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By Jeff Clark from Casey Research While I don’t like making price predictions, and certainly ones accompanied by a specific date, it’s hard to ignore the correlation between the US monetary base and the gold price. That correlation says we’ll see $2,300 gold by January 2014. There are plenty of long-term charts that show a […]
China’s Currency Rises in US Backyard Financial Times – Two scholars from the Peterson Institute of International Economics write: “Would-be US leaders would do well to note that for probably the first time since the Second World War the dollar bloc in East Asia has been displaced. In its wake a currency bloc based on China’s renminbi is emerging.” Seven out […]
Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15. Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold Interested in learning about […]
Bridgewater’s Dalio Likes Gold, Breaks From Buffett Forbes – Ray Dalio, manager of one of the world’s most profitable hedge funds – the $120 billion Bridgewater Associates – likes gold, sees it as a useful inflation hedge, and thinks it belongs in any well-diversified portfolio. For Dalio, gold is “the alternative money.” Concerning Warren Buffett’s […]
While not nearly as common as overpriced numismatics, every now and then the precious metals investor will come across the opportunity to purchase natural gold nuggets. While they may be appealing at first glance, these opportunities are just another distraction from the real purpose of investing in precious metals: as a long-term, liquid store of […]
News from earlier this month is still circulating about a newly discovered bacterium that…how do we put this…“excretes” gold under the right conditions. That’s right—when forced into a toxic environment saturated with gold chloride, Cupriavidus metallidurans will essentially eat up the toxins of gold chloride and leave behind pure, 24K nuggets. Gold skeptics and scaremongers […]
By Peter Schiff A month ago, I presented the case for why Fed Chairman Bernanke would have strong motivation to launch another round of quantitative easing (QE) before the election. In short, it would save him his job. Now, I didn’t predict with certainty that he would do so – only the few men at […]
By Jeff Clark from Casey Research In early July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. It’s widely expected that the premium will ignite the use of solar power – […]
Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15. Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold Interested in learning about […]
By Peter Schiff This past Friday, as Fed Chairman Ben Bernanke delivered his annual address from Jackson Hole – the State of the Dollar, if you will – I couldn’t help but hear it as an incumbent’s campaign speech. While Wall Street was hoping for some concrete announcement, what we got was a mushy appraisal […]
