QUESTION: You mention the following comment recently. ”I am very concerned about are precious metals even going to be viable. Will this confiscation of wealth turn to those assets as well?”  Could you expand on this please. ANSWER: This is merely my personal observation. India has virtually stopped the buying of gold there driving it underground. Many are […]

The Fed’s quantitative easing (QE) or asset purchase program, has managed to cause the Fed’s balance sheet to explode from under $1 trillion pre-crisis to an all-time high of $3.48 trillion. While this $2.48 trillion increase has sent people ranting about hyperinflation that has been just absurd. They fail to grasp the fact that there has […]

QUESTION: It seems some of the very people who use to interview you now suddenly pretend to be world analysts covering all markets. Everyone tries to mimic you yet ignore you. If people like this will not comprehend what you are doing, are they merely making the future much worse with their cheap imitation of […]

QUESTION: Why is it that the gold press now refuse to ever interview you? It really seems to show that what they say is totally untrustworthy when they refuse to interview anyone who disagrees with them. You are the only analyst who said gold would drop to $1,000 when it was at least $1,800. They […]

The commodity hedge funds are simply collapsing. This is one reason why you will also see the low in gold unfold. With all the ranting, screaming, claims of hyperinflation, threats of investigations, and prognostications that the dollar will end, not only has gold declined, but the appetite for investing in commodities in general. Clive Capital, […]

The crisis we face in Pension is indicative of the entire problem with Socialism – it just does not work. What is unfolding now is quite simple. Pensions present a very tempting source of funds for cash-strapped governments who desperately need to fill in holes in their overall budgets, Governments have borrowed every year with no […]

COMMENT: “If the price of gold goes below $800, it will only be the comex paper price. At that price the demand for physical gold from Asia will be literally unlimited.” BM REPLY: The price of gold on COMEX is real no matter what people say for the physical price will still trade at that […]

The U.S. government began to shut down for the first time in 17 years early Today, after a bitterly divided Congress over Obamacare defunding failed to reach any agreement as expected. What must be stated openly is that the “New Deal” of Roosevelt has actually destroyed the very fabric that formed society that nobody wants to […]

Bureaucrats are the ones really behind the scenes that control the economic events. The idea that we actually have a democracy is truly just propaganda. A democracy is where you vote on each issue. Many states have such things in place at least partially as various propositions are submitted to the people in California. We […]

There is only one country that has bought massive long-term U.S. bonds in July and that was Japan. They bought the incredible amount of long-term bonds totaling $52 billion. Most other foreign governments have reduced their holdings of long-term U.S. bonds by $62.5 billion over the same period with Russia dumping $6 billion in July. This […]