<h1 class="entry-title">Category: Gold Market Discussion</h1>
18 Mar

Bank Crisis Deepens By the Day

Sampling Notable Observations During the Calamity… A quick sampling of opinions about the fast-developing global bank crisis, beginning with tweets from our friend Robert Kiyosaki: “Biden says bailout of SVB Silicon Valley Bank will not costs taxpayers anything. What is he smoking?” “BAIL OUTS begin. More fake money to invade sick economy. Still recommend same […]

18 Mar

Getting Kids on the Path to Smart Investing

Teach your children and grandchildren well about gold! Many of Republic Monetary Exchange’s friends and clients add a little something extra to their gold and silver investments to have something to give their kids and grandkids.   That makes a lot of sense, according to the leading hedge fund manager of all time.   Most […]

18 Mar

SVB (Silicon Valley Bust!)

Gold Surges as Banks Tumble! The best place to start a discussion about bank troubles is to point out that the financial establishment has been wrong about virtually everything.   Federal Reserve chairman Powell testified before congress last week.  You would have walked away from his testimony thinking everything looked just fine and without any […]

11 Mar

Bank Trouble!

Special Alert Direct From Rich Dad Poor Dad’s Robert Kiyosaki! My friend Robert Kiyosaki asked me to make sure everybody sees his Red Alert below.  Thanks, Robert, for sharing this crucial information with our friends and clients! – Jim Clark  Bank dominos are falling, just as I have been warning you!  Silvergate Bank was first […]

10 Mar

Singapore Just Bought Tons of Gold

The Central Bank of Singapore Added 1,434,600 Ounces! Official records show that the Monetary Authority of Singapore (MAS), the central bank of the Republic of Singapore, boosted its gold holdings by 44.6 tons in a single month. Between December 2022 and the end of January 2033, the central bank’s gold position grew by 29 percent.  […]

09 Mar

High Rates Mean More Bankruptcies

Think of this as a bank shot.  You hit the cue ball into another ball that bounces off the rail and goes into the pocket.   Fed interest rate policy will drive an increase in bankruptcies, corporate and personal.  But banking off the rail, its subsequent effect is that it will drive people to gold. […]

06 Mar

Five More Reasons to Buy Gold

We thought we should share with you a couple of more reasons to buy gold and silver.  The list is not exhaustive, but just five of the things in the news that we don’t want our friends and clients to overlook: #1A perfect financial storm is brewing. Economist Nouriel Roubini says a “perfect storm” consisting […]

28 Feb

The Winds of War

The US State Department advises Americans to leave Russia.   Uh oh! What happens next? Next Russia announces that it will no longer participate in an offensive strategic arms treaty with the US, the last remaining nuclear arms agreement between the two nuclear powers. At the same time, Putin puts new ground-based strategic systems on […]

27 Feb
Trump Chooses the Printing Press

If the Dollar Was Backed By Gold…

What would it take to back the dollar with gold again? The US dollar is backed by nothing. If it was still backed by gold, the price of gold would be a lot, lot higher! That is why the Federal Reserve can create trillions of dollars out of thin air with not much more than […]

27 Feb

Stubborn Inflation and a Confused President

Here is a chart showing the percentage change in the Consumer Price Index going all the way back to the Stagflationary 70s and their aftermath.  When people talk about inflation at a forty-year high, they are referring back to the peak inflation of that era.   Just days ago, President Biden commented on the January […]

27 Feb

China Continues to Dump Dollars

An Update on the Biggest Monetary Megatrend of our Time! China’s holdings of US treasury debt are dropping fast.   China got rid of 17 percent of its dollar holdings in 2022.  Ten years ago it was America’s largest creditor with more the $1.3 trillion of US government bonds.  Last year it still had a […]

20 Feb

Huge Jump in Credit Card Debt

Another Financial Crisis Showing Up Soon!  Americans have burned through most of the “stymie” money they got from the government now.  But as Milton Friedman once said, “There’s no such thing as a free lunch.” So thanks to those very government giveaways – and more like them – prices of everything have been rising relentlessly. […]

20 Feb

Big Hitter Says to Own Gold

“You’d be better off keeping your investment reserves in gold at this point.” That’s the advice from John Paulson.  He’s the head of Paulson & Co., a major investment firm.  He made billions by spotting the housing bubble in 2007.  Wikipedia says he made another $5 billion in 2010 primarily investing in gold.   With […]

20 Feb

Rich Dad Says Giant Crash is Coming

Our friend Robert Kiyosaki of Rich Dad, Poor Dad fame, holds up a gold coin in one hand and a dollar in the other.  “This is real,” he says about the money in one hand, “and this is fake,” he says about the other. You don’t have to guess which is which.  Robert is a […]

13 Feb

Americans Are Pessimistic of the Economy

Americans Aren’t Too Confident as New Poll Bears What You Already Suspected! Americans are expecting higher inflation, unemployment, and interest rates, according to a new Gallup poll.   That’s not all.  They also expect slower economic growth and lower stock market prices.   “The latest results are from the Jan. 2-22 Mood of the Nation […]

05 Feb

Fighting Counterparty Risk with Gold

The following is an excerpt from Jim Clark’s important book REAL MONEY FOR FREE PEOPLE: The American Gold Story. Gold and silver are the only monetary assets that are not someone else’s liability. They are not dependent on someone else’s solvency, promises to perform, or honesty. Their value does not depend on the endorsement, propriety, […]

30 Jan
The dollar is losing value

Dollar Woes

How much are you willing to lose at the hands of Washington? Over the years we have mocked reports, repeated like a mantra by the mainstream media, about the strength of the US dollar.  Sure, sometimes one of the major world currencies is losing value faster than the dollar, and sometimes more slowly, so the […]

30 Jan

Front-Running a Plunging Currency

Financial analyst John Rubino has uttered a real truth for our time.  “Once people start front-running a plunging currency,” he said, “you get the Austrian school of economics’ crack-up boom, which is basically a total loss of faith in the currency.” “Then it’s game over!” Let’s define two terms here.  First, front-running. Investopedia defines front-running […]

23 Jan

Initial Reports Suggest Record Demand for Silver in 2022

When all of the numbers come in, it looks like silver demand in 2022 will hit a new all-time high! That’s the news from the Silver Institute, the industry’s trade association.  The Institute forecasts total demand to have surged 16 percent in the just-finished year, to a record high of 1.21 billion ounces.  It cites […]

23 Jan

Central Banks Are Still Buying Gold!

We call it the biggest monetary megatrend of our time.  It is a development with long-term implications for the US dollar (not good) and for the price of gold (very good). The headline from the World Gold Council reads, “Central banks add more gold in November as China joins the fray.” According to the report, […]

13 Jan

The Inflation Story Behind the Story

Near Double-Digit Inflation in Phoenix Metro! If inflation is surprising on the downside, why does gold just keep marching higher? Could it be there is more to this story than meets the eye? As usual, the answer is yes.   The Consumer price index through December shows prices up 6.5 percent over the past 12 […]

12 Jan

The Great Stagflationary Debt Crisis

War leads to larger fiscal deficits, more debt monetization, and higher inflation on a persistent basis! Nouriel Roubini is an economics professor emeritus at New York University’s Stern School of Business.  But he’s better known to some as “Dr. Doom” stemming from his correct call of the 2008 meltdown. Roubini warns that wars burden national […]

02 Jan

Our Fearless Predictions for 2023

Ten Things That Won’t Happen in 2023! Below are our predictions for the New Year.  Read all ten 2023 predictions and at the end, you’ll discover a little surprise about our list! 10.  The Federal Reserve won’t stop managing the monetary system to benefit the banks that created it to serve their interests in the […]

01 Jan

Washington’s Stocking Stuffers

The Capital City’s Corruption is Complete! The colorful wrapping paper and bright bows had been thrown away, and the trees have come down.  So, let’s see what the Washington people gave themselves with your money this Christmas. As we survey their stocking stuffers, remember that the end days of any republic are a good time […]

01 Jan

More Things Worth Remembering About Gold and Silver

Here are a few observations about gold and silver that we have been collecting to share with our friends and clients!  People are frustrated with the economy, because they worry about how everything is getting much more expensive, and they’re blaming the government and politicians because that’s what they’re being asked about, and they’re not […]

26 Dec

Things Worth Remembering About Gold and Silver

Here are a few observations about gold and the economy that we have been collecting to share with our friends and clients! The problem, of course, is that the 12 mortals who sit on the FOMC are not clairvoyant, and for the most part not even astute. They have proven over and over again that […]

26 Dec

A Dip in the CPI

Don’t get too excited over one good inflation report.  So advised a Bloomberg news headline after the November Consumer Price Index came in a little lower than the previous month! Everywhere people crowed.  Biden and his economic team rushed to the cameras to take credit.  “What is clear is my economic plan is working and […]

25 Dec

This Special Time of Year

This time of year, with holiday gatherings and celebrations, many of our thoughts center on family.     Nothing in the lifetimes of many of our friends and clients and their families has matched this period for its financial instability.  The year gone by has been one of serious inflation – rising to double-digit rates […]

19 Dec

Must See: Robert Kiyosaki’s Last Warning!

“This Is Very Serious!  We’re In Trouble!” Our friend Robert Kiyosaki is the author of the number one biggest-selling personal finance book of all time, Rich Dad, Poor Dad. Rich Dad, Poor Dad has been translated into 51 languages.  It has sold more than 40 million copies.  Robert has written dozens of other books, including […]

18 Dec

Uh Oh… Exploding Deficit

What’s Going On in Washington? Spending. That’s what’s going on in Washington.  Seriously, it is almost like their disconnection from financial reality has as last become complete.   And it has.  Here are the facts for November: Federal spending for the month was $501 billion. Federal revenue was $252 billion. You probably already figured out […]

17 Dec

Ron Paul Says The Fed is in a Real Fix!

So the Federal Reserve is slowing down on its interest rate increases.  After raising rates by 75 basis points (3/4 of a percent) at each of its last four meetings, the Fed opted to pull back to 50 basis points this month. But it hasn’t yet achieved its objective of wringing inflation out of the […]

11 Dec

Gold Breaking Out as Wholesale Prices Continue to Rise

Wholesale prices keep on climbing.  And so do gold and silver! Wholesale prices have risen at a 7.4 percent rate in the 12 months ending in November. Does anybody think a 7.4 percent hike in the Producer Price Index represents a victory over inflation and that the Federal Reserve Board members can all come out […]

10 Dec

Have You “De-Dollarized”?

China is getting out of the way.  You better get started, too! The smart money has begun de-dollarizing.  They see that the future holds a more rapid devaluation of the US dollar. It is the only way Washington can keep its mega-debt serviced. The media tells you the Federal Reserve has raised interest rates dramatically, […]

09 Dec

Spending More Than You Have Means More Debt!

It’s hard to comprehend just how much money has gone into Washington’s “stimulus” measures.  But this might help. It compares Biden’s spending measure to other US benchmark spending bills. Biden’s American Rescue Plan is 2.4 times larger than all the New Deal spending between 1933 and 1940.  The so-called Inflation Reduction Act is 8.5 times […]

05 Dec

Looks Like Gold and Silver Are Breaking Out!

We don’t spend a lot of time showing you gold and silver price charts.  But we really think you should see these! First silver. This silver chart shows the short-term (50-day) moving average (blue line), and the long-term (200-day) moving average price (red line).   As you can see, this past week silver has exploded […]

05 Dec

Our Friend Robert Kiyosaki’s Warning

“God have mercy on us all!” When someone tries to warn you about what’s going to happen and says “God have mercy on us all,” you better believe they’re talking about something very serious indeed. But those are the exact words of our friend Robert Kiyosaki, warning about what is going to happen to the […]

23 Nov

A Lesson from the Pilgrims

We hope that you can count good health and prosperity as among your greatest blessings in this inflationary year.  Will are grateful for you and all of our friends and clients in 2022.   Among our Thanksgiving traditions, right along with turkey, family, and even football, is a story we like to tell each year, […]

23 Nov

Move to Gold Ahead of Global De-Dollarization

There is more movement afoot in the US dollar’s global status.   But first, the backstory: The US emerged from World War II as a mightier powerhouse than ever.  Other leading industrial economies lay in ruins, but not the US.  The US dollar was said to be as good as gold.  Because foreign governments, many […]

22 Nov

Here Comes the Silver Shortage

With the US Mint and other suppliers woefully behind on minting silver coins, coupled with high premiums on popular silver investment products, no one could possibly feel blindsided to hear research reports reveal a developing silver shortage. Net jewelry and physical investment silver demand will finish 2022 50 million ounces higher than last year, according […]

11 Nov

Double-Digit Price Hikes Slam Phoenix Again

Consumer prices climbed 7.7 percent during the 12 months through October, according to the Labor Department. While administration officials celebrate the October report because it was down from the 8.2 percent rate reported a month earlier, residents of the Phoenix metropolitan area- where Republic Monetary Exchange is located- had no reason for celebration.  That is […]

11 Nov

Ready for Hyperinflation?

Inflation is bad enough.  But hyperinflation is something else again.  It is the ruin of entire nations and cultures.  Now at least one credible observer says hyperinflation is on its way. Time to get ready! Paul Singer is the founder and president of Elliot Management which the Financial Times calls a “prominent” asset manager.  That’s […]

10 Nov

More Bidenflation

Is there any doubt that the surge in Washington spending is instrumental in the surge in consumer prices? If there are any doubters, the folks at the Committee to Unleash Prosperity have provided a graphic to make it more clear. It charts cumulative new spending beginning in December 2020, after Biden’s election. It begins with […]

04 Nov

Will Powell Save the Dollar?

Don’t bet on it! It doesn’t take long to ruin a currency.  A little run of double-digit inflation soon has people looking for a better store of wealth. Like gold and silver. Look no further than at the other central banks of the world.  They know the money-printing game as well as Federal Reserve officials […]

04 Nov

The Fed Sows Confusion, Chaos

Mixed Messages Mess with Markets! It seems strange that the mighty capitalist markets should be constantly waiting for the next pronouncement of a small, grey band of mostly unknown bureaucrats, most of whom – if not all – showing little evidence of having created any wealth in their own lives, sitting around conference tables in […]

03 Nov

Biden, Biden, Biden!

When the truth takes a backseat! It is one thing, and a very sad one indeed, to see anyone addled and losing their ability to think clearly.  But it is more than sad when the affected person’s inability is felt in the realm of policy and in our civic life. It is a danger.   […]

31 Oct

Halloween Prices are Scary

In covering inflation it is almost expected that we report on the cost of the traditional Thanksgiving dinner.   And we probably will in a month or so. But we just happened to notice the rising cost of Halloween candy.  This year it is up by an unlucky 13 percent.   Consumer prices in the […]

30 Oct

Inflation on Display

The US 12-month inflation rate as measured by the Consumer Price Index has been over 8 percent for 7 months in a row, since last March.  It has been raging along over 5 percent for 14 months in a row. The pain is not evenly distributed across the county.  As you can see in the […]

30 Oct

Why Are Americans So Down on the Economy?

The New York Times Has to Ask! A recent New York Times “think piece” (that’s what they call them!) asks why Americans are so down on the economy.   Seriously? One easily wearies of the Times tendentious and partisan analysis.  The piece is sprinkled with nonsense like this tweet from someone described as the founder […]

24 Oct

Revisiting the Gold and Silver Shortage

(And a bill to restore the gold standard!) We have written several times of late about the recent shortages of gold and silver and the way prices in the “paper gold” or gold-substitute markets have decoupled from the prices of real, physical gold and silver coins and bars. In essence, the question is how can […]

23 Oct

Real Money For Free People!

We want to give you a signed copy! The following is an excerpt from Jim Clark’s important book REAL MONEY FOR FREE PEOPLE: The American Gold Story. Both Fed money-printing and federal debt are evidence of severe character deficiencies among the American governing classes. Fed money printing is a slap in the face of normal, […]

23 Oct

Why We’re in the Mess We’re In

This Explains a Lot! The Fed doesn’t understand inflation. Janet Yellen has even apologized for the Fed’s cluelessness.  The Fed has missed all the biggest financial calamities of our time, like the dot com bubble, the mortgage meltdown, and the return of inflation to levels last seen 40 years ago. How can this be explained? Clearly, […]

17 Oct

Serious Inflation

It was only a year ago that the Federal Reserve was insisting that inflation was a transitory malady.  Yet it is still with us.  Big time! The government likes to refer to so-called “core inflation” which excludes food and energy prices.  (Like who would need either food or energy?)  The core inflation rate for the […]

17 Oct

How Inflation Really Works to Make You Poorer

More About the Government’s Shell Game! The inflation numbers for September are in and they are running red hot!  They also provide a perfect opportunity to shine a light on the government’s inflation and cost of living shell game. Consumer prices (CPI) are up 8.2 percent from a year earlier.  Wholesale prices (PPI) are up […]

16 Oct
Ben Bernanke Predicts

Nobel Prize for Inflation?!

Helicopter Ben Bernanke recognized for… for what exactly?  Spreading around free money!  The Royal Swedish Academy of Sciences has awarded its 2022 Nobel Prize in Economics to former Federal Reserve Chairman Ben Bernanke. We don’t mean to be churlish with our headline calling it an award for inflation.  We just mean to be plain-spoken.  Inflation […]

10 Oct

Silver’s Monetary Role

The extreme divergence in the world markets between “paper” precious metals and real physical gold and silver continues. “Paper” precious metals are nothing more than the purported paper title to gold and silver that promise to deliver at some future date. The high premiums on physical silver suggest that in our present economic circumstance of […]

10 Oct

Wars and Rumors of Wars

Gold in times of chaos and conflict! When things get bad enough, especially on the economic front, many governments follow the advice the dying king gives his son in Shakespeare’s Henry IV:   “Be it thy course, to busy giddy mindsWith foreign quarrels.” Now, with red-hot inflation, the national debt spiraling up over $31 trillion, […]

09 Oct

Looking for a Place to Hide?

May We Suggest… A Drudge Report headline the other day read, “Wary Investors Struggling to Find Places to Hide…” That’s because stocks have been taking a pounding. It linked to a Wall Street Journal piece titled, “Wary Investors Struggle to Evade Market Tumult”:   “The S&P 500 has fallen 25% this year, with all three […]

03 Oct

Market Condition Alert! Gold and Silver Shortages!

Because of extreme demand for precious metals in these uncertain times, the prices for real gold and silver have decoupled from the price of gold substitutes and paper benchmark prices.  The world gold prices and index prices you read about in the newspaper are not the real price for physical gold you can take home […]

02 Oct

The Lost Decade

“I don’t rule out something bad happening!” says legendary investor! The Dow won’t be much higher in 10 years than it is today.   That’s the opinion of billionaire investor Stanley Druckenmiller.  Stock, bond, and real estate bubbles are all popping, all having been inflated by the artificial creation of money and credit.  “All those […]

02 Oct

Are We in Trouble?

Sure. That’s why you’re going to need gold and silver! The Federal Reserve’s decision to begin raising interest rates and unwinding a lot of the assets it bought with made-up digital money over the last 14 years is beginning to take a toll.  Stocks down.  Bonds down.  Real estate down.  Cryptos down. The Fed’s new […]

26 Sep

They’re Going to Need All Those IRS Agents

Reason #439 to own gold and silver! Today we post without (much) commentary, excerpts of recent remarks by Treasury secretary Janel Yellen about the Internal Revenue Service.  Much of what Yellen said at the 9/15/22 event at the IRS facility in New Carrolton, MD, is simply wrong, but we feel you should see them for […]

26 Sep

Biden Accelerating Central Bank Digital Currency

Biden is putting the pedal to the metal for a Central Bank digital currency. Time to fortify your gold and silver position! Suppose the government wants to ration gasoline or anything else.  Suppose it wanted to stop anyone who disagrees with it from traveling.  Suppose it wants to devalue the currency or impose a new […]

26 Sep

Common Sense About Fed Interest Rate Policy

It’s too little, too late to stop inflation! “The Great Central Bank Pivot is now underway around the globe, but it’s not the one Wall Street has been praying for. Instead of another round of easing juice to brake the obvious fall in economic activity, central banks en masse are racing to goose interest rates […]

18 Sep

Views About Stocks and Gold

Worth Considering! Here is a sampling of market views from people we follow from time to time, some about gold, the dollar, the stock market, and the economy.   These are all important topics, and we encourage you to visit with a Republic Monetary Exchange gold and silver specialist to create a sensible plan to […]

18 Sep

The CPI Numbers Should be Even Worse

A few words about energy prices and gold! Consumer Price increases reported through August were higher than most people on Wall Street seem to have anticipated.  So, with the latest CPI report, the stock market broke and broke hard.  The Dow Jones Industrials fell 1,276.37 points, or almost 4 percent on Tuesday (9/13).   But […]

17 Sep

Biden’s Banana Republic

Take advantage of Bidenomics to protect yourself! It’s a distinction no one would hope for, no one would want.  But it goes to the Phoenix area, nonetheless. Phoenix once again has the highest Consumer Price Inflation in America.  Prices are screaming along, up 13 percent over the past 12 months.  That’s almost five percent over […]

12 Sep

USA Slips Again in Annual Freedom Ranking

The Fraser Institute in Canada is one of the world’s leading think tanks.  Each year the Institute publishes an Economic Freedom of the World Report.  The review compares the state of human freedom in the nations of the world, ranking countries for the policies that support freedom, including sound money, legal systems and property rights, […]

10 Sep

How Are Americans Doing in the Bidenflation Regime?

So how are your fellow Americans faring under the Bidenflation regime?   Just like you think they are.  Not well! Well over half say that they are suffering moderate to severe financial hardships, according to a new Gallup poll.   In November, when the authorities were still insisting that inflation was transitory, 45 percent of […]

10 Sep

But Who Will Pay for It All?

Stand down, Powell!  We’re going to need that printing press! After the humiliating matter of insisting that inflation was transitory when it was anything but, Federal Reserve chairman Jerome Powell insists now that the Fed is going to do whatever it takes for as long as it takes to get inflation under control.   Never […]

04 Sep

Do it Now!

You’ve Always Meant To… and Now is the Time to Buy. Things are happening fast.  The Constitution is ignored, the President is brandishing F-15s, and the monetary system is in trouble.  And forty percent of the people think we’re headed for civil war! But wait, as they say in infomercials…  There’s more! California thinks it […]

03 Sep

The Most Important Global Monetary Megatrend!

The De-Dollarizing World! Wall Street and bubble-vision endlessly fret and debate over the Federal Reserve’s next move.  “Will the Fed raise rates 50 basis points in September?  Or will it go for 75?”  But while they obsess, something much bigger is going on.  Something that is mostly overlooked. We have called it the world’s most […]

02 Sep

Explain the Silver Shortage

Congressman Demands Answers from US Mint and Treasury Secretary! The market for physical silver investors has been challenging for at least a couple of years now, with widespread shortages and the failure of the US mint to meet market demand as the law requires. Fortunately for our clients, Republic Monetary Exchange has been able to […]

27 Aug

The End of Abundance

“What we are currently living through is a kind of major tipping point or a great upheaval … we are living the end of what could have seemed an era of abundance … the end of the abundance of products of technologies that seemed always available … the end of the abundance of land and […]

26 Aug

The Economy in Pictures

You’ll want to own gold after this… Let’s start with a chart of inflation rates around the world. At 8.5 percent, the US inflation rate is above other countries in the developed world like Germany (7.5 percent) and Canada (7.6 percent), but slightly below the Eurozone (8.9 percent.  Here is the overall US inflation rate […]

25 Aug

Why the Inflation Reduction Act Will Not Reduce Inflation

Stop the Presses! The “Inflation Reduction Act” won’t Reduce Inflation! In a story that should surprise precisely no one, Yahoo/Finance reports that President Biden’s Inflation Reduction Act “will have no measurable impact on inflation.” The story cites Oxford Economics economists who write, “Our preliminary analysis of the Inflation Reduction Act (IRA), a climate, tax, and […]

21 Aug

China and India Keep Buying Gold!

The subterranean flow of gold from the West to the East keeps on keeping on! Swiss exports of gold to China surged in July, according to the latest reporting from Reuters. More than 80 metric tons of gold worth $4.6 billion made its way from Switzerland to China in June.  That is up from 32.5 […]

18 Aug

Wall Street Bloodbath!

What They Are Saying! We hope you haven’t wearied of us writing from time to time about Michael Burry.  For those who don’t remember, Burry is the somewhat quirky investment advisor made famous in the movie about the bursting of the mortgage bubble, The Big Short, in which he was played by Christian Bale. Burry […]

17 Aug

The Unbacked Dollar Anniversary

The Day They Closed the Gold Window! This week we mark a day that lives in monetary infamy, a day fifty-one years ago that determined America’s economic trajectory to this very day. It is important enough for Americans to understand what happened then and how the gold dollar became the unbacked paper dollar, a dollar […]

12 Aug

Release the IRS Kraken!

Sure, and drive everyone to gold and silver! The Kraken, that giant sea monster of Norwegian myth, reappeared in popular culture with Pirates of the Caribbean and the Clash of the Titans movies. Releasing the Kraken means to let loose destructive forces of immeasurable powers. Now it looks like the Biden administration is prepared to […]

12 Aug

Biden Announces Zero Inflation

He would know, wouldn’t he? The President took to the podium on Wednesday (8/11) to announce a number: “Zero.” Inflation was zero in July, he said. You could count us among the surprised.  After all, we’ve been to the grocery store.  But who are you going to believe, the President or your lying eyes? Then […]

11 Aug

Victory Over Inflation?

Right!  Wall Street Will Pretend Anything! US inflation keeps running hot, with the headline Consumer Price Index for the 12 months ending in July up 8.5 percent.   Lower energy prices contributed to the index easing off from the 40-year high of 9.1 percent reported in June. Lower energy prices factored into the modestly lower […]

07 Aug

Is the Bloodbath Over in the Stock Market?

The Federal Reserve has raised interest rates four times this year.  Fed officials are displaying a rare unanimity that more rate hikes are coming.  Higher mortgage rates have residential real estate reeling.  Inflation is at the highest level in 40 years.  The official GDP numbers say the economy has entered a recession. War drums are beating […]

06 Aug

Inflation Isn’t For Everybody

Inflation is a problem for everyone. Over nine percent nationally.  Double digits in Phoenix.  Incomes aren’t keeping up with rising prices.  Plus rents are going up about one percent a month. So, it’s a problem for everyone, right? Well, not so fast! It’s not a problem for me, says one senior official at the Federal […]

05 Aug

The Inflation Reduction Act

“Inflation Reduction”. Haha. Since inflation is a deliberate policy of the monetary authorities when someone promises to do something about inflation we always look to see if they are talking about throwing the off-switch. Are they talking about ending the artificial creation of money and credit by any of its thousands of names:  liquidity operations, […]

31 Jul

They Aren’t Buying What Washington is Peddling

The Gold and Silver Market Can See Right Through It! We think it is worth going back thru what Washington has been peddling over the last week. It starts with the Federal Reserve’s announcement on Wednesday (7/27) that it was raising its policy interest rate, the Fed funds rate by 75 basis points, or ¾ […]

30 Jul

Yes, This is a Recession

Time to Get Up-To-Date on Gold and Silver! Okay, we all know America’s economy isn’t what it was, thanks to the shutdowns,  trillions of dollars in “stimmies,” and Bidenflation.   But now it’s official:  We are definitely in a recession. Well, check that.  We are definitely in a recession.  But it’s not really official until […]

29 Jul
Interest Rates are Going Up in 2017

The Rate Hike

More Halfway Measures from Powell’s Fed; Nothing Gets Fixed! The Fed says it is moving expeditiously to bring inflation down.   You wouldn’t know it based on its latest move.  In fact, both gold and silver were so little impressed with the latest from the Fed that both jumped higher. The Federal Reserve raised interest […]

24 Jul

Banks vs. The People

Backed by Tanks, the Banks in China are Prohibiting Withdrawals! It started in April when a few banks in China’s Henan province prohibited cash withdrawals.   Now things have spread and escalated.  Hundred of thousands of people have been unable to withdraw their money.  In Zhengzhou, the provincial capital of Henan, the government has deployed […]

20 Jul

The Strong Dollar?

You’ve Heard “The Dollar is Strong”. Ha-ha-ha! We hear it all the time.  Sometimes all day long in the financial news media.  About the strong dollar.  Here are some examples: “What the strong dollar means for Americans”  — The Hill “The Dollar Is Extremely Strong, Pushing Down the World”  — NYTimes ‘What does a strong […]

18 Jul

The Bottom is In on Gold and Silver!

Precious Metals at Cost of Production? The Time to Buy is Now! The correction in gold and silver that accompanied the panicked selling of stocks, bonds, and crypto-currencies this year is over, says Jim Clark, CEO of Republic Monetary Exchange. “Both metals have found a bottom in this range,” according to Clark.  “Gold at $1700 […]

17 Jul

US Inflation: It’s a Disgrace

In the Phoenix-Scottsdale-Mesa metropolitan area prices have climbed 12.3 percent!  More news on the inflation front.  And it is bad!   Consumer prices rose 9.1 percent nationally over the last 12 months.   Those are the Bureau of Labor Statistics’ Consumer Price Index (CPI) numbers for the 12 months through June 30.  The national rate […]

17 Jul

Dollar Falls With Blinding Speed

Consumer prices climb sky high!  Producer prices rising even faster! We can’t help but laugh.  Maybe we shouldn’t laugh, but we do.  Every time the financial press and the mainstream media tell us how “strong” the dollar is these days! For real people in the real world, this is the weakest the dollar has ever […]

08 Jul

More Loss and Pain Ahead for Stock Investors!

Regular readers know that we enjoy citing the market observations of Michael Burry.   You probably remember Burry if you saw the 2015 movie The Big Short.  If you haven’t seen it, it is probably worth streaming just for an alternative look at how things work on Wall Street.  Burry, a real-life rock-drumming, hedge fund […]

08 Jul

Warning to the Fed Raising Rates

Unless they want to blow the federal budget to smithereens! We wish the Federal Reserve hadn’t created all this inflation in the first place.  It’s decapitalizing America and making the people poorer.  So, we wish they hadn’t done it in the first place. As long as we’re on the subject, we wish that Washington hadn’t […]

07 Jul

Fed Still Concerned About Entrenched Inflation

50 or 75 basis point rate hike later this month? Just released minutes from the Federal Reserve Board’s June meeting which saw the Fed’s key policy rate hiked by 75 basis points (3/4 of a percent) show the Fed remains concerned about entrenched inflation. To no one’s surprise, the minutes foresee another Fed rate hike […]

01 Jul

First Half of 2022 Grim for Stocks, Bonds, and Crypto

Gold Holds Its Own; Silver Demand “Insatiable”! Between inflation in double-digit neighborhoods and a dark-robed creature named Recession knocking on the door, 2022 has been a tough year for stocks, bonds, and crypto-currencies.  It doesn’t help that the year is only half over. A few first-half numbers: The S&P 500 tumbled 20.6 percent, the worst […]

01 Jul

Now Introducing… Skimpflation!

Everybody knows about Shrinkflation… but have you heard about Skimpflation? By now, pretty much everybody knows about inflation.  It’s hard to miss at the gas pump or at the grocery store.  Prices are up everywhere on just about everything. The government says the official inflation rate is 8.6 percent.  By that they mean that at […]

30 Jun

Goldman Sachs Raises Its Gold Price Target

The investment banking giant is predicting $2,500 this year! Goldman Sachs, the multinational investment banking firm, has raised its 2022 year-end gold price forecast to $2,500. The company explained that increasing prospects of a recession could power the move.  It noted that inflation is likely to remain an important factor in the gold price for […]

24 Jun

Americans See the Light On Inflation

Ronald Reagan had a great line (actually he had a lot of good lines).  He once said, “When I feel the pain, I see the light.” The American people have been feeling plenty of pain from Biden inflation – pain at the gas pump, pain at the grocery check-out line, pain that their pay isn’t […]

24 Jun

Seeing is Believing

You know inflation is higher now than it has been in the lifetimes of most Americans.  Gas prices have gone stratospheric, food prices are soaring, consumer confidence is in the tank, interest rates have home buyers and sellers angry, and a recession is knocking on the door.   But there is nothing like seeing it […]

22 Jun

Ron Paul Says…

Fed too late, too little! It was just weeks ago that Federal Reserve chairman Jerome Powell said that raising interest rates 75 basis points at its June meeting was something that wasn’t under consideration. BANG!  The Fed raised interest rates 75 basis points at its June meeting after all.  And it will likely do so […]

20 Jun

One Chart to Explain it All

(With apologies to J.R.R. Tolkien and his famous line from The Lord of the Rings, “One ring to rule them all.”) We have published this chart before, but it tells the story of gold’s rise overlaid against the dollar’s loss of purchasing power so completely that we present it again with no commentary.  Okay, one […]

19 Jun

Bidenomics Up Close

No Wonder People Are Buying Gold and Silver! “Their need for mental health in America has skyrocketed,” says President Biden. The people should always have mental health.  Of course, what Biden actually means is that the need for mental health care in America has skyrocketed.   Actually, what the people need most is a break […]

19 Jun

The Federal Reserve Clown Show

The dollar, like all unbacked paper and digital money, is a confidence game.  That’s why we are watching the Federal Reserve with horror.  Behind the curve doesn’t begin to describe it. It’s a clown show! It’s almost as if they are trying to destroy confidence in the dollar.  But whether they are doing it on […]

10 Jun

Political Policy Confusion

The US economy “is in a better place than it has been historically.” So says President Biden’s press secretary Karine Jean-Pierre from the White House briefing room.  And we thought Powell and Yellen were confused. It is said that a diplomat is a person paid to lie for their country.  But they can’t hold a […]

09 Jun

How is Janet Yellen Getting Away With It?

Why is Janet Yellen Treasury Secretary? They get away with it for a while.  Then when the consequences hit, they duck, bob, and weave desperately to try to avoid blame for their policies. “Deficits don’t matter,” said Vice President Dick Cheney.   That was in November 2002.  The national debt was $6.325 trillion. Today the […]

09 Jun

Biden Respects the Fed

We respect gold and silver! We have the worst inflation in decades.  It is pounding the stock market.  It is whipping the bond market.  Mortgage rates are climbing fast to the dismay of both home buyers and sellers.  It is draining household budgets with every stop at the gas station. And President Biden says the […]

03 Jun

American Gold Coin Sales Through the Roof

Investors are turning to Gold Eagles in the Bidenflation era! Thanks to sky-high inflation, the US getting deeper into a European war, gas prices at all-time highs, and possible food shortages in development, Americans in big numbers turned to US American Eagle gold coins for safety. In May, the US mint sold 147,000 ounces of […]

03 Jun

How to Brace for a (Financial) Hurricane

“It’s a hurricane. That hurricane is right there, down the road, and coming our way.” So says Jamie Dimon.  He’s the head of JP Morgan Chase, banking’s most influential figure. “You better brace yourself,” warns Dimon.   Now that you’ve heard from the C-suites, let’s go down to the field to see what they are […]

02 Jun

Economic Pessimism Growing

Remember, the authorities can’t print more gold! Gallup, the polling organization, tells us that consumer confidence has fallen off a cliff.  It lower today than during the worst of the pandemic shutdown. In fact, consumer confidence has not been this low since the Great Recession with the mortgage meltdown and the housing bubble bust.   […]

29 May

A Simple Story: Gold and the Money Supply

Gold’s price trajectory is more reflective of the growing money supply than it is of the Consumer Price Index. Although the CPI is widely reported by the popular news media, it is a lagging indicator.  It purports to reflect price increases after they have occurred. The money supply is generally considered a leading indicator.   […]

28 May
wall street

More Losses Are Heading Wall Street’s Way

Grantham likes gold!  Superbubble expert sees more stock trouble ahead!  If you think you’ve seen some blood spilled on Wall Street so far, wait until those losses double.   That’s the warning from legendary investor Jeremy Grantham. Grantham is co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO), a Boston-based asset management […]

27 May

From Gas to Hamburgers

Let’s take a look at the real-world experience people are having with inflation. CBS News has found a handful of California gas stations charging $7.25 a gallon, more that the federal minimum hourly wage.   The Wall Street Journal reports that US households are now paying an annual rate of $4,800 for gasoline compared to […]

20 May

How Are They Going to Fix it All?

Here is a short list of some of the things going wrong.  It is not exhaustive.  It is just some of the things no one can miss: Gas prices through the roof Double-digit inflation Mortgage rates running up and housing ready to topple Consumer confidence in the tank, an important recession indicator Americans losing trillions […]

20 May

Gas Price Déjà vu!

Another real-life indicator of our inflation calamity! Gasoline prices are now over $4 everywhere in the country.  But California gets the award for being the first state to cross over $6 a gallon.  Why are gas prices so high?  In a nutshell, it is because your US dollars don’t buy as much as they did.  […]

19 May

Wall Street, Bloody Wall Street!

How bad has it been? Pretty bad! Fed Chairman Jerome Powell says that restoring price stability is “nonnegotiable.” If price stability is so important, why did the Fed blow up the stock and bond markets in the first place?  Did they really not realize that the creation of $8 trillion dollars over the last 14 […]

15 May

The Economics Credibility Gap

How They Made a Mess of the American Economy, the Dollar, and Your Prosperity – and Gave You a Buying Opportunity at the Same Time! The Federal Reserve has made a mess of everything. The American economic establishment has made a mess of everything, too. But I repeat myself.  The American economic establishment is the […]

15 May

More Bad Consumer Price News!

Things are Even Worse in the Phoenix Area! Two headlines on the same financial news site at the same time:   … inflation decelerates slightly. … Inflation comes in hotter than expected. Maybe that’s why President Biden is so confused.  He doesn’t know how to sort things out. As it happened the latest Consumer Price […]