A gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s a way for the issuer to pay off its debt in full, and there are other advantages. Sometimes, I find that it’s helpful to show a picture of what I’m talking […]
Why Do People Buy Gold? Investors face a challenging environment. Decades of falling interest rates force them to choose between earning poor returns in bonds and speculating on asset prices. Retirees may not be able to sustain their lifestyle. Institutions may not be able to remain solvent. In addition, debt levels have skyrocketed, and there […]
Dear Congressman Mooney: I am writing to you about something of great importance, the path to the gold standard. Thank you for introducing H.R. 5404. I agree with your findings, especially that inflation undermines jobs and retirement. Yet I must say that the dollar cannot now be defined as a weight of gold. This would […]
Dear Mr. Buffet, Let me start by saying that I am a great admirer of yours. What you and Charlie Munger have accomplished at Berkshire Hathaway is truly extraordinary. Today though, I want to talk to you about a very specific four letter word – gold. You’ve not been shy with your opinion about gold […]
The dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate. I am going to share a little bit about myself and my […]
This topic is so timely and so important, that we publish this special report in lieu of our normal weekly Supply and Demand Report. After our recent article debunking manipulation, we got a phone call from a man whom we will call Jim Bailey (all names have been changed to protect the innocent and the […]
In commodity markets backwardation is an indicator of physical shortages. Shortages result in buyers bidding up the cash price of the commodity above the future prices. This creates a profitable trade (called decarry) for those holding the physical commodity – they can sell it now and buy a futures contract at a lower price, locking […]
Dear GATA and Mr. Chris Powell: I am writing this in response to your article Monetary Metals’ Weiner refuses to see anything wrong in the gold market. There is a certain irony for me to read that I refuse to see. I have spent eight years studying the mechanics of the market, building a model, […]
The Industry Council for Tangible Assets (ICTA), the voice of rare-coin and precious-metals dealers in Washington, has released a white paper cautioning against home storage of bullion in an IRA. It appears some bullion dealers have been promoting a structure whereby an IRA owner sets up a self-managed limited-liability company (referred as a “Checkbook LLC”) […]
People constantly tell me that Trump is deregulating. What’s the proof? Well, the stock market is going up. Unemployment is going down. It is impossible to explain to them what they knew when Obama was president: a rising stock market and falling unemployment do not mean that the president’s policies are good. But now they’ve […]
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