Would $10,000 gold be so bad if it came with a sound monetary policy? Besides, where do analysts think the price is going if controls are not put on how many dollars the Fed creates? Many critics see the official US debt rising to $20 trillion by 2016 at the current rate of spending.
Recently a plethora of alternative names have been proposed and promoted for what were once known as the specialty or minor metals. These mostly obscure elements span the gamut from the lightest to the heaviest on the periodic table.
Dire threats are heard on the street today. I am not disputing the reality, that any of these events are real, but for each scenario you need to consider the right way to own metals. It is to these approaches and psychological sub-groups that this article speaks.
The precious metals marketplace is all abuzz about the 7,500 contract trade in gold on Monday. Gold fell $15 in the space of a minute. Speculative traders think the trade could have been a fat finger. Comex floor traders say otherwise.
The US dollar, the euro, the yen, all the world’s currencies, are being de-valued by the massive money creation that has taken place and that will continue to happen. Gold’s not really rising – it’s fiat currencies that are falling.
Since the Federal Reserve's creation in 1913 the dollar has lost more than 96% of its value. The greatest achievement of the Fed has been to transform America from being the world's foremost creditor nation to the world's largest debtor nation.
We hear a lot today about "imbalances" in the global economy. One of the biggest imbalances is that the monetary unit of international trade is issued by a single nation. Gold was giving a strong signal of this disequilibrium 40 years ago.
What the audit revealed was incredible: between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world's banks, corporations and governments by giving them US$16,000,000,000,000.00 - that's 16 trillion dollars.
Washington's debt ceiling squabble has seen the gold price breach $1,600. The standard explanation is that investors are scared and gold is a "safe haven" investment. But why are they scared? And why exactly are they fleeing to gold?
Thorium as nuclear fuel is clean and safe and offers significant advantages over uranium. The technology for several types of thorium reactors is proven but still must be developed on a commercial scale.