Investor: CASE FOR GOLD
The Gold Market In our view, the next leg up in the gold price is imminent. The deflation scare we have been predicting is now in full bloom, right on schedule. The Keynesian inflationist economists are using this fear to gather support for an expansion of the Federal Reserve balance sheet in the form of further quantitative easing ("QE").
Monday, 9th August 2010
The Gold Market In our Shareholder Reports, we have been saying for a decade that the price of gold is inversely related to investor confidence in paper assets - fiat currencies, stocks and bonds. As confidence in these paper claims declines, the relative value of physical gold tends to rise.
Friday, 23rd April 2010
BASIC FACTS ABOUT GOLD There are about 5 billion ounces of above ground gold supply worth about USD 5 trillion at current prices. Perhaps half of this is in deliverable, investment-grade form.
Wednesday, 18th November 2009
The Gold Market In the past quarter, gold has performed unusually well in all major currencies, suggesting that a shift has taken place in investor sentiment. We believe the shift reflects the growing fact of inflation, not the kind that can be measured on the supermarket shelves [yet] but rather the inflation of money supply and liquidity that depreciates the perceived future value of fiat money... in other words, currency debasement.
Thursday, 12th November 2009
THE GOLD MARKET If you watch financial television, you know that a new consensus has developed…the recession is over and the world is about to return to normal. The stock market, corporate bonds and many commodities have soared in price. The banking system has stabilized and the threat of systemic collapse has receded into the far distance. Welcome to the scariest depression we never had. Fear has left us and greed is back.
Thursday, 13th August 2009
