Showing 4791 Results for gold
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Showing 4791 Results for gold
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August 24, 2013
QUESTION: Dear Martin, Thanks for the education, I read every article you post. As a European ex-pat long based in S.E. Asia, I agree that Switzerland is probably one of the safest places to store wealth. However recently, the Swiss enacted a Bail-in law, whats more my 200+ yr old Swiss bank plans to change its […]
August 24, 2013
COMMENT: “You go on and on, in article after article, saying money is not tangible and never has been. Then, you say in some kind of Mad Max world, gold will be worthless — Rice/food will be money! Rice is not tangible????? Your ideas may be good, but your explanations are convoluted, contradictory and often incoherent. JC” […]
August 24, 2013
Moodys has implied that they may downgrade the big banks stocks including Goldman Sachs and J.P. Morgan. The reason for this is what I have been reporting that the Fed has informed the bankers they will not be bailing them out for proprietary trading. In addition, the bank spread between what they have been paying […]
August 23, 2013
Gold has rallied up to almost the 1399 level. We do have closing resistance at 1397.90 today and today would appear to be a high if it closes back below 1388.50. The key resistance is still at the 1421-1424 level and support lies at 1372.10 right now. A weekly closing back below 1336 will signal […]
August 22, 2013
QUESTION: You compare gold and the Dow in 1980 and today. Are you saying stocks are better or are you referring to the difference in timing? ANSWER: There are cyclical periods for each and every aspect of investment. I talk about the gold promoters because they mislead people and tell them only gold will survive. […]
August 22, 2013
QUESTION: Why do you still advise the billionaires? ANSWER: There is good and bad in every group. I seriously doubt that the NY Investment Bankers will sign up for anything under their name at least. The NY crowd has preyed upon pension funds and governments to say the least. They created the mortgage back scandal, […]
August 21, 2013
The collapse in the Indian rupee illustrates the difference in thinking between government and the people. While India’s central bank has said that it will inject 80bn rupees ($1.3bn; £806m) into the country’s banking system by buying long-term government bonds trying to stimulate and secure the economy, there is another aspect they fail to grasp […]
August 19, 2013
India’s biggest two-day stock market slide since 2009, surging bond yields and a plunge in the rupee to a record low are pressuring officials for fresh steps to stem capital outflows and support the economy, one reason behind the 10% tax on gold. Then there is the analysis of China conducted by the Economist that […]
August 18, 2013
COMMENT: “Money will no longer be tangible? Declaring that the tangibility of money is dead will not make it so. Goods will always be tangible and must be traded, bought, sold in with some kind of accepted tangible commodity — be it seashells, beads, or gold and silver. As you mentioned, paper money, when accepted, was […]
August 16, 2013
U.S. stocks had the biggest one-day percentage drop since late June yesterday in a higher-than-average trading volume after poor results and outlooks from Dow components Wal-Mart and Cisco. Wal-Mart earnings were $1.24 compared to $1.25 expected. So we are not looking at a dramatic impact. Nevertheless, when the cycle points down, even good news is […]