“Nobody predicted the crash” of iron ore. Ha!
But miracles are rare these days.
The palladium fund will buy from the Russian central bank, hedge funds, and others.
Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. But why? I asked the CEO of Goldbroker.com. Fasten your seatbelt.
The Swiss get to go to the polls and tell their central bank what to do about gold. A yes-vote will send shock waves through the gold market and other central banks.
Gold sentiment is at a historic low.
An impoverished nation now finds a commodity to be too expensive though it really hasn’t changed in price in over four decades – in terms of silver.
By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.
By Louis James, Chief Metals & Mining Investment Strategist, Casey Research, with Krassimir Petrov. Next gold mania? You’ve got to wait a few years, says Petrov. Meanwhile, reflation is causing bubbles around the world, and they’ll implode.
In a human life, 47 years isn’t all that long. So this is a personal data point of how the Fed has managed, or rather mismanaged, or rather utterly and willfully destroyed, the dollar since his mom sold their trailer in 1966 – and what that would mean in gold today.