QUESTION: Why was the confiscation of gold by FDR in 1933 a good thing? ED ANSWER: What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions in 1933 were not directed simply at gold. This was the end of austerity, which is what was creating the serious economic depression. So, you must separate gold and […]

Despite the greatest political crisis in Europe, there has been “no love for gold” according to CNBC. Indeed, this crisis does in fact warn that all the theories about gold just might be wrong and are remnants of a 60+ generation who remembers Bretton Woods. Has time and circumstance changed so much that gold is becoming obsolete? […]

Gold has jumped back above $1200 as short positions were building up by hedge funds with no follow through just yet. The pop is on the idea that the Fed will be raising rates slower than feared. This is the typical brain-dead analysis, for anyone who bother to simply do a correlation of interest rates […]

Some people have misread my posting on an observation in Spain. The retail sale of gold coins was virtually nonexistent in Spain. This is not a shortage of gold. In Italy, bullion coins were being sold in stores. It is France that is after gold coins, demanding no cash sales and reporting on buyers and […]

QUESTION: Hi Marty, if they eliminate cash – how would that affect 3rd world countries? Wouldn’t that add a huge dose of salt on that part of the wounded world? Also would we be back to Silver as the payment that the Tax man does not get? Ala Hunt brothers who bought it when Gold […]

COMMENT: Martin, It has been a long time since ….. has sent out a blog post, but I got one today. When Mr. …. probably first started slamming you for calling the 2011 gold top, his …. was 7.82.  It is now 28 cents, and he is still touting gold as the only real asset and debt as […]

QUESTION: Hi Marty, if they eliminate cash – how would that affect 3rd world countries? Wouldn’t that add a huge dose of salt on that part of the wounded world? Also would we be back to Silver as the payment that the Tax man does not get? Ala Hunt brothers who bought it when Gold […]

COMMENT: Marty, I just got back from Madrid. I looked around for a place that sold gold. I could not find one. This is indeed very curious. Cheers LW REPLY: There is a growing trend to regulate gold coin sales to the public. In France, you cannot pay in cash; everything must be reported. The […]

Gold broke to new recent lows in euros, with critical support forming at the 1010 level as deflation continues to crush the economy. The largest ETF fund used to be gold, but now with over $900 million in liquidations in May, the fund fell out of the top 10. So far, so good. It appears we are […]

  John Noyce, 36, Goldman’s top foreign exchange analyst is dead. No details were given at the time of his death, but recent reports claim he succumbed to cancer. Speculation is running wild given the recent fines for manipulating foreign exchange by banks. Any connection is still speculation. The rumor under the breath in circles concerns […]