This week, we had a reminder that the “Artificial” part may need more attention. AI-generated images of a large explosion at the Pentagon spread online and caused a brief stock market dip.
So, the default scare is bringing trouble, no matter what, because our leaders are acting recklessly when so many pieces are ready to fall. Brinksmanship with the debt or even constant threats..
Economists from the Moneterist School to popular writer Thomas Piketty have all attempted to use equations to predict economic outcomes. Here is the only macro equation that you need to understand what’s happening now.
We are in the midst of a system bank run, which are in the greater sense really a bank run on the United States of America, the issuer of the reserve currency of the world.
Unlike debt-based fiat currency, gold isn’t an IOU. It doesn’t have an issuer and cannot be issued in whatever quantity is convenient for debtors. It is honest money.
We’ve seen enormous technological change in the last 70 years. The next 50 years will bring several multiples of it. Some will surprise us—technologies so revolutionary we can’t presently imagine them.
This is part one of a series on COMEX gold futures contracts, for those interested to reach a proper understanding on this section of the gold market. In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.
First let me get this in print up front; the gold price (like most/all markets) is manipulated in different ways. It can be talked down, it can be subject to paper buying/selling that does not bear resemblance to its street value and it can be..
The banking sector problems are still unfolding. There are still banks that are struggling to meet deposit demand as higher yields lower the value of a bank’s assets.
In many metal markets, the West’s reluctance to mine has been China’s gain. During the 2000s, metals were much more readily available than they are currently, and China was there, ready to sign offtake agreements and lock up..
