August, 2007 | CMI Gold & Silver
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Monthly Archives: August 2007

Doug Casey on gold and the dollar

Doug Casey has been in or associated with the gold market as long as I have, which will be 34 years next month. He is presently associated with several investment newsletters. His books have made The New York Times best-selling list. With Casey, you never have to wonder where he stands. He as confident, sometimes

Gold and money in the news

According to analysis of a Gold Field Minerals Services (GFMS) release, gold purchases in India are up to 300 tons this year, more than double the gold purchased in India this time last year. India is the world’s largest consumer of gold, using 600 to 700 tons a year. However, Indian production of gold is

The Fed and the subprime mess

So far, it looks like the world’s central banks have been successful in averting a meltdown of financial markets. However, there may be more work (money to be printed) by the central banks as more problems surface. The latest to report problems in the market include China’s second largest bank, the Bank of China, which

Cameco gets bit by subprime contagion

An often heard knock on gold and silver is that they do not pay interest. Consequently, many investors eschew the precious metals and seek to achieve asset appreciation by compounding interest, a proven path to wealth, assuming things remain normal and the interest and the funds loaned are secure. However, today “things are not normal”

Understanding money

“Understanding money is the key to restoring a sound economy,” wrote Congressman Ron Paul in Mises and Austrian Economics, his personal view on the great economist and the theories of Austrian economics that Mises helped formulate. Likewise, understanding money is the key to being able to withstand the chaos of currency debasement and inflation. It

Financial meltdown averted

It is not hyperbolic to say that last week the world’s central banks averted a worldwide financial meltdown. And, it is not an exaggeration to say that the public’s response was a yawn. The central banks prevented the meltdown by “injecting” massive quantities of freshly-created monies into the markets. No new wealth was created, but

Gold: three zeros and a figure in front?

Pierre Lassonde, vice-chair at Newmont Mining, the world’s second largest gold producer, the Australian Diggers & Dealers Forum that he sees the gold price moving towards “three zeros and a figure in front”? He was not sure whether that figure in front would be a one or what. His optimism for gold apparently is because

The piper is being paid

For over a decade, gold bulls lambasted the gold mining companies that were hedging their production. But, while gold prices were falling, the mining companies ignored the complaints. Barrick Gold Corp even bragged that it was not a mining company but a “financial house.” Now, they’re singing a different tune. A resouceinvestor.com article discusses Barrick’s

Rumblings of more central bank gold sales

In June, the Swiss announced they would be selling 250 tons of gold over the next two years. A few weeks earlier, the European Central Bank disclosed that it had sold gold. (See the June 14 and June 5 blog posts.) Now, the Italian Parliament has issued a resolution calling for the Bank of Italy,