Tag Archive: Thoughts

Sound money: A Biblical perspective – Part I

2019-04-03

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2019-04-03

Money and Gold
In today’s world, it is obvious that the competition of ideas is under serious threat and with it, the much-needed discussions on how to deal with certain topics or try to understand the world we live in. That is particularly worrying, especially when one considers that the western world went through the process of Enlightenment roughly 200 years ago. In the words of Immanuel Kant:

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Merger mania: Consolidation in the gold mining sector

2019-03-27

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2019-03-27

Metal Mergers 2008-2018
Late last year, Barrick Gold, the world’s largest gold miner in terms of reserves, made headlines when it announced its acquisition of Randgold Resources, in an $18bn mega-merger that marked a key moment for the mining industry. In January, United States gold giant Newmont and principal rival of Barrick, made public its own plans to buy Canada’s Goldcorp, the world’s third-largest bullion producer by market value, for $10 billion.

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ECB: running out of runway – Part I

2019-02-27

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2019-02-27

Euro-area Industrial Weakness, 2010 - 2019
At the end of January, only a month after the official end of the QE program of the European Central Bank (ECB), its President Mario Draghi told the European Parliament’s committee that the central bank could resume its bond purchasing, in a questionable effort to assuage concerns over the impact of the policy change.

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Venezuela: when fiat money reaches its intrinsic value

2018-12-06

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2018-12-06

Hyperinflation Spiral, 2006-2018
Over the last years, Venezuela has become a modern poster child for the failure of socialism and with good reason. It offers an abundance of lessons and stern warnings for many western nations, but it also provides a very insightful and relevant reminder for individual investors too.

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