In absolute terms, the US dollar continues to be inflationary in ways rarely seen before 2009. That is, in a world of Quantitative Easing, the Fed just keeps on creating money in order to prop up domestic industries as well as US government debt. In late December, for example, the Fed continued with its buying spree of mortgage debt in order to continue to "enhance" housing markets, and thus... read more

QUESTION: I wonder if you might clear something up regarding the fabled corporate cash hoard parked overseas? Must this be held in non-USD form thus taking an FX risk,albeit presumably hedged? I gather any USD parked in a foreign bank is immediately transferred to a US bank, likely in NYC — would this be regarded as repatriation? I have not seen this matter addressed in the media.Why not... read more

Gold Today –New York closed at $1,163.50 on the 4rd January after closing at $1,159.50 on the 3rd January. London opened again at $1,173.00 today.  Overall the dollar is weaker against global currencies today. Before London’s opening: –         The $: € was weaker at $1.0503: €1 from $1.0441: €1 yesterday. –         The Dollar index was weaker at 102.... read more

        To help people understand the flows of global trade, former derivatives t       trader Max Galka put together an interactive map of the world with moving dots, each representing a billion US dollars in exports or imports.  The different colors represent different sectors such as food, minerals and chemicals, clothing, wood, and so on.  The full interactive map is here,... read more

Jim Rickards joined the BBC’s Gordon Brewer on Radio Scotland to discuss globalism and his latest best seller The Road to Ruin.  During the conversation Rickards outlines exactly what he believes is a strategy by global elites’ to disguise a looming financial collapse. When asked about the Donald Trump positioning he responded, “Donald Trump is not a conservative. He is a populist. He... read more

Status as one of the world’s biggest bullion importers, participation in the gold fix at the London exchange and a plan to establish a jewelry gold investment center in Shanghai has turned China into one of the leading players in the global gold market in 2016. Gold entered the New Year in a downward trend. In 2016, prices of the yellow metal have continued to drop, for the fourth ye... read more