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By Félix Moreno de la Cova |
January 11, 2013
The US fiscal cliff debate is over, and if you’ll excuse me for resorting to a well-worn gold bug cliché, the can has just been given another kick down the road. The problem is of course that the can is getting ever bigger and heavier.
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By Félix Moreno de la Cova |
December 4, 2012
US M3 grew by another $46 billion in October, reaching an estimated $14.8 trillion. At the same time the gold price weakened, taking a small break after the substantial run-up in September. As a result the Fear Index remains above the significant 3% level.
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By Félix Moreno de la Cova |
October 30, 2012
The Federal Reserve’s new stimulus measures have had a noticeable impact on market confidence in the dollar and the solvency of our current monetary system. The Fear Index picked up in September and is once more over 3%.
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By Félix Moreno de la Cova |
October 30, 2012
Any reasonable saver who has seen the virtue of accumulating gold should be asking himself the crucial and necessary question of when to part with their gold, or at least when to reduce his allocation to precious metals.
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By Félix Moreno de la Cova |
October 26, 2012
The claim that the gold standard exaggerates economic fluctuations is based on an incorrect understanding of the business cycle and especially, since it is most often cited, the 1920s post-First World War gold exchange standard.
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By Félix Moreno de la Cova |
October 4, 2012
When fiat money comes crashing down and people anxiously demand a solution, there will be many different paths. There are those that aspire to one world currency managed by a world central bank, while others will hope for a return to monetary nationalism.
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By Félix Moreno de la Cova |
October 2, 2012
The European currency suffers from a lack of confidence relative to the dollar and confidence is falling in both the dollar and the euro. Euro-zone M3 has also grown at a healthy pace – reaching €10 trillion in Q3 2012 and doubling since 2001.
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By Félix Moreno de la Cova |
September 12, 2012
The gold standard is slowly becoming a mainstream discussion point again. This is in part thanks to recent calls from US Republicans for another congressional “gold commission” to examine the idea of restoring some form of gold-backing to the US dollar.
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By Félix Moreno de la Cova |
August 28, 2012
Despite the pause in monetary stimulus and the huge expectations built up over QE3, the truth is that US money supply continues to grow at a healthy pace, proving that the supposedly “sterilized” Operation Twist is still inflationary.
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By Félix Moreno de la Cova |
June 25, 2012
The constant talk about gold’s lack of yield, which in many analysts’ opinion disqualifies it as a desirable asset, ignores the very important and extremely valuable function that gold performs as an independent and reliable store of value.
