QUESTION: Mr. Armstrong; I believe you said at the WEC in 2017 that central banks will diversify and increase their gold reserves going into the currency crisis coming in 2021. China has continued to increase its gold reserves. You would please update on that development. Thank you PK ANSWER: Central banks are in a very […]

COMMENT: I had to laugh your comment that the EU pretends to be a happy family but they are still nationalistic no matter what they say. The Dutch bid to buy Air France is just the tip of the iceberg as you say. Thank you HS REPLY: You are absolutely correct. The Dutch government’s bid to […]

ASIA: Jack ma, head of the Chinese giant Alibaba, was criticized today after stating that the 9am  to 9pm working day was “blessed” claiming it was the driving force of China today. In the Venezuela crises, China has been criticized for backing and bank rolling current unapproved President Maduro by US secretary of state Pompeo. […]

There has been a real crisis evolving in Berlin. When the Wall came crashing down, East Germany regarded that it owned all the property and thus sold vast tracts of apartments to major investors. Now 20 years later, the socialists are claiming this is not fair and the government should either buy the property back […]

Asia: The World Bank president stated today that there is too much debt in the world, and finger pointing has turned toward China for lending trillions of dollars to other countries. This of course does not factor in that much of its holding debt is issued from mature countries, such as the U.S. In the […]

Nigel Farage led the Ukip party to victory in the last EU elections in 2014. They won 24 MEPs and brough BREXIT to the forefront, however, Nigel split from Ukip when it turned a hard right. Seven MPs have followed Nigel and switched to the newly-formed Brexit Party after PM Theresa May refused to listen and turned […]

Asia: Chinese Vice President Liu backed by his delegation stated that a new consensus has been reached after yesterday’s meeting with President Trump. The two countries are still working toward a deal, but it appears as if progress has been made. Japanese bank Nomura stated that they will reduce the point of sales by at […]

QUESTION: Hi Martin– Thank you for your daily blog. I read it first thing each morning. Regarding the bank liquidity problems with the Eurozone banks: would it make sense to put assets in precious metals as a hedge against problems in the banking sector (i.e., getting capital out of the banks and into a safe […]

QUESTION: As of today, Basel III comes in effect. Rumour goes that in a couple of months, there will be a lot of turmoil on the market and it would be the start of the implementation of an SDR like thing where people would lose 20-30% of their value and get stuck with this new […]

QUESTION: I am a mega dollar bull – I totally get how it is the only game in town.  I’ve lived it too, having seen how the big banks work their balance sheets from the inside. However… occasionally people send me charts like the one below and get all excited.  They say we are de dollarizing […]