Knowing how governments will respond to deflation, the case for inflation-proof gold looks increasingly clear to cautious wealth... Useless for pretty much everything except storing wealth (its economic value is social, not industrial), gold acts as inflation-proof money when investors need it most — right in the middle of an ...read more

With or without hyperinflation, today’s welfare-state obligations — just like 1919’s war reparations — are simply too big to be paid... The Eurozone’s problem? In short, it’s history...precisely what the single currency was supposed to neuter, of course. Greece’s still-pending €110bn bail-out has already cost three lives in Athens’ riots yesterday. ...read more

Wanted to buy China’s growth story but didn’t know how...? The WORLD GOLD COUNCIL’S excellent new 74-page report on Chinese gold demand – Gold in the Year of the Tiger – contains many graphics, tables and charts. Time-pressed investors should focus on just two... “Gold has a low-to-negative correlation with mainstream financial assets,” ...read more

What shall we do with those people deprived of work by wealth and technology...? How to fill the days, hours and minutes? It’s now seven decades since John Maynard Keynes peered into the future and declared that, one day, trying to scratch a living would cease being “the permanent problem of ...read more

"Just allow it...just admit it. It doesn't matter where the inflation comes from. Just let it stay..." SLASHING the Bank of England's base interest rate to an historic low of 0.5% was supposed to "rebalance" the economy...tipping it away from galloping consumption towards an export-led recovery. But all that the Pound's slump ...read more

So, who gets to play Lehmans in this comedic repeat...? Isn’t Greece marvellous? Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s’ Hong Kong. But public spending, however, accounts for 40% of GDP. So who financed that spending if ...read more

Gold is now more closely correlated with US stocks than with either the Euro or silver... Okay, this is getting weird. Too weird, in fact. And weirder still, no one else has yet noticed... It might just be me...if not my nicotine D-T’s. But every time I look, there they are. Gold and the ...read more

Gold up, Dollar down...? Not entirely... So the last decade of rising gold prices simply mirrored the US Dollar’s steady decline. Right…? Well, no actually as I have repeatedly noted...and never less than when clutching a whisky and ginger this past Yuletide...typically to a fast-emptying room. Gold's tripling-and-more since Tues 4th Jan. 2000 ...read more

Just imagine – two things you think can't possibly happen together suddenly happen together. Say like Coca Cola re-launches New Coke, but people actually like it. Would that mean the laws of physics had been repealed? Or would you need to change what you think...? "Gold and bonds do not usually go ...read more

"The transcending value seen in the Dollar has lost its foundation..." A short series of secret memos, published and dissected at ZeroHedge, provide the "smoking gun" of gold-market manipulation. Apparently. And given this little slew of dusty archive-digging – throwing up three documents from 1968 to 1975, each one declassified within thirty ...read more