A lot of people think about gold as a percentage of a country’s total reserves. They are surprised to learn that the United States has 70 percent of its reserves in gold. Meanwhile, China only has about 1 percent of its reserves in gold. People look at that and think that’s an imbalance. But those are not very meaningful figures in my view. The reason is that a country’s reserves are a[...]
Tag: dollar collapse
ATTENTION ALL CONCERNED WITH GOLD CONFISCATION – 100% Bullion Investment Asset Also Serves As Confiscation Hedge
Many individuals will fail to protect themselves and safeguard their wealth with precious metals due to the perceived threat of gold confiscation. This fear is based on a previous US gold confiscation that took place at the height of the depression in 1933. Whether such an action by the US government would take place again is up for debate. Realize that the US was on a gold standard in 1933 [...]
Bill Gross: “Central Banks Have Gone Too Far In Their Misguided Efforts To Support Economic Growth”
The usual stuff in Bill Gross' latest monthly letter which could have been picked form the pages of Zero Hedge circa late 2009/early 2010, now that virtually all the "conspiracy theories" we first presented years ahead of everyone have not only been validated, but accepted as New Paranormal canon. The excerpted highlights: None dare call it a “currency war” because that would be counter to [...]
Is This The Most Important Chart For The Future Of The World’s Reserve Currency?
When it comes to the future of the dollar status as the world's reserve currency, the most important chart may be the fact that the US is now so woefully buried in debt that another global military conflict appears inevitable... ... or that it now takes virtually unlimited monetization of the debt shown above to preserve the illusion that the US is not bankrupt, pushing the S&P to record[...]
Richard Russell Just Exposed A Coming Event That Is Going To Shock The World!
As people continue to digest breaking news out of Greece and Ukraine, today the Godfather of newsletter writers, 90-year-old Richard Russell, just exposed a coming event that is going to shock the world. Russell also warned the world is completely unprepared for this and told investors how to position themselves. The Disease – Deflation And A World Drowing In Debt Richard Russell: "The[...]
How Our Crazy Money System Works
by Bill Bonner Acting Man Squirrelly and Subtle Yes, we were in London, taking care of business. Now, we’re back in Buenos Aires. We’ve tried medication. We’ve tried prayer. We’ve tried heavy drinking – all in an effort to understand how our crazy money system works. And where it leads. You’d think it would be easy. It’s just Central Banking 101, no? Well, no. It is squirrelly… [...]
Derivatives: The $563-Trillion Reason to Look at Gold
By Moe Zulfiqar BAS • Thursday, February 19, 2015 Interest rates in the U.S. economy have been remarkably low since 2007. We’re now hearing many analysts and pundits suggesting they will rise sometime this year. Unfortunately, there isn’t an exact time given, but when we look to the Federal Reserve, it seems very adamant about it, too. Officials at the Federal Reserve are continuously[...]
Hyperinflation To Start in 2015: Economist Says Get Supplies : “Gold, Silver, Canned Goods, Toilet Paper, Bottled Water…”
Mac Slavo February 19th, 2015 It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other. The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger[...]
Why Gold is a Better Bet than Oil – Especially for the Next 5 Years – MarketWatch
By Cody Willard I've been saying for a while now that I don't see any reason to try to game a bottom, or any type of trade for that matter, in oil/energy. We've made a lot of money and avoided a lot of heartache over the years sticking with our strategies. Unless oil drops to like, say, $20 a barrel and there's a wave of bankruptcies in the sector where we could go in and buy the survivors, I'm [...]
If Everything Is So ‘Awesome’, Why The Alarms Over A Rate Hike Of 25 bps?
by Wall Street Journal • February 18, 2015 By OMID MALEKAN at The Wall Street Journal Imagine you have a serious illness and have been taking medication that was supposed to cure you long ago. After being on the maximum dosage for years you start to feel better, so you ask your doctor if you could roll back the dosage, ever so slightly, to alleviate some of the side effects. He says that[...]