-
By James Turk |
January 9, 2013
For the twelfth year in a row, the gold price in terms of US dollars rose in 2012. Gold climbed 7.0%, so an arithmetic average of its annual rate of appreciation for the last 12 years when measured in US dollars is 16.8%.
-
By James Turk |
December 17, 2012
There are many reasons to own physical gold. They arise from the financial and monetary uncertainty impacting investors around the globe. But do you also want to own the shares of gold mining companies? Two things need to be considered to answer this question.
-
By James Turk |
November 20, 2012
There are some silly notions prevailing about gold. When taken together, these conventional wisdoms demonstrate that gold is still very much misunderstood. That is sad, but also good in a way. It presents an opportunity for those people who understand gold.
-
By James Turk |
November 12, 2012
Throughout history many fortunes have been made and lost in real estate. Luck has of course played a part in these outcomes, but the main reason for changing fortunes is the decisions that were made, whether good or bad.
-
By James Turk |
October 2, 2012
Gold is good value because it is not over-priced, a conclusion that can be reached by simply considering supply and demand. Even though the gold price has been rising this past decade, the supply of national currencies is being created much faster than the supply of gold.
-
By James Turk |
September 18, 2012
The US is confronting a structural problem. It is not a cyclical one that will go away with improved economic activity. Importantly, the failure to address this problem will eventually lead to hyperinflation and the destruction of the dollar.
-
By James Turk |
August 9, 2012
Absent a 180-degree about-face in thinking and government policy, the euro will end up in the fiat currency graveyard. It will go the way of every other currency in which politics were considered more important than free markets.
-
By James Turk |
July 10, 2012
The bailouts have not worked. Good money was thrown after bad. We are now seeing the unintended consequences. In this environment of financial uncertainty, each person needs physical gold now more than ever. It is the world’s safe-haven currency.
-
By James Turk |
July 3, 2012
Whether it could not be located due to bad recordkeeping by the Federal Reserve or because the gold was not in the vault is not as significant as the nonchalant response to what is astonishingly called an “amusing incident.”
-
By James Turk |
June 18, 2012
Given the prevailing poor economic conditions and gold deflation, we are in what might be called a Kondratieff Winter, but to be more accurate, I prefer to call our present circumstances a “Fiat Currency Bubble.”
