Thursday, December 14th, 2017 MST

A flawed assumption

All the talk in political and monetary circles is about the GOP efforts at tax reform.  At this time, it is not possible to know the final form the bill will take.  The Senate has its version, the House has its version.  Compromises will have to be made, and there will be some serious horse trading.

What to buy?

Recently a client wrote: “In 2004, I started buying gold and silver because of increasing US debt, thinking that inflation would come about and the dollar would suffer.  Now David Stockman (former Budget Director under Ronald Reagan) forecasts imminent doom for the stock and the bond markets.  And, I agree that it will most likely

Big names bullish on gold

Marc Faber, famed investment advisor, fund manager and publisher of The Gloom, Boom & Doom Report, noted in his October 2017 issue that the Fed’s announcement about implementing quantitative tightening has depressed precious metals and mining stocks.  He then added, “I shall use the current weakness to increase my position in physical precious metals.”

Old U.S. gold coins at really low prices

As this is written, our Gold Specials Page has XF-grade $5 Liberty Head gold coins at the incredibly low price of 5% over spot, meaning 5% over the value of their gold content. By incredibly low, I mean compared with historical prices, with competitors’ prices and with comparable coins’ prices.

Germany repatriates its gold, at least some of it

Last week Germany’s central bank pompously announced that it had completed its repatriation of $31 billion in gold from Paris and New York, ridiculing earlier speculation that the gold had somehow been compromised.  A widely circulated theory was that Germany’s gold had been borrowed by bullion houses and delivered against futures contracts that were sold