Famed investor Jim Rogers recently granted a video interview to a Singapore gold dealer. The video, less than 15 minutes, is worth the time as Rogers is one of the few well-known billionaires who publicly advocates owning gold (although the number is increasing).
The decline of a nation’s money often parallels the decline of the nation. Rome’s money stands as the classic example; Great Britain’s pound is the contemporary example.
New York Fed President William Dudley said that he supports another rate hike this year if the economy “evolves as he expects.” He also thinks it’s reasonable for the Fed to start selling part of its $4.5 trillion portfolio, which it accumulated through several quantitative easing programs.
Fred Hickey, whose stock market and gold predictions I’ve written about before, sees the stock market on precarious ground. He reminds investors that the Fed kicked off this bull market in stocks and bonds eight years ago with a forecast that massive money creation would “lift asset prices and generate a wealth effect,” which then
Four men, ages 18 to 20, were arrested and charged with the March theft of a 100-kilogram gold coin from the Bode Museum, Berlin, Germany.
I’ve written for some time about a bottom being put in for gold and silver in December 2015. However, the renewed bull market has not been recognized. So, just what will it take for the metals to move up strongly enough so that they will again gain investors’ attention?
There are many dangers–not to mention moral issues–of money created out of “thin air.” One of the dangers is that it distorts the markets and results in bad investments during “booms,” which inevitably turn to “busts.” During the busts, the bad investments wash out. Another is that it is easy to use. The economy slows,
Nothing could be further apart than the high-tech industry and gold. The high-tech industry didn’t come about until the development of the computer. Gold has been with us for thousands of years. Fred Hickey, editor and publisher of The High-Tech Strategist, recently turned bullish on gold. His reasons include fundamentals (production and supply/demand) and central
Gold and silver prices were hammered this morning, gold down $20 at its low, silver down $.60. Both recovered only slightly. It is no coincidence that the metals dropped in what is one of the slowest commodities trading days of the year, tomorrow being the 4th of July with most bullion house traders in the
Is there any wonder our national debt is pushing $20 trillion? An Inspector General’s report just revealed that the Pentagon spent an extra $28 million over the last decade in providing the Afghan Army special uniforms with a “forest color pattern,” instead of camouflage schemes. The pattern was chosen from a website by the Afghan