U.S. markets, particularly the riskiest areas of investment, are likely to benefit at least near term from the latest entrant to the central bank money-printing arena.
Following the lead of the Federal Reserve, the Bank of Japan last week announced an even more ambitious project to use created funds to buy assets in the hopes of boosting investment and inflation.
Considering the U.S. cent... read more
Below is Fitzwilson’s exclusive piece for KWN:
“Conversations with clients invariably touch on what form the resolution of the dysfunctional global financial system will take. We have written that the system is set up for chaos, so trying to predict a chaotic, random outcome is a fool’s game.
While we know that the resolution will be a bad one, perhaps it will... read more
There might come a time when prudent savers would want to protect themselves from the twin risks of a global banking crisis and a loss of purchasing power of paper currencies. The first of these two risks is now upon us, and it is important that everyone with savings to protect is aware of what is happening to banks and their bank accounts. By the time this is fully understood by the media it m... read more
29 hyperinflations in the last 100 years
Policymakers tend to repeat the same mistakes again and again. In the last 100 years, there have been 29 instances of hyperinflation. More importantly, paper money has turned worthless in each of these instances.
(click to enlarge) read more
Excerpt of Soros Interview with South China Morning Post:
What is your view on gold?
A: That’s a complicated question. It has disappointed the public, because it is meant to be the ultimate safe haven. But when the euro was close to collapsing in the last year, actually gold went down, because if peop... read more
As the banking crisis struck in 2007-08, investor Will Mitchell sprang into action: After boning up on precious metals, he started buying fairly sizable amounts of silver bullion bars. Eventually, he switched to silver and gold bullion coins, which he considers easier to trade than bars.
The happy result: Even though precious metals prices have been falling lately, "my holdings of them are u... read more
Distrust of the Federal Reserve and concern that U.S. dollars may become worthless are fueling a push in more than a dozen states to recognize gold and silver coins as legal tender.
Lawmakers in Arizona are poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states.
The measures backed by the limited-govern... read more
Money flows in to gold and silver are about to skyrocket according to renowned economist Michael Pento, who is CEO of Pento Portfolio Strategies. Pento also believes the dollar is going plunge in terms of purchasing power because of the weight of the massive US debt and yearly national deficits.
"There is still an incredible amount of misunderstanding on Wall Street about the relationship... read more
Excerpt from an Interview with Eric Sprott:
“I’m absolutely amazed that we see these events unfolding, all of which keep telling us to have precious metals. The most stark example was the situation in Cyprus where the depositors lost 60%, which is almost unheard of and yet again, all those people in Cyprus who would’ve owned gold would’ve been all right. All those people in Venezuel... read more
In a final poll at the Second edition of the Dubai Precious Metals Conference (see video here) 63 per cent of delegates thought gold was heading towards $3,000 by 2014 and 37 per cent voted for a t... read more
