European Central Bank president Mario Draghi recently suggested (again) that quantitative easing would revitalize the Eurozone’s economies. Robert Blumen, physicist and Austrian economics advocate, thinks that Europe’s’ problems are systemic and that the system is unsustainable.
For more than a decade, GATA and others have asserted that the gold and silver markets are being manipulated, offering circumstantial evidence that manipulations are real. Now comes more solid circumstantial evidence that support GATA’s assertions.
A long-time client, who is a financial advisor, sent this: I thought it was interesting that the Christie’s Art Auction brought in a record 745 Million yesterday. A Francis Bacon piece sold for 80.8 Million and keep in mind that same piece sold for 15 Million 10 years ago. Looks like the uber wealthy wants
Central planners and their minions rarely–if ever–admit the failures of their programs. In fact, they rationalize and even support their continuations when the schemes fail, laying blame on “the markets” or someone else’s inability to recognize the brilliance of their interventionist schemes. Martin Wolf, the Financial Times chief economics commentator, recently lamented the lack of
Although precious metals, platinum and palladium have never functioned as money. Still, many analysts consider them to be suitable hedges against a decline in the dollar. According to the latest GFMS Platinum & Palladium Survey, palladium has much more favorable fundamentals than platinum.