The Gold Price Is Fixed. So What?

market_rig

Source: Euro Pacific Precious Metals – The Gold Price Is Fixed. So What?

We can’t ignore it anymore – the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after the spot price dropped dramatically last spring.

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Things That Make You Go Hmmm… Like “Anti-Gold Idiots”

gold_silver

Source: Zerohedge – Things That Make You Go Hmmm… Like “Anti-Gold Idiots”

This next paragraph contains what Grant Williams believes is the fundamental principle of investing in gold and silver, which so few people genuinely understand — despite the multitudes of commentators expending countless thousands of words.

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“QE Was A Massive Gift Intended To Boost Wealth”, Fed President Admits (Mar 2013)

Source: Zerohedge – “QE Was A Massive Gift Intended To Boost Wealth”, Fed President Admits

Notable excerpts:

With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their words… and the truth is bleeding out courtesy of the president of the Dallas Fed, via Bloomberg.

  • FISHER SAYS QE WAS A MASSIVE GIFT INTENDED TO BOOST WEALTH

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After the Taper: The Fed’s Non-Plan Is Unchanged

inflation

Source: Mises.org – After the Taper: The Fed’s Non-Plan Is Unchanged

As an economist, it is getting more difficult to understand the logic underlying current monetary policy in the U.S. There are two main channels by which economists think monetary policy can influence growth and employment. The first is to lower interest rates to spur investment and consumption spending. The second is to induce inflation so real wages drop, spurring output and employment.

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Marc Faber Warns The Fed “Will Never End Its Insane Policies” (Dec 2013)

rain_money

Source: Zero Hedge – Marc Faber Warns The Fed “Will Never End Its Insane Policies”

“The Fed will never end QE for good…” blasts Marc Faber, “they may do some cosmetic adjustments, but within a few years, [Fed] asset purchases will be substantially higher than they are today.” There will be another weakening in the US economy, Faber warns, and “the Fed will argue it hasn’t done enough and will do more… they have been irresponsible for 20 years.”

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