Thursday, February 25, 2016

Jack Ma - Founder of Alibaba

"The worst people to serve are the poor people."

http://video.genfb.com/10153864035295365

Negative interest rates in the US? Just ask the FDIC.

When I was giving presentations on imminent bank bail-ins in 2013, I specifically pointed out inadequate FDIC funds.  Simon Black confirms the numbers today.

https://www.sovereignman.com/trends/negative-interest-rates-in-the-us-just-ask-the-fdic-18723/

Wednesday, February 24, 2016

Gold Is Breaking Out; Goldman Stumped

http://www.zerohedge.com/news/2016-02-24/gold-breaking-out-leaving-goldman-stumped

  • CNBC: "You would fade this whole gold hike?"
  • Goldman's Jeff Currie: "Absolutely"
Translation: "sell your gold to us" because as usual things are not working out quite as expected for Goldman's clients who listened.

Tuesday, February 23, 2016

Friday, January 29, 2016

The Golden Constant

The cost of the book "The Golden Constant" is selling for over $100 on Amazon.com.  I wonder how much it will cost when gold is $5000/oz/?

http://www.amazon.com/The-Golden-Constant-Experience-1560-2007/dp/1847202616

Asset Expense Index

http://www.debtcrash.report/all-posts-list/all-post-list/entry/asset-price

All of the investible silver in the world is under 20 billion dollars, but comparing the current silver price to median income is informative.  Using this metric silver appears fairly valued. 

Thursday, January 28, 2016

Something Snapped At The Comex

http://www.zerohedge.com/news/2016-01-26/comex-snaps-gold-dilution-hits-record-542-oz-gold-claims-every-ounce-physical
the 40 million ounces of gold open interest and the record low 74 thousand ounces of registered gold imply that as of Monday's close there was a whopping 542 ounces in potential paper claims to every ounces of physical gold.

Tuesday, January 26, 2016

Gold Fund Manager Laments The Big Payoff "Will Not Be Cause For Celebration"

The article is mildly informative, with the most relevant message being "don't gloat when the price of gold is soaring (because you will be a target) as the world won't be such a friendly place" meme.  The more interesting insights come from the Comments section.

http://www.zerohedge.com/news/2016-01-25/gold-fund-manager-laments-big-payoff-will-not-be-cause-celebration?page=2