Treasury Secretary Timothy Geithner can’t sell his house. Maybe it because he is asking more than the $1.6 million that he paid in 2004 at the top of the housing boom. Housing prices are down, on average, 30% from the 2004 top. Any doubt but that some wealthy person seeking to curry a favor with
Gene Arensberg, precious metals analyst and author of the popular Got Gold Report, reiterates in his recent report his bullishness for silver. Although Arensberg is bullish on gold over the longer term, he sees the potential for more immediate upside action in silver. Arensberg notes that iShares Silver Trust (SLV), the largest silver ETF, lost
While the world is still trying to figure out what caused the housing bust, Meltdown, a short 162-page book explains it, laying the blame at the feet of the Federal Reserve System.
Future silver production to suffer
US News, a mainstream media publication if there ever were one, interviewed Congressman Ron Paul about his bill to audit the Fed. Amazingly, the magazine allowed the congressman to lay it on the line about the nefarious central bank. Although Paul would prefer that the Fed be abolished, he knows that bills to abolish the
As noted on this blog before, the IMF wants to sell gold to fund more international welfare programs but must have the approval of the US Congress before it can sell any gold. In a February 2008 post, I speculated that approval under a new Congress would be likely. Now, approval appears imminent. This week
Northwestern Mutual buys gold to hedge against declining assets.
Confusion continues to reign about whether the world’s financial system is suffering from inflation of deflation.
Buffetts warns against dollar-denominated investments, gives backdoor recommendation to gold and silver.
Is developing short in silver reason for buying silver?