What Will Happen to Greece and Gold? Continue reading
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Gold
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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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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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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Ranson discusses tail risk and downside versus upside volatility; volatility versus vulnerability, co-variance and stand-alone; and nominal versus real risk. Continue reading
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Bartering appears to be the way of the future in trying to avoid U.S. sanctions. China began doing so by trading its produce with Iran’s for its petroleum but how far can this go? Continue reading
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The US is in trouble: The dollar is weak; unemployment is at Depression-era levels; 46 million Americans are on food stamps; 2.6 million people slipped into poverty last year for a total of 46.2 million, a 52-year high; housing prices continue to fall; foreclosures continue to rise; gasoline prices are soaring; corporations are not hiring, opting instead to hoard $1.7 trillion in cash that would otherwise go to capital investment, expansion and new hires. Continue reading
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Nielson discusses how to recognize when the next precious metals rally will occur, not to facilitate placing bets beforehand but rather to prepare so that investors won’t do something stupid in a moment of panic… Continue reading
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The above chart shows the dramatic reversal from Central Banks being net sellers to net buyers in 2011. Prior to 2002 Central Bank sales had been a major contributing factor in the declining gold price. Continue reading
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Utah has signed the House Bill 157 Currency Amendment recognizing gold and silver as money and legal for use in trade… also exempt from capital gains. Continue reading
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“Mayan prophecies aside, many of the senior Casey Research staff believe that economic, monetary, and fiscal pressures could come to a head this year. The massive buildup of global debt, continued reckless deficit spending, and the lack of sound political leadership to reverse either trend point to a potentially ugly tipping point. What happens to our investments if we enter another recession or – gulp – a depression? Continue reading
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The mainstream media is convinced that gold is in a bubble, and the power elite wants to discourage ownership of precious metals. Thus, the financial industry has a bias toward paper instruments. Continue reading
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