Category Archive: 6) Gold and Austrian Economics

Fundamental Price of Gold Decouples Slightly – Precious Metals Supply and Demand

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Who Would Invest in a Gold Bond?

Berkshire Hathaway CEO Warren Buffet famously dismissed gold. “Gold has two significant shortcomings, being neither of much use nor procreative.” I have recently written about how a government with gold mining tax revenues can use gold. The benefits of issuing gold bonds include reducing risk, and getting out of debt at a discount. Pretty useful, eh?

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Wall Street – Island of the Blessed

Which Disturbance in the Farce can be Profitably Ignored Today? There has been some talk about submerging market turmoil recently and the term “contagion” has seen an unexpected revival in popularity – on Friday that is, which is an eternity ago. As we have pointed out previously, the action is no longer in line with the “synchronized global expansion” narrative, which means with respect to Wall Street that it is best ignored.

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Gold Sector – An Obscure Indicator Provides a Signal

The Goldminbi. In recent weeks gold apparently decided it would be a good time to masquerade as an emerging market currency and it started mirroring the Chinese yuan of all things. Since the latter is non-convertible this almost feels like an insult of sorts. As an aside to this, bitcoin seems to be frantically searching for a new position somewhere between the South African rand the Turkish lira.

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Monetary Consequence of Tariffs, Report 12 August 2018

Last week in Monetary Paradigm Reset, we talked about the challenge of explaining a new paradigm. We said: “The hard part of accepting this paradigm shift, was that people had to rethink their entire view of cosmology, theology, and philosophy. In the best case, people take time to grapple with these challenges to their idea of man’s place in the universe. Some never accept the new idea.” We were talking about the fact that money is the unit of...

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Two In-Depth Interviews

Keith had two more in-depth, ideaful interviews. Keith was interviewed on the Jason Stapleton Program. Keith had a lively discussion with Peter Bell and Mickey Fulp, the Mercenary Geologist.

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An Inquiry into Austrian Investing: Profits, Protection and Pitfalls

“From a marketing perspective it pays to be overconfident, especially in the short term. The higher your conviction the easier it will be to market your investment ideas. I think the Austrian School is at a disadvantage here because it’s more difficult to be confident about your qualitative predictions and even in terms of investment advice it is particularly difficult to be confident in these times because we don’t really have any historical...

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Jim Rogers and the World’s New Reserve Currency

Today we’re bringing you another clip from our upcoming Episode of the Goldnomics Podcast with the legendary investor and “Adventure Capitalist”, Jim Rogers. In this clip Jim tells us what he thinks about the long-term safe-haven status of the US dollar and what he sees as the future for the Euro currency.

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Gold—Even at its Lowest Levels in 2018—is Behaving Just as Prescribed

Gold’s sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion—that is, as an alternative to assets perceived as risky, like stocks. They’re betting that the opposite will be true as well, that gold will resume its role as protector and diversifier, even inflation hedge, when what they see as bloated price-to-earnings ratios, heavy debt-to-GDP ratios among major economies and...

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Monetary Paradigm Reset, Report 5 August 2018

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Gold to Enter New Bull Market – Charles Nenner

Gold to Enter New Bull Market – Charles Nenner. “Gold is going to enter a new bull market”. “The first cycle will bottom after the summer”. “$1,212 per ounce is our downside target”. “It’s going to top $2,500 per ounce . . . in about two years or so”. “Gold is in a bull market even though it came down from $1,900 per ounce”

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Separating Signal from Noise

Todd Horwitz is known as Bubba and is chief market strategist of  Bubba Trading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts a daily podcast, ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

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A Dire Warning, Report 29 July 2018

Let’s return to our ongoing series on the destruction of capital, and how to identify the signs. Steve Saville posted a thoughtful article this week entitled The “Productivity of Debt” Myth. His article provides a good opportunity to add some additional thoughts. We have written quite a lot on this topic. Indeed, we have a landing page for marginal productivity of debt (MPoD) with four articles so far.

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Valuing Gold In A World Awash With Dollars

In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed or even a foreign central bank. In the very short term, a tendency to moderate monetary policy might allow the gold price to recover from its recent battering.

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A Scramble for Capital

A Spike in Bank Lending to Corporations – Sign of a Dying Boom? As we have mentioned on several occasions in these pages, when a boom nears its end, one often sees a sudden scramble for capital. This happens when investors and companies that have invested in large-scale long-term projects in the higher stages of the production structure suddenly realize that capital may not be as plentiful as they have previously assumed.

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Physical Gold Is The “Best Defence” Against “Escalating Currency Wars”

Physical Gold Is The “Best Defence” Against “Escalating Currency Wars”. As governments around the world debase their currencies, you need an asset that can ride out the hard times. And nothing fits the bill like gold writes John Stepek of Money Week

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Crying Wolf – Precious Metals Supply and Demand

The price of gold fell another ten bucks and that of silver another 28 cents last week. Perspective: if you are waiting for the right moment to buy, the market is offering you a better deal than it did last week (literally, the market price of gold is at a 7.2% discount to the fundamental price vs. 4.6% last week). If you wanted to sell, this wasn’t a good week to wait. Which is your intention, and why?

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Crying Wolf, Report 22 July 2018

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Solutions without Historical Templates: Cryptocurrencies and Blockchains

Crypto-blockchain technologies are leveraging the potential of computers and the web for direct political-social innovation. We're accustomed to three basic templates for system-wide solutions or improvements: 1. an individual "builds a better mousetrap" and starts a company to exploit this competitive advantage;

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Getting Their Pound of Flesh – Precious Metals Supply and Demand

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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