Is there gold in Fort Knox? That question is completely irrelevant. Why? Will it really make a difference? The stories of no gold in the vault are just spun by people so desperate to support a gold bull market it is just crazy. I was given a tour of the NY Fed years ago and […]

Many academics are truly amazing. They talk in circles, assume they are far above everyone else, and thus pontificate from the Ivory Tower without ever stepping foot out the door. There is a growing  consensus that deficits no longer matter. WHY? Because they cannot explain how government has run persistent deficits yet nothing has happened. Therefore, […]

Apple sells $17 billion in bonds in record deal on Tuesday to initiate dividends and to buy-back shares because the stock has crashed. Buying stock is an investment. When companies buy back shares to placate investors, historically it is the beginning of the end. Many companies did that during the early days of the Great […]

I am not exaggerating what is going on and how uninformed the politicians are because they do not “represent” the people and are certainly not from our ranks. They are a professional class that see themselves on top of the Great Unwashed looking down upon us all. This is the very same attitudes of monarchy […]

QUESTION: I read your metals report. This is really a great read. It is deflation that destroys empires by sucking in all assets like a black hole eats star systems. I am correct? ANSWER: Yes! The hyperinflationists only look at Germany and Zimbabwe and assume if you print enough money that is where you go. […]

The Gold Stocks have fallen from grace fairly hard. This is what is actually necessary for the rally to continue into the 2017 to 2020 area. Supply must be reduced. As marginal mines shut down or slow production, this helps to reduce future supply. It will take a steady rise in prices to new highs […]

People should know what is really going on in technology. Windows 8 did more than remove the Start Menu, they replaced it with the Start Screen, which reports to Microsoft EVERY program you install. They claim this is to protect you from an attack. Granted, Microsoft is not the Dark Lord and would not perhaps […]

QUESTION: “I would be interested in your answers to the following: 1. Why do diamonds not have a futures market? 2. What do you think would happen to the price of gold if there was no gold futures market? 3. Who do you think bought all the gold contracts that were recently sold?“ ANSWER: The […]

QUESTION: If the dollar rises, does that not mandate a gold decline or can they rally together? ANSWER: Although everything is cast in this world as some sort of direct cause and effect, that is our problem associated with linear thinking since it just does not work that way.The world is really dynamic and that […]

QUESTION: “You wrote ‘Some central banks appear poised to sell gold to raise money given they have no intent to return to a gold standard.’ Which ones are the sellers and the buyers?” ANSWER: Those who are thinking about selling are the ones in financial trouble. This is being discussed among Euro members. Germany is not […]