Over the past five years, I have written several articles about the premiums associated with purchasing gold and silver coins. Recent developments appear to confirm a pattern that I suggested previously. Even so, they are somewhat shocking...
If the U.S. dollar were to become worthless, what difference would it make if the gold price hits $100,000? The ten ounces of gold you bought for $30,000 ($3000 x 10) would be worth $1,000,000. Should you sell?
The Federal Reserve Board voted last week to move ahead with a proposal to scale back the amount of capital that banks must hold as part of their assets. A Reuters report indicated that the amount of capital that banks must set aside will...
In mid-March, I wrote the following: "The U.S. dollar has lost approximately 75% of its purchasing power since 1980. What this means is that it costs about four times as much today for comparable goods and services as it did in 1980.
The U.S. dollar receives its fair share of attention in the financial press. The “impending collapse” of the dollar and similar inflamed phrases dominate the headlines. Other recent mentions include “plunging U.S. dollar” and “U.S. dollar...
It is reasonable to suggest that interest rates might not have peaked. That statement applies to both short-term and long-term rates. Currently, the discount rate on short-term Treasury bills is 4.13%. Long-term Treasury bonds are yielding...
As anticipation builds regarding possible outsized performance for silver and gold stocks, it might be worthwhile to review past performance for the two upstarts versus their mentor and perennial favorite, gold.
The Federal Reserve is on autopilot. Minutes from the May 6-7 meeting said FOMC members noted that “economic activity had continued to expand at a solid pace and labor market conditions continued to be solid.”
The threat of a credit collapse and subsequent deflation currently outweigh the risks associated with higher inflation. This article explores the threat of a credit collapse and its implications for economies and societies worldwide.
The Federal Reserve is responsible for inflation. This audio dispels any concerns or doubts about other guilty parties or spontaneous events. If the Fed truly wanted to stop inflation dead in its tracks, it could do so in an instant. There...