There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash. The supply can only have come from two sources: the general public, or one or more governments. It really is that simple. Two months later the gold price has only partially recovered, so physical supplies have continued to... read more

Whether as the basis for the monetary unit of a country, or in its role in comparison to the currency of other assets, the price of gold has long been a subject of great interest to both the scholar and the general public. MeasuringWorth has created a multi-century time series of the barbarous relic's USD price. From the penny, the crown, the ros... read more

Sometimes one must see to believe, in this case believe just how massive the raw demand for the shiny, barbarous relic is in China during times of relative monetary stability (in this case the Dragon Boat Festival). Now assume runaway inflation as we saw in 2011 China, which may be unleashed by something as catalytic as the PBOC once again deciding to inje... read more

On the heels of the IMF warning the U.S. about the danger of ending QE prematurely, today Egon von Greyerz told King World News that silver is now ready for a major upside explosion in price. Greyerz also discussed the possibility of a collapse in China as well as what is happening with gold and inflation. Greyerz:  “In the short-term, Eric, European interbank loans are collapsing which... read more

  When I first went to work for the Nixon administration, I told my mom, “Mom, you can’t believe it. I just wrote a speech for Nixon and he used every single word. Well, he did make two little changes. Everywhere I had ‘is’ he put ‘is not,’ and everywhere I had ‘is not’ he put ‘is,’ but other than that, Mom, it’s exactly my speech.” Nixon did all sorts of thin... read more

Over the last century America’s money—the dollar—has come to dominate the global monetary system. It is used not just by Americans, but in other countries, in the global black market, and by importers and exporters. And it is the primary reserve currency for central banks. This status is what Barry Eichengreen calls an “exorbitant privilege,” because it confers numerous benefits to in... read more

Behind the scenes we have noticed the very excited state of interest in gold at the COMEX, despite JP Morgan's vault being almost empty of deliverable gold. One can see for themselves with the CME Group's Open Interest tool, below is a screenshot of August, the next delivery month, with oran... read more

Thanks to the Federal Reserve's massive quantitative easing (QE) program, banks have more money than they know what to do with. So they're parking much of their cash at the Fed, where they receive a 0.25 percent interest rate. Indeed, bank deposits at the Fed have topped $1 trillion, reaching that record level in April, Fortune reports. But while bank reserves at the Fed are soaring — u... read more