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Here’s an interesting quote from Henry Ford: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Do you know what he is referring to? I would guess that less than one in a
“Gold smugglers run riot in India,” says Shivon Seth, writing on mineweb.com. This confirms that new regulations by the Central Bank of India have not dampened the buying of gold in the world’s second most populous country. Indian revenue authorities fear smuggling could rise to over 150% more than last year, Seth says. A long-time
KingWorldNews.com’s August 7 blog post with Stephen Leeb discussed the strong demand for gold in China, despite what the media report. Leeb says that this year China is set to import some 1,200 tons. But, China is not the only Asian country where the demand for gold is strong. Most physical gold sold in Asia
Always looking for negatives to report about gold, the media is now talking about “a return to hedging,” with the suggestion that gold miners are about to dump on the markets huge quantities of yet to be mined gold. Nothing could be further from the truth. Hedging occurs when a miner, or a gold reclaimer,
According to Steve Liesmen, investors face a bit of a dilemma in attempting to figure out the health of the economy. Do they believe the falling GDP numbers or the jobs numbers which are relatively steady in light of the GDP problems? The real problem is how to do you glean meaningful information from statistics
Something significant may have just occurred in the physical gold world. According to Zerohedge, the one month Gold Forward Offered Rate (GOFO) rate just went negative for the first time since 2008, and perhaps even more significantly, so did the three month rate. The last time both went negative was in 1999. In both cases
Richard Russell, famed for his Dow Theory Letters and his interpretation of the Dow Theory, recently declared stocks to be in bear market. In his July 5 Remarks, he discussed the bond market, saying that the bond market is to the stock market like King Kong would be to a five-year old girl. He then
If you are ever in need of an example of economic fallacy in print, Paul Krugman’s blog is a great place to start. His recent offering on the economic benefits of food stamps is no exception: “Indeed, estimates from the consulting firm Moody’s Analytics suggest that each dollar spent on food stamps in a depressed economy raises
Grant Williams, author of the newsletter Things That Make You Go Hmm, recently presented at the 66th Annual CFA Conference in Singapore. The entire presentation is available above, but in this post we’re going to deal with less than ten minutes of his presentation. Although Mr. Williams addresses stock investors, his material should be of
In HR 684: a disaster for gold/silver investors, I urged readers to contact their representatives in Congress to vote and work against HR 684. The bill remains a potential disaster for gold and silver investors, and many readers, judging by their calls and emails, understand this. But, too many respondents to the earlier post were
