One must wonder how Vietnam, a country where gold investing between 2011-2012 accounted for over 3% of GDP, has handled the global dash for gold in recent weeks.
The country’s central bank and citizens hold more gold per capita than India and China, and they have been unable to benefit as we... read more
When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and thir... read more
$223.3 trillion: The total indebtedness of the world, including all parts of the public and private sectors, amounting to 313% of global gross domestic product.
Advanced economies tend to draw attention for their debt at the government and household levels. But emerging markets are gathering debt at an increasing pace to drive their economic development.
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India's economic boogeyman, the monthly trade deficit, continues to rear its ugly head, this and every time, driven be the country's insatiable desire for gold which is so powerful, the country took full advantage of the plunge in gold prices, and saw business imports of gold soar by 138% y/y in April, forcing the trade deficit to hit a 3 month high of $17.8 billion as more fi... read more
"Inflation is a state of affairs in which there is too much money," Jim Grant notes in this Bloomberg TV interview, however, "It's not too much money chasing too few goods," he corrects the misnomer, "the thing this money chases is variable." Whether it is Iowa farmland, housing, stocks, or bonds, central banks are stuffing us with it. Yes, equities are high, but Grant explain... read more
Japan's yen weakened to 100 per U.S. dollar Thursday for the first time in four years. This was a critical market level, both psychologically and technically, as investors watch to see if "Abenomics" – the policies unveiled by Prime Minister Abe last fall – can finally overcome years of deflation and lackluster growth.
Monetary policy is the cornerstone of Abenomics. Unde... read more
Earth shattering monetary stimulus from theBank of Japan, a threat to the safety of European deposits (courtesy of the Cyprus bailout), weeks of fretting over U.S. spending cuts - 2013 has given financial market participants an awful lot to digest so far.
This probably explains why perhaps the most signific... read more
From Jim Sinclair:
The emancipation of physical gold from paper gold is at hand. What the gold Banks have done is so stupid that it might not be stupid. The hammer of the gold banks in showing us all that they are the boss they have executed themselves in the form of waking the sleeping elephant of physical gold dem... read more
LONDON (MINEWEB) -
Star Trek’s fictional Mr Spock would have had huge difficulty understanding the recent movements in the gold price. For those unfamiliar with the long running TV series and a number of subsequent films, Spock was from the planet Vulcan whose inhabitants eschewed emotion in favour of logic – and there certainly is little logical about the recent path of th... read more
