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Commentaries

Two Dominant Investment Themes and the Metals Required for Each

Historically, gold thrives when global economic conditions get worse. Investors are likely to favor gold as it provides a buffer against the possibility of a US recession this year, according to strategists at JPMorgan Chase.

Exiting the Dollar. Central Banks Plus Rank and File Villagers

The global financial system is fragile and could collapse anytime due to excessive debt, derivatives, and artificially low-interest rates followed by the insane pace of recent hikes in too short of time. 

Did Argentina Just De-Dollarize?

Argentina announces its plan to use Yuan to pay for imports as pundits fear de-dollarization. We address why the headline doesn’t match reality and what a beneficial de-dollarization would look like.

Holding Gold Is Like Holding a Wildcard

Precious metals offer additional advantages over other tangible assets in that it is easy to physically store significant value, ownership can remain private, and they are portable.

Fed Up Yet?

You would think the Fed wanted housing to become as overpriced as possible, having supported the market with $2.575 trillion in purchases of mortgaged back securities on its balance sheet to keep those securities flowing through with very low yields.

Bonds Bulls Seemed Just as Crazy in 1981

I have been telling the story of my experience leading up to the all-time high in long-term Treasury bond rates that occurred in late 1981. 30-year Treasury bond yields peaked at 15.25%..

Why the Government Debt Crisis Will Blow up before we Even Get to Default

The Fed’s fight has become much more complex this month. Inflation is fighting back harder all of a sudden, while the US debt ceiling is putting bond markets and banks at considerable extra risk..

Exiting the Dollar. Central Banks Plus Rank and File Villagers

The general consensus among our faculty and in much of my reading is a fiscal crisis is brewing that the monetary policy side will exacerbate and politics make more volatile.

Inflation Bugs Puking for the Wrong Reasons After April PPI Report

The April PPI report continues the disinflationary theme.

How Might Gold Price Suppression Policy End?

I want to concentrate on documents that show that C. Bank policy toward gold is changing profoundly -- moving away from price suppression and toward renewed acceptance..

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