Gold/Money
GATA, Goldman and the Gold Carry Trade
Is massive gold short-selling the fundamental backdrop behind America’s financial revolution of the late 20th century? Read GATA’s latest letter and you might conclude that gold was THE funding currency of the 1980s, 1990s and 2000s. As an executive at Goldman Sachs in London, Robert Rubin developed an idea to borrow gold from central banks... »
Preparing for a Smooth (Eventual) Exit
Well, at least they’re hoping for a smooth exit. Granted, they have had some recent success stepping back from emergency facilities. It could be worse… Here’s a recent speech on the planned exit: March 8, 2010 Brian P. Sack, Executive... »
Don Coxe: Basic Points Feb 2010
Hard Rocks and Hard Shocks »
Peak Silver
Unlike gold, silver is a monetary precious metal with industrial uses. Consequently, silver supply is used up, as opposed to gold supply which is stored in vaults forever. We’ve mentioned how ‘green’ trends, such as hybrid cars and windmills, will result in huge demand for rare earth metals. Silver is also required to harness solar... »
The Morning Paper: Asia, Gold & Empires
Morning reading for bright eyes and bushy tails… Asia buys record volume of W.African oil in Q1 India potential buyer for IMF gold Empires on the Edge of Chaos (Niall Ferguson) »
Gold – Buyer Beware
This is a fantastic article highlighting the problem with ETFs and other investment funds that invest in unallocated gold. Essentially, some funds use investor money to buy certificates that represent an unsecured claim with a counterparty. Because the claim is unsecured, and because the claim is rarely exercised, the counterparty may never actually hold... »
Marc Faber: Favor Equities Over Bonds
With governments around the world continuing to print money, assets that are positively correlated to inflation will benefit. While Marc Faber prefers stocks over bonds, he prefers precious metals over stocks. Despite his long-term view, he sees the potential for the S&P 500 to re-test its high and correct about 20%. Watch the video: Bloomberg »
Gold ‘Bubble’
It’s better to make money than to be right. This is one thing many people forget when investing. Markets are psychological battlegrounds where one investor tries to out-game the other. You win by anticipating what others are thinking, not by deciding what is right or wrong. Many are saying that gold is in a bubble.... »
Ron Paul vs. Ben Bernanke
Ron Paul is all over the place. But he proposes some interesting theories. »
History of Gold
A chronological history of gold dating back to 4000bc. A great read and reference tool provided by the National Mining Association. The History of Gold »