The video below references Mr. Bass’ research, which identifies problem countries and the importance of their balance of trade. Continue reading
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BullionBuzz Articles
While Berkshire Hathaway has made some gains in dollar terms it has been in a significant downward trend in the number of gold ounces/share. When the most famous investor in the world can’t show any increase in real money for over a decade it is time to reconsider your portfolio allocation. Continue reading
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Einhorn writes a comprehensive piece on why too much of a good thing—like QE—can be destructive, and result in a sluggish rather than vibrant economy. Continue reading
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GoldCore comments on recent precious metals markets volatility, and Marc Faber’s comments regarding gold, Apple and bubbles. Continue reading
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“Civilized people don’t buy gold,” Berkshire Hathaway’s Charlie Munger told CNBC the other day. Echoing his partner, Warren Buffett, Munger said civilized people invest in productive businesses, adding, “Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939.” Continue reading
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In this article from May 6, 1948, Congressman Buffett stressed the relationship between money and freedom. He believed that, without a currency redeemable for gold, a person’s freedom to sustain themselves was dependent on the goodwill of politicians; that paper money systems generally collapse and result in economic chaos; and that the gold standard restricted government spending. He believed a gold standard was critical. Continue reading
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While Warren Buffett and Charlie Munger take advantage of every opportunity to criticize gold, they obviously haven’t looked at the comparative performance of gold vs. Berkshire Hathaway. Notwithstanding that Berkshire Hathaway had an impressive track record during the past equity bull market, this is no longer the case, as the chart above shows Continue reading
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Spain has been handed its second S&P credit downgrade for the year, and data shows an economy in free fall. Retail sales fell for the 21st consecutive month, while Q1 unemployment soared to 24.44% of the working population, up nearly 2% from December. Spain’s economy is in desperate straits. Continue reading
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Last year’s debate over raising the US federal debt ceiling eventually resulted in a deal that was supposed to keep the government funded through the 2012 elections; unfortunately, the US could wind up hitting the new debt ceiling at the height of the presidential campaign. There is talk of invoking ‘extraordinary measures’ to keep the government funded through November. Continue reading
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While the fundamentals for silver are strong, investor interest in precious metals has waned and some analysts are announcing end of the precious metals bull market. Continue reading
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Several countries have recently added to their gold reserves: Mexico (16.8 tonnes); Russia (16.5 tonnes); Turkey (11.5 tonnes); Kazakhstan (4.3 tonnes); Ukraine (1.2 tonnes); Tajikistan (0.4 tonne); Belarus (0.1 tonne); and the Czech Republic (0.1 tonne). Continue reading
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A U.S. dollar collapse is inevitable. It is not the $15 trillion in national debt that is the main concern. The $123 trillion in unfunded liabilities has sealed a coming dollar collapse and foreign countries have now stopped buying dollars and U.S. debts. Continue reading
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“Everyone wants to be optimistic about the economy, but when that optimism is based on bad data, it could
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Recently, the IMF has been arguing that a stronger global firewall is needed. Last weekend, it announced there are now firm commitments from member states to boost its lending power. This bigger firewall has been created because governments around the world are petrified the Eurozone could implode, sparking another ‘Lehman event.’ Continue reading
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Total Spanish banking loans are equal to 170% of Spanish GDP; troubled loans at cajas (Spanish savings banks) just hit an 18-year high; and cajas are drawing a record €316.3 billion from the ECB (up from €169.2 billion in February). Continue reading
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