Sunday, 11 April 2021

Richard Werner with Danielle DiMartino Booth - Money Creation & Inflationary Outcomes 2020 vs 2008

Leading thinker on the creation of 'Money' 

Long interview, at the close of the interview discusses policies leading to inflationary / hyperinflationary outcomes since 2020


Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan

Can banks individually create money out of nothing? — The theories and the empirical evidence

Janet Yellen - Profound Impacts

 "As I prepare to meet with my colleagues from around the world this week at the IMF and World Bank Spring Meetings, I find myself thinking back to the policymakers who gathered in Bretton Woods a year before I was born to define our post-war order. Though it was a different time, I empathize with the enormous weight they faced; the pressure to come together after a global catastrophe in building an enduring and interconnected system aimed at promoting peace and prosperity throughout the world. Our current juncture is no less significant—what we do in the coming months and years will have profound impacts on the trajectory of our country and on the global economic order."

Sunday, 18 October 2020

The Endgame Podcasts - Grant Williams & Bill Fleckenstein

A number of Interviews including Felix Zulauf, Marc Faber, Edward Chancellor, Lacy Hunt, Russell Napier, Jim Grant, Mike Green,

Sunday, 7 June 2020

In Gold we Trust - 2020

Latest in Gold We Trust Report


"So the question arises whether gold will not increasingly take on the role of Treasuries as the most liquid safe-haven asset."

Saturday, 7 September 2019

How to Ride the Gold & Silver Bull - Rick Rule - Brien Lundin - Peak Prosperity Chris Martenson

Discussion of drivers and tactics for the Precious Metals Bullmarket

Ray Dalio - The Three Big Issues and the 1930's Analogue

More from Dalio - HERE
The most important forces that now exist are: 
1) The End of the Long-Term Debt Cycle (When Central Banks Are No Longer Effective) 
+2) The Large Wealth Gap and Political Polarity 
+3) A Rising World Power Challenging an Existing World Power 
= The Bond Blow-Off, Rising Gold Prices, and the Late 1930s Analogue

Sunday, 25 August 2019

Negative Yielding Bonds vs Gold

Sprott Chart HERE

The Problems of US Dollar Reserve Currency - Mark Carney at Jackson Hole. Dollar's Exorbitant Privilege Coming to an End - JP Morgan

One of the elite Central Bankers, and Goldman Alumni on the problems of US Dollar as Reserve Currency. 
The ultimate devaluation of Fiat Currencies should be against Gold.

BoE Carney Paper HERE
Discussions HERE and HERE

JP Morgan advising clients to prepare for Dollar devaluation by holding 5% in Gold.
5% Holding HERE
JPM on USD Exorbitant Privilege HERE

Saturday, 20 July 2019

Ray Dalio - Paradigm Shifts and Gold

"Most people now believe the best “risky investments” will continue to be equity and equity-like investments, such as leveraged private equity, leveraged real estate, and venture capital, and this is especially true when central banks are reflating. As a result, the world is leveraged long, holding assets that have low real and nominal expected returns that are also providing historically low returns relative to cash returns (because of the enormous amount of money that has been pumped into the hands of investors by central banks and because of other economic forces that are making companies flush with cash). I think these are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold. Additionally, for reasons I will explain in the near future, most investors are underweighted in such assets, meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. I will soon send out an explanation of why I believe that gold is an effective portfolio diversifier." 

Saturday, 22 June 2019

Gold Breakout

Charlie Morris at Atlas Pulse - HERE

Correlations of gold price to real rates and matrix gold price against rates and inflation.

and gold vs investment flows

Gold as % if investable assets
"Gold ETF holdings used to represent 1% of US equity market cap in 2011, a number which has dropped to 0.3%. That is gold used to be equivalend weight as Exxon, a global giant, has now dropped to Starbucks. Gold doesn’t seem like a crowded trade to me."

Sunday, 18 November 2018

Gold Remonetisation - Basel III - Gold as Tier 1 Asset at 100% Valuation

I have seen little public commentary on the Basel III changes, but this seems to set the stage for serious flows into Physical Gold by financial institutions.

....under Basel III, monetary gold now qualifies as a Tier 1 asset, and is 100% valued for the purposes of banking viability. Another point to consider is that SIFIs are now required to quadruple their reserves when compared to the previous minimum requirements before the banking crisis. Essentially, monetary gold is now considered risk free. This significant development remains relatively unknown – for now......The Basel Committee on Banking Standards (BCBS) scrapped the old Basel II framework and put in place a plan that will be fully realized by all SIFIs by 2019.......February 2018 marked a major turning point for gold – monetary gold to be more specific – when the Swiss National Pension Fund switched out of synthetic gold derivatives into physical gold. Monetary gold is defined, in the new Basel III banking capital rules, as “physical gold held in their own vaults or in trust.” The Swiss decision complied with the new banking standards regarding capital adequacy as it relates to solvency and viability. All Systemically Important Financial Institutions (SIFI) must comply with the new rules for Net Stable Funding Ratio (NSF) and Liquidity by January 2019. Lessons learned from the last liquidity crisis, when Lehman Brothers nearly caused a global financial meltdown, forced a rethink in how assets held on an institution’s balance sheet are to be valued. Counter-party risk became extremely important again. In short, when trust between SIFIs fails, liquidity dries up as lending ceases due to solvency fears. The need for liquidity was a key change in the creation of the new standards, and it shone a spotlight on an asset that had largely been ignored for this purpose – physical gold.
Since the financial crisis government bonds have served to recapitalise the banks. As QE reduced interest rates the value of bonds increased.

If we have reached a point where interest rates increase, through distrust of government debt and bonds, this banking capital value will decrease.

Could banking flows into gold drive increased prices and  become an essential counter-weight to decreasing bond values, and capital, for the banks?

Saturday, 19 May 2018

US Targets Domestic Supply Boost for 35 Key Minerals - Executive Order 13817

Story here 
The Trump administration wants to identify new domestic sources of critical minerals; increase domestic exploration, mining and recycling; give miners and producers electronic access to better mapping and geological data; and streamline leasing and permitting for new mines

Details HERE

list of 35 critical minerals. The final list includes: Aluminum (bauxite), antimony, arsenic, barite, beryllium, bismuth, cesium, chromium, cobalt, fluorspar, gallium, germanium, graphite (natural), hafnium, helium, indium, lithium, magnesium, manganese, niobium, platinum group metals, potash, the rare earth elements group, rhenium, rubidium, scandium, strontium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium, and zirconium

Wednesday, 14 March 2018

Monday, 12 March 2018

Gold Based Crypto

Long list emerging HERE

Including the Sprott Backed Tradewind

"Gold-focused money manager Sprott owns approximately 20 percent of TradeWind and plans to use the platform as a dealer, but said it’s too soon to say whether it will migrate its physical gold trust onto the platform. Chief Executive Officer Peter Grosskopf called the digitization of gold trading “the most important thing to happen to the gold market in the last several decades.”
“Gold has always been criticized as being an inefficient product, a lazy product, a product that’s hard to transact with,” Grosskopf said in a phone interview. “It’s almost as though the blockchain were invented for gold. The marriage of the two, I think it’s going to be incredibly powerful.”
Grosskopf said he sees a day where gold is used as a form of digital cash, supplanting cryptocurrencies and opening up a “completely new user base.”
“It’s a market that’s many hundred times as large as cryptocurrency markets and once it’s fast and it’s secure, why would anyone use crypto?” Grosskopf said. “Every year since the 1970s gold has lost market share to financial assets and I think this gives it a chance to come back against those financial assets.”

Wednesday, 28 February 2018

Friday, 23 February 2018

Wednesday, 21 February 2018

Peter Brandt on Gold

"My bias is that Gold will rip through resistance to commence a new bull trend"

Fred Hickey on the Opportunity in Gold Miners

"So, we have this huge disconnect between the price of gold and the margins of the miners -- which are doing very well because they had to keep their costs low -- and the price of the stocks. Now, ultimately, that will get corrected. We saw the huge run in 2015, where gold went up 30% in the beginning of 2016 and the miners went up 180%. And we saw that in 2000, when gold went up quite a bit, and the miners went up 1600%. That’s 17 times the average. We saw that in the 1970s coming out of the bear market there. We saw that on the big net buyers went up at least 10 times, and some of them went up as much as 30 times. So, this happens regularly when the miners get depressed. They get out of whack with the price of gold and margins, and then they slingshot higher. And that’s what I think we’re about to see.
We’re right there. I think there’s going to be enormous amounts of money entering this sector once again, just as we saw in early 2000s, just like we did coming out of 2015, the bottom, just as we did coming out of the 1970s mid-cycle correction. So, I’m pretty excited about it."

Article / Podcast