Markets are just beginning to latch on to the economic consequences of the coronavirus. Central banks are slashing interest rates and beginning to throw new money into the mix and governments are increasing deficit spending. Few analysts have yet to understand the enormous consequences of the coronavirus for missed payments and accumulating current debt, which…
Lately we have, with increasing frequency, been witness to fairly significant events. However, those involved in them usually attempt to hide what is happening behind a wall of secrecy. For instance, at the end of last year, the process of moving Polish gold reserves from Great Britain back home was completed in secret. G4S plc,…
For most of this decade owning gold and gold-related investments has required the patience of Job, and the sector is so obscure that it is hard to be sure of anything. But for months now the unusual developments have been piling up so much that it may be possible to regain some optimism. There are…
The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail. In addition…
Governments around the world have recently been on a “gold-buying spree.” These countries have a tactful reason for doing so, and this reason is directly tied to the anticipation of the inevitable end of US hegemony. Central banks are among the largest purchasers of gold. So far in 2019, they have bought 145.5 tons of…
Dr. M goes for gold Veteran Malaysian Prime Minister Mahathir Mohamad has made a speech calling for all of east Asia to begin trading on the basis of a new currency based on a classical gold standard. While Mahathir did not suggest that this currency should be used to settle daily transactions between individuals, he…
