Throughout the late 70s, gold went on a bull run that was even more dramatic than the current bull market — only it ended suddenly and abruptly in 1980 — destroying the investments and life savings of those who believed “this time was different” and that gold was the…Continue readingWhat Happened to Gold in 1980?
Prior to U.S. trading on Monday, gold prices in the wholesale market climbed to $1,758 per ounce. The euro, stocks, and other commodities also gained following a stimulus-related announcement by Federal Reserve. This same announcement caused prices of government bonds to fall. Meanwhile, India gold demand remained low, causing…Continue readingIndia’s gold demand declines 18% to 135.5 tonnes as inflation hits buyers.
Gold prices just fell like a rock this ultimate month — from $2050 in march to $1753 today. Something like $300 so far, and they’re still falling. This isn’t enough to ruin the market, but it’s enough that I’ve already been receiving emails from people asking what’s happening. On…Continue readingWhy Gold Prices Just Fell amid inflation.
People get confused about the nature of mass inflation, hyperinflation, and what causes both. Historically speaking, hyperinflation is essentially always a political event. Someone loses a war, the government collapses — some huge dramatic political event happens that triggers the hyperinflation. After this huge event, the politicians in charge…Continue readingWhere is the Hyperinflation in America?
Interest in buying silver as the precious metal best suited to hedging against inflationary government debt levels around the world, and a consequent imminent bond crisis, is growing among investors. Articles about investment in gold and silver typically receive ten times more page views than items about investment in…Continue readingBuying silver to hedge inflation and a bond crisis.
For thousands of years, the majority of the world’s population has considered gold, not monetary specie, the true measure of wealth. While the demand for most precious metals principally arises secondarily to their manufacturing use and industrial application, the demand for gold arises from the desire to accumulate wealth. In…Continue readingWhy is gold a hedge against inflation.