonable objective for the correction [the HUI was trading at around...
The Dollar A popular argument these days is that the US$ will not drop any further because the stock markets of Europe are even weaker than the US stock market and because the economies of Europe and Japan are even weaker than the US...
Two weeks ago we published an article titled "Gold and Deflation" in which we argued that the gold price would fall during a period of genuine deflation (a period during which the total supply of money and credit was shrinking). In...
Has the euro bottomed? Is it likely to rally any time soon? Will it survive in its current form? For those who wish to skip the following 1500 words of opinion and analysis the short answers to these questions are no, yes and no. For the...
This time it is…different
Many analysts had originally anticipated that the Euro would pose a serious challenge to the Dollar simply because the population and GDP of the EMU pool of countries exceeded those of the US. This line of thought proved to be completely...
Overview Bonds – nearing an intermediate-term low. Stocks – nearing a major top. A severe correction is likely to commence very soon. Gold – heading towards a low in early 2000. We expect gold to rally strongly from whatever low it...
The US stock market has just reached new record highs, as measured by the major indices, with valuations that are in no way supported by the earnings of the underlying businesses. Share prices are, in fact, supported by debt. The expansion...
The leasing of gold is simply gold being used as money. Like all money, there is a large above ground stock of gold that increases over time (although the rate of increase in the quantity of gold is generally much lower and more stable...

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78 percent of the yearly gold supply is made into jewelry.