Wednesday, December 31, 2014
Paul Craig Roberts – How Russia & China Can Save The World In 2015
According to Roberts, the world is a lot closer to nuclear war than what the population is discounting. Let's hope he's wrong.
http://kingworldnews.com/paul-craig-roberts-russia-china-can-save-world-2015/
http://kingworldnews.com/paul-craig-roberts-russia-china-can-save-world-2015/
Labels:
China,
Paul Craig Roberts,
Russia,
Save The World
Tuesday, December 30, 2014
Nazi Leader Hermann Goering quote
This is rather chilling, but it's deniable in describing many government leaders.
- "Naturally the common people don’t want war; neither in Russia, nor in England, nor in America, nor in Germany. That is understood. But after all, it is the leaders of the country who determine policy, and it is always a simple matter to drag the people along, whether it is democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country." – Hermann Goering
Labels:
Hermann Goering,
Nazi Leader
Sunday, December 28, 2014
Philadelphia literally burns old money for electricity
You can't make this fiat $hit up.
http://factually.gizmodo.com/philadelphia-literally-burns-old-money-for-electricity-1675569105?utm_campaign=socialflow_gizmodo_twitter&utm_source=gizmodo_twitter&utm_medium=socialflow
We'll know it's game over when citizens--not the Fed--are doing this.
http://factually.gizmodo.com/philadelphia-literally-burns-old-money-for-electricity-1675569105?utm_campaign=socialflow_gizmodo_twitter&utm_source=gizmodo_twitter&utm_medium=socialflow
We'll know it's game over when citizens--not the Fed--are doing this.
Click on Image to Enlarge |
Labels:
electricity,
literally burns,
old money,
Philadelphia
Saturday, December 27, 2014
60 Prominent Germans Appeal Against Another War In Europe: "It Is Not About Putin. What Is At Stake Is Europe"
This is a call from Germany for NATO and the US to stand down.
http://www.zerohedge.com/news/2014-12-26/60-prominent-germans-appeal-against-another-war-europe-it-not-about-putin-what-stake
http://www.zerohedge.com/news/2014-12-26/60-prominent-germans-appeal-against-another-war-europe-it-not-about-putin-what-stake
Labels:
Another War,
Appeal,
at stake,
Europe,
Germans,
Not About Putin,
Prominent
Game Over Japan: Real Wages Crash Most In 21st Century, Savings Rate Turns Negative
Japan is toast. They are trapped in a Keynesian debt (death) spiral.
http://www.zerohedge.com/news/2014-12-26/game-over-japan-real-wages-crash-most-21st-century-savings-rate-turns-negative
http://www.zerohedge.com/news/2014-12-26/game-over-japan-real-wages-crash-most-21st-century-savings-rate-turns-negative
Labels:
21st century,
crash,
Game Over,
Japan,
negative,
Real Wages,
Savings Rate
Friday, December 26, 2014
David Stockman On Black Swans & The U.S. War With Russia
I agree with Stockman's opinion on the illogical and dangerous US foreign policy of encroachment on Russia. But I do disagree with this part:
So there are reasons behind the US' "war against Russian aggression." But it doesn't make the campaign against Putin moral, and it will end up being disastrous.
http://kingworldnews.com/david-stockman-black-swans-u-s-war-russia/
“There was no reason to expand NATO all the way through eastern Europe — adding 14 new countries since the Cold War ended — coming all the way to the border of Russia, creating tensions and antagonisms that have no reason to exist."There were reasons--nefarious and misguided notwithstanding. China needs energy, and it has secured energy sources from Russia. The BRICS countries have the population, the natural resources, and are generally more solvent than the over-indebted western powers. Current US policy of agitating Russia is an affront against both superpowers China and Russia.
So there are reasons behind the US' "war against Russian aggression." But it doesn't make the campaign against Putin moral, and it will end up being disastrous.
http://kingworldnews.com/david-stockman-black-swans-u-s-war-russia/
Labels:
black swans,
David Stockman,
Russia,
U.S. War
Thursday, December 25, 2014
Reuters Objectively See’s Russia’s Options as Losing or… Losing Badly
This is one of the most important articles I've read on the geopolitical struggles encountering the US. NATO, the US, and the global banking cartels are at war with Russia, but the true battle is against China's growing presence as a superpower. King Dollar is about to topple, and the western powers are doing everything to preserve its reserve currency status.
Clinging on to ultimate superpower status never works. It can be extended, but it cannot be reversed.
http://www.firstrebuttal.com/2014/12/24/reuters-objectively-sees-russias-options-as-losing-or-losing-badly/
Clinging on to ultimate superpower status never works. It can be extended, but it cannot be reversed.
http://www.firstrebuttal.com/2014/12/24/reuters-objectively-sees-russias-options-as-losing-or-losing-badly/
Labels:
China,
Losing,
Losing Badly,
Objectively,
options,
Reuters,
Russia,
US
The Terror Of How Banks Use Our Money: Russell Brand The Trews
I am not endorsing Bitcoin, Startcoin, or any other crypto-currency, but Max Keiser nails it when he exposes the shenanigans of the banking cartels.
https://www.youtube.com/watch?v=xWOsjVyc6wo#t=185
https://www.youtube.com/watch?v=xWOsjVyc6wo#t=185
Labels:
banks,
money,
Russell Brand,
Terror
Russia Says It Has Evidence From Ukraine Military Defector Kiev Was Responsible For MH-17 Crash
The truth about who shot down Malaysian Flight MH-17 is starting to leak out. Despite western propaganda accusing Russia, it was a Ukrainian jet fighter, not a Russian surface-to-air missile. The outcome will be eventually exposed by international investigators, but my money is on denials by western authorities.
http://www.zerohedge.com/news/2014-12-24/russia-says-it-has-evidence-ukraine-military-defector-kiev-was-responsible-mh-17-cra
http://www.zerohedge.com/news/2014-12-24/russia-says-it-has-evidence-ukraine-military-defector-kiev-was-responsible-mh-17-cra
Labels:
Evidence,
Kiev,
MH-17 Crash,
Responsible,
Russia,
Ukraine Military Defector
Global Investors Rush To BTFRD
It appears predictions of Russia's demise were premature.
http://www.zerohedge.com/news/2014-12-24/global-investors-rush-btfrd
http://www.zerohedge.com/news/2014-12-24/global-investors-rush-btfrd
Labels:
BTFRD,
Global Investors,
Rush
Tuesday, December 23, 2014
BMO Capital Markets' Andrew Kaip Says Get Ready For The Consolidation Wave
There are those that seek the safety of physical precious metals. And there are those who want upside alpha in paper assets, and understand the downside risk. See disclaimers in the side bar.
http://seekingalpha.com/article/2776905-bmo-capital-markets-andrew-kaip-says-get-ready-for-the-consolidation-wave
http://seekingalpha.com/article/2776905-bmo-capital-markets-andrew-kaip-says-get-ready-for-the-consolidation-wave
Labels:
Andrew Kaip,
BMO,
Consolidation Wave
T. Boone Pickens Rages On CNBC: "I Am The Expert, Not You", Says Oil Down Due To "Weak Demand"
T. Boone Pickens is hilarious in this exchange with CNBC anchors. Let's just say he has a choleric personality.
http://www.zerohedge.com/news/2014-12-23/t-boone-pickens-rages-cnbc-i-am-expert-not-you-says-oil-down-due-weak-demand
http://www.zerohedge.com/news/2014-12-23/t-boone-pickens-rages-cnbc-i-am-expert-not-you-says-oil-down-due-weak-demand
Labels:
: Expert,
CNBC,
Not You,
Oil Down,
Rages,
T. Boone Pickens,
Weak Demand
The Greater Abomination: Washington’s Lies About TARP’s “Success” Are Worse Than The Original Bailouts, Part I
Here's the non-esoteric, non-intellectual version of Stockman's insightful article: the Fed allowed banks to repay their bailout loans by printing up trillions of dollars and giving it to the banks free of charge and risk-free.
Call it Redneck Economics 101, but that's the gist of our banking system.
http://davidstockmanscontracorner.com/the-greater-abomination-washingtons-lies-about-tarps-success-are-worse-than-the-original-bailouts-part-i/
Call it Redneck Economics 101, but that's the gist of our banking system.
http://davidstockmanscontracorner.com/the-greater-abomination-washingtons-lies-about-tarps-success-are-worse-than-the-original-bailouts-part-i/
Labels:
Greater Abomination,
Original Bailout,
success,
TARP,
Washington’s Lies,
worse
Monday, December 22, 2014
Yes, Russia To Unleash Black Swans Against West But Here Is The Scary Part
It's becoming pretty clear why the Obama administration is making nice with Cuba, and declaring North Korea's "cyber-attack" on SONY. Both are allies of Russia and China, respectively.
In fact, North Korea can't lift a finger without China's approval and capabilities. Re-declaring North Korea as a terrorist threat is merely misdirection to rally nationalistic support against China.
Russia and China individually are formidable nuclear-capable threats. The two foes combined make them impossible to engage militarily. From a foreign currency perspective, the USDollar is gaining strength and wreaking havoc in all oil-exporting nations.
These currency devaluation wars are a precursor to military conflict. King Dollar must maintain its hegemony, or it's lights out for the US.
http://kingworldnews.com/yes-russia-unleash-black-swans-west-scary-part/
In fact, North Korea can't lift a finger without China's approval and capabilities. Re-declaring North Korea as a terrorist threat is merely misdirection to rally nationalistic support against China.
Russia and China individually are formidable nuclear-capable threats. The two foes combined make them impossible to engage militarily. From a foreign currency perspective, the USDollar is gaining strength and wreaking havoc in all oil-exporting nations.
These currency devaluation wars are a precursor to military conflict. King Dollar must maintain its hegemony, or it's lights out for the US.
http://kingworldnews.com/yes-russia-unleash-black-swans-west-scary-part/
Labels:
Against West,
black swans,
Russia,
Scary Part,
Unleash
Sunday, December 21, 2014
UK, French, German Citizens Wish to See EU Policy More Independent From US
Europeans just realized it's going to be a cold winter and they need Russia's oil and gas.
http://sputniknews.com/europe/20141219/1016035474.html
http://sputniknews.com/europe/20141219/1016035474.html
Saturday, December 20, 2014
Russia Busts "Gold-Selling" Rumors, Reports It Bought Another 600,000 Ounces Taking Gold Holdings To New Record High
As usual, the financial media reports another lie about gold, with complicity from Societe Generale, a French bullion bank who is incentivized to publish anti-gold and anti-Russian propaganda.
http://www.zerohedge.com/news/2014-12-19/russia-busts-gold-selling-rumors-reports-it-bought-another-600000-ounces-taking-gold
http://www.zerohedge.com/news/2014-12-19/russia-busts-gold-selling-rumors-reports-it-bought-another-600000-ounces-taking-gold
Labels:
Bought,
Busts,
gold holdings,
Gold-Selling Rumors,
New Record High,
ounces,
Russia
Friday, December 19, 2014
Wednesday, December 17, 2014
Monday, December 15, 2014
Saturday, December 13, 2014
What Do They Know? CME Implements Gold, Precious Metals Circuit Breakers Up To $400 Wide
The CME knows something you don't. They are expanding the price
range for circuit breakers to be triggered, in the event of
"illiquidity" and trading halts. Basically, it means when there is
panic selling or panic buying, and trading is so furious that markets
are broken, that the exchange systems break down, and trading is halted.
Expect huge price swings for gold and silver going forward. We don't know when, but we do know the authorities know it WILL happen.
You've been forewarned.Expect huge price swings for gold and silver going forward. We don't know when, but we do know the authorities know it WILL happen.
http://www.zerohedge.com/news/
Labels:
Circuit Breakers,
CME,
gold,
precious metals,
Wide
Friday, December 12, 2014
And Now, Expert Financial Advice From Jessica Alba
Wanna know how to make money? When this thing goes IPO, short this puppy.
Just kidding, guys and gals. I'm sure this company's shares will fly to the moon.
See the disclaimers in the side bar.
http://www.zerohedge.com/news/2014-12-12/and-now-expert-financial-advice-jessica-alba
Just kidding, guys and gals. I'm sure this company's shares will fly to the moon.
See the disclaimers in the side bar.
http://www.zerohedge.com/news/2014-12-12/and-now-expert-financial-advice-jessica-alba
Labels:
Expert,
Financial Advice,
Jessica Alba
Thursday, December 11, 2014
Treasury Department Seeking Survival Kits For Bank Employees
http://freebeacon.com/issues/treasury-department-seeking-survival-kits-for-bank-employees/
Here is the RFP from the Office of the Comptroller of the Currency (OCC):
http://www.scribd.com/doc/249781337/Survival-Kits-RFP
Here is the RFP from the Office of the Comptroller of the Currency (OCC):
http://www.scribd.com/doc/249781337/Survival-Kits-RFP
Labels:
Bank Employees,
Seeking,
Survival Kits,
Treasury Department
Wednesday, December 10, 2014
Tuesday, December 9, 2014
Willem "Gold-Is-A-6000-Year-Bubble" Buiter Joins Council on Foreign Relations As Senior Fellow
This is classic. Any "One World Order" conspiracy theorist couldn't have written a better script. A renown banker pens the ultimate wrong-headed anti-gold propaganda piece and becomes an honorary member of the Council on Foreign Relations two weeks later.
http://www.zerohedge.com/news/2014-12-09/willem-gold-6000-year-bubble-buiter-joins-council-foreign-relations-senior-fellow
For a taste of the CFR and its connection to the Bilderberg Group, here's a review of Daniel Estulin's book “The True Story of the Bilderberg Group."
http://www.globalresearch.ca/the-true-story-of-the-bilderberg-group-and-what-they-may-be-planning-now/13808
http://www.zerohedge.com/news/2014-12-09/willem-gold-6000-year-bubble-buiter-joins-council-foreign-relations-senior-fellow
For a taste of the CFR and its connection to the Bilderberg Group, here's a review of Daniel Estulin's book “The True Story of the Bilderberg Group."
http://www.globalresearch.ca/the-true-story-of-the-bilderberg-group-and-what-they-may-be-planning-now/13808
Monday, December 8, 2014
The Golden Age
A couple points:
1) an article recounting the monetary history of gold in the New York Times is a rare event, as the Times is traditionally a shill for the banking class, which is very anti-gold.
2) trust those who understand economic and monetary history--not mainstream Keynesian economists who only understand fiat currencies. The ignorant drivel coming from these so-called economists is stunningly vacuous.
http://www.nytimes.com/2014/12/07/sunday-review/the-golden-age.html?_r=1
1) an article recounting the monetary history of gold in the New York Times is a rare event, as the Times is traditionally a shill for the banking class, which is very anti-gold.
2) trust those who understand economic and monetary history--not mainstream Keynesian economists who only understand fiat currencies. The ignorant drivel coming from these so-called economists is stunningly vacuous.
http://www.nytimes.com/2014/12/07/sunday-review/the-golden-age.html?_r=1
Labels:
Golden Age
The Mother Of All Bank Runs!
I agree with the premise of the enclosed article below: the trend of central banks repatriating their sovereign gold will accelerate. But I believe the author has it wrong on the details of the US Treasury bond buying binge by Belgium.
Belgium's economy is nowhere near large enough to support the legitimate purchase of such a huge sum of US Treasuries. But due to lack of demand by bond buyers, and due to the winding down of QE3, SOME buyer had to take up for the slack in demand. With the Chinese and Japanese slowing or even reversing their bond purchases, and the Fed ending their "stimulus" plan, Belgium was the mysterious buyer, used as a proxy agent to sop up US Treasury debt to support our government's spendthrift ways.
There were no bids for US Treasury debt? No problem: let's create an artificial buyer, and shove the paper mache assets under the proverbial Eurozone carpet.
Having said that, and I mentioned it here, the Belgians and European Union leaders have an insider's perspective on where the money trail is, and understand the Golden Rule: "Whoever has the gold, makes the rules."
http://www.gold-eagle.com/article/mother-all-bank-runs
Belgium's economy is nowhere near large enough to support the legitimate purchase of such a huge sum of US Treasuries. But due to lack of demand by bond buyers, and due to the winding down of QE3, SOME buyer had to take up for the slack in demand. With the Chinese and Japanese slowing or even reversing their bond purchases, and the Fed ending their "stimulus" plan, Belgium was the mysterious buyer, used as a proxy agent to sop up US Treasury debt to support our government's spendthrift ways.
There were no bids for US Treasury debt? No problem: let's create an artificial buyer, and shove the paper mache assets under the proverbial Eurozone carpet.
Having said that, and I mentioned it here, the Belgians and European Union leaders have an insider's perspective on where the money trail is, and understand the Golden Rule: "Whoever has the gold, makes the rules."
http://www.gold-eagle.com/article/mother-all-bank-runs
Saturday, December 6, 2014
When Goldman Writes The New York Fed's Press Releases, Then All Is Lost
Goldman Sachs doesn't just have undue influence over the Fed. It IS the Fed. Or at least the Fed has jobs waiting for former Fed and US Treasury officials.
http://www.zerohedge.com/news/2014-12-06/when-goldman-writes-new-york-feds-press-releases-then-all-lost
http://www.zerohedge.com/news/2014-12-06/when-goldman-writes-new-york-feds-press-releases-then-all-lost
Labels:
goldman,
New York Fed,
Press Releases,
Writes
Bankers, Media, Governments & Anti-Gold Propaganda
Pento destroys Citi's Buiter's "analysis" on gold.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/6_Bankers,_Media,_Governments_%26_Anti-Gold_Propaganda.html
Speaking of bubbles, here's the price chart for Citi shares.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/6_Bankers,_Media,_Governments_%26_Anti-Gold_Propaganda.html
Speaking of bubbles, here's the price chart for Citi shares.
Click on Image to Enlarge |
Labels:
anti-gold propaganda,
bankers,
governments,
media,
Willem Buiter
It’s official (finally): The US is no longer the world’s #1 economy
http://www.sovereignman.com/trends/its-official-finally-the-us-is-no-longer-the-worlds-1-economy-15689/
The West, and the US in particular, is plagued by:
Insane debt levels, which the government has been accumulating at faster and faster rates, hitting an unprecedented $18 trillion in debt this past week.
Short-sighted monetary policy, from quantitative easing that has debased the currency to negative interest rates that have wiped out any reason to be smart with money.
A crippled economy, as Western nations’ oppressive taxation frightens away the productive, and handouts have created a society of dependency.
Global bullying, as the US spies on its own citizens and allies, compelling businesses and governments to terminate their relationships with the Land of the Free.
Waging endless wars, whether against nouns (‘terrorism’), plants (‘drugs’), and brown people on the other side of the planet who supposedly hate us for our freedom. If they only knew…
A population that lives in fear, as you are more likely to get shot by your own police in the United States today than to ever even see a terrorist.
It’s pretty hard to maintain the top spot when that’s what you stand for.
Labels:
no longer,
official,
US,
World #1 Economy
Game over, Japan
It appears the breaking point for a country to default on its obligations is when 50% of tax revenues are used to pay the interest on its debt.
http://www.sovereignman.com/trends/game-over-japan-15686/
http://www.sovereignman.com/trends/game-over-japan-15686/
Jim Grant's November 2014 speech at the Cato Institute
Likely it will be even more baffled than we are. Imagine trying to explain the present-day arrangements to your 20-something grandchild a couple of decades hence - after the crash of, say, 2016, that wiped out the youngster's inheritance and provoked a cenral bank response so heavy-handed as to shatter the confidence even of Wall Street in the Federal reserve's methods...
I expect you'll wind up saying something like this:
- Jim Grant"My generation gave former tenured economics professors discretionary authority to fabricate money and to fix interest rates.
We put the cart of asset prices before the horse of enterprise.
We entertained the fantasy that high asset prices made for prosperity, rather than the other way around.
We actually worked to foster inflation, which we called 'price stability' (this was on the eve of the hyperinflation of 2017).
We seem to have miscalculated."
Labels:
Cato Institute,
Jim Grant
Belgium Investigating To Repatriate All Gold Reserves
Belgium is joining the ranks of those repatriating their sovereign gold holdings from the Fed. But hey, the Fed's mantra is "Trust us. We have your gold."
https://www.bullionstar.com/blog/koos-jansen/belgium-investigating-to-repatriate-all-gold-reserves/
Could it have anything to do with Belgium's mysterious gorging of US Treasury debt? Is it coincidental that the European Union's headquarters are in Brussels, Belgium?
http://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40
http://www.zerohedge.com/news/2014-03-18/meet-brand-new-and-shocking-third-largest-holder-us-treasurys
http://www.zerohedge.com/news/2014-04-15/shocking-buying-spree-americas-mysterious-third-largest-treasury-holder-ramps-higher
https://www.bullionstar.com/blog/koos-jansen/belgium-investigating-to-repatriate-all-gold-reserves/
Could it have anything to do with Belgium's mysterious gorging of US Treasury debt? Is it coincidental that the European Union's headquarters are in Brussels, Belgium?
http://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40
http://www.zerohedge.com/news/2014-03-18/meet-brand-new-and-shocking-third-largest-holder-us-treasurys
http://www.zerohedge.com/news/2014-04-15/shocking-buying-spree-americas-mysterious-third-largest-treasury-holder-ramps-higher
Labels:
Belgium,
gold reserves,
Investigating,
repatriate
German Gold Repatriation Accelerating
Bloomberg News, like CNBC, is unofficially in the misinformation industry.
https://www.bullionstar.com/blog/koos-jansen/german-gold-repatriation-accelerating/
https://www.bullionstar.com/blog/koos-jansen/german-gold-repatriation-accelerating/
Labels:
Accelerating,
German,
gold repatriation
Friday, December 5, 2014
Worried About Gold / Silver Price Action - Just Read This
The Fed is in a debt trap. It can't reduce interest rates any lower due to the zero-bound. And it can't raise rates because of the mountain of debt, causing the servicing of that debt to be insurmountable.
So it must continue down the path of creating more debt in a futile attempt to solve the debt problem. They're merely kicking the Ponzi can down the road--until the next elected officials can no longer do it, and the bond market vigilantes push back with higher yields.
Any 2nd grader can see how unsustainable this path is. It never ends well.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/5_Worried_About_Gold___Silver_Price_Action_-_Just_Read_This.html
So it must continue down the path of creating more debt in a futile attempt to solve the debt problem. They're merely kicking the Ponzi can down the road--until the next elected officials can no longer do it, and the bond market vigilantes push back with higher yields.
Any 2nd grader can see how unsustainable this path is. It never ends well.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/5_Worried_About_Gold___Silver_Price_Action_-_Just_Read_This.html
Labels:
gold,
Price Action,
silver,
worried
Thursday, December 4, 2014
Fed says 'no inflation' but middle class reality says otherwise
http://finance.yahoo.com/news/middle-class-is-dealing-with-12--inflation--wsj-study-175947204.html
“The Fed doesn’t count energy, they don’t count food, they don’t count a lot of the stuff where prices move around the most.”
Labels:
Fed,
middle class,
no inflation,
reality,
says otherwise
How Could They?
When the bond king (i.e. world's biggest debt investor) questions the level of debt sloshing around, you know the end game is near.
https://www.janus.com/bill-gross-investment-outlook
https://www.janus.com/bill-gross-investment-outlook
“Can a debt crisis be cured with more debt?” it is difficult to envision a return to normalcy within my lifetime (shorter than it is for most of you). I suspect future generations will be asking current policymakers the same thing that many of us now ask about public smoking, or discrimination against gays, or any other wrong turn in the process of being righted.
How could they? How could policymakers have allowed so much debt to be created in the first place, and then failed to regulate their own system accordingly? How could they have thought that money printing and debt creation could create wealth instead of just more and more debt? How could fiscal authorities have stood by and attempted to balance budgets as opposed to borrowing cheaply and investing the proceeds in infrastructure and innovation? It has been a nursery rhyme experience for sure, but more than likely without a fairytale ending.
Labels:
Bill Gross,
How Could They
Wednesday, December 3, 2014
Ted Butler Quote on Silver vs. Gold
If anybody(s) wanted to corner the physical silver market, it would only take a few billion dollars.
At current prices, there is $6.6 trillion worth of gold in the world and a little over $16 billion worth of silver. In other words, on a dollar (or any other currency) basis, there is more than 400 times more gold in the world than silver. Expressed differently, all the silver in the world is worth only one-quarter of one percent (0.25%) of what all the world's gold is worth. Even by doubling the amount of silver by including coins and small bars (most of which will never be converted into 1,000 oz bars), one would still end up with the gold being worth 200 times what the silver is worth or silver being worth 0.5% of what the gold is worth. These are the most extreme valuation differences ever.Like investors in everything else, precious metals investors seek out the best relative value available. Investors everywhere want the best value, lowest risk and biggest bang for their buck. Due to an increasingly obvious price manipulation on the COMEX, silver has reached a degree of undervaluation relative to gold that is so extreme as to be almost unbelievable, even when expressed in simple arithmetic terms. And because gold is so cheap compared to other asset classes, that automatically means silver is even cheaper compared to every other asset.- Silver analyst Ted Butler, Butler Research, November 22, 2014
Labels:
gold,
silver,
Ted Butler
Tuesday, December 2, 2014
With Its Gold "Vaporized", A Furious Ukraine Turns On Its Central Bankers
Central bankers all fear this, as this is a prelude to what their future looks like.
http://www.zerohedge.com/news/2014-12-02/its-gold-vaporized-furious-ukraine-turns-its-central-bankers
http://www.zerohedge.com/news/2014-12-02/its-gold-vaporized-furious-ukraine-turns-its-central-bankers
Labels:
central bankers,
furious,
Gold Vaporized,
Turns On,
Ukraine
The Middle Class Spending Crash Explained
The middle class squeeze is in place. But hey, government statistics insist inflation is benign, right?
http://www.zerohedge.com/news/2014-12-02/middle-class-spending-crash-explained
http://www.zerohedge.com/news/2014-12-02/middle-class-spending-crash-explained
Labels:
crash,
middle class,
spending
Images From A Dark Detroit: "Major Cable Failure" Sparks Widespread Power Outage
This is what happens when the lights are turned off.
http://www.zerohedge.com/news/2014-12-02/images-dark-detroit-major-cable-failure-sparks-widespread-power-outage
http://www.zerohedge.com/news/2014-12-02/images-dark-detroit-major-cable-failure-sparks-widespread-power-outage
Labels:
Dark,
Detroit,
Major Cable Failure,
power outage,
Sparks,
Widespread
Monday, December 1, 2014
Value Investing
Accumulators of physical precious metals aren't wrong. They're early.
“THE MOST IMPORTANT ATTRIBUTE FOR SUCCESS IN VALUE INVESTING IS PATIENCE, PATIENCE, AND MORE PATIENCE. THE MAJORITY OF INVESTORS DO NOT POSSESS THIS CHARACTERISTIC.” - Peter Cundill
Labels:
Peter Cundill,
value investing
What Happened To The Gold Correlation?
Only two scenarios exist in the US debt vs. gold price correlation:
1) the US government reduces its deficits and even reverses it, or
2) the price of gold will have to increase to catch up with US debt obligations.
http://www.zerohedge.com/news/2014-12-01/what-happened-gold-correlation
1) the US government reduces its deficits and even reverses it, or
2) the price of gold will have to increase to catch up with US debt obligations.
http://www.zerohedge.com/news/2014-12-01/what-happened-gold-correlation
Labels:
Gold Correlation
Subscribe to:
Posts (Atom)