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Deutsche Bank’s Lewis: Gold, Agriculture, Are “Safest Long Positions” Bloomberg – Michael Lewis, Deutsche Bank’s Global Head of Commodities Research, reports that gold and other commodities are “still cheap” and that gold’s recent rally, while record-breaking, is “not yet extreme.” Demand from emerging markets remains strong for all commodities. Lewis noted that gold is below […]
By Peter Schiff From World War II until very recently, the West – specifically Europe and the United States – was on a course for greater centralization, greater integration, and greater economic intervention. But this consensus is breaking down. In Europe, the euro has gone from steadily adding new members to now facing the prospect […]
By Jeff Nielson While watching a little television the other night, I was once again confronted by my biggest pet peeve: investment professionals who confuse risk and volatility. In this case, the offender was a TV commercial heralding the supposed virtues of an annuity with a “guaranteed rate of return.” The suggestion is that such […]
I’ve told more than one concerned investor that when the gold price falls, they should “come back in three months” and see if they’re still worried. The idea is that the daily and monthly gyrations are nothing to fret over, that the price will recover and, in time, fetch new highs. That advice has worked […]
It’s not just the bait and switch scams you have to watch out for; scams can be even scummier than you can imagine. This particular scam cost individuals tens of thousands as Global Bullion Exchange owner Jamie Campany mislead his over 1400 clients to invest in gold “accounts” that would never actually hold the bullion. […]
Criminal Charges Leveled Against Goldline Execs ABC News – The Santa Monica City Attorney’s office has leveled fraud and theft charges against executives at Goldline, the prominent California gold dealer, in a 19-count criminal complaint. At its core, the complaint argues Goldline persuaded customers interested in buying gold bullion to instead buy numismatic coins worth […]
The Austin-based gold dealer US Money Reserve, Inc., has agreed to pay out $5 million to customers who consider themselves victims of wrong-doing by the gold dealers’ sales practices. However, the dealers claim that they, in fact, have done nothing wrong, but are working in compliance with the Texas Deceptive Trade Practices Act. Just protocol […]
With fiscal time bombs ticking in both Europe and the United States, the pertinent question for now seems to be which will explode first. For much of the past few months, it looked as if Europe was set to blow. But Angela Merkel’s refusal to support a Federal Reserve-style bailout of European sovereigns, as well […]
When you first venture out to purchase your gold or silver the choices will be plentiful and so will the advice. You’ll face the options like: squares or circles, shiny or dull, and government issued or good ol’ minted bullion. It can become overwhelming and even confusing deciding whether junk or .999 rounds are the […]
By Peter Schiff I think I know some lab mice that have received less examination than the 2012 Republican primary candidates. It seems with each passing cycle, the campaigning starts earlier, there are more debates, and the media frenzy gets more intense. Yet, with all the pyrotechnics and pageantry, it becomes difficult to figure out […]
