What’s in the Vault?

What’s in the Vault?

Many have understandably sensed that central banks may well have acted to allow bullion banks to take out massive naked short positions in precious metals in order to drive down the price.

Understanding Gold Market Dynamics

Understanding Gold Market Dynamics

To an extent that reveals a thorough misunderstanding of the market forces, the financial media has failed to consider the different motivations and beliefs that drive the different types of investors who are active in the gold market. By treating the gold market as...

Germany Under Pressure To Create Money

Currently, central banks around the world are walking in lock step down a dangerous path of money creation. Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. The result is an...
Gold Recovers Amidst Uncertainty

Gold Recovers Amidst Uncertainty

The selloff in gold that captured the world’s attention in mid-April has revealed some truths about how the market trades and the sentiments of many of the investors who have piled into the trade over the past few years. While the correction does highlight a...

Cypriot Chaos Assists EU Centralization

Remarks by members of the European Union’s elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a...
EU Financial Tax Portends Loss of Market Leadership

EU Financial Tax Portends Loss of Market Leadership

Although it was barely noticed by the American press, on January 22nd, EU finance ministers approved a new “Financial Transactions Tax” (FTT) that has implications for market competitiveness around the world. The move was conceived as a Franco-German...

German Gold Claw Back Causes Concern

Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held in France and the United States. To many, the news from the world’s second largest...

France and the UK Could Be the Lynchpins of Europe

Over the past two months, Europe’s problems seem to have disappeared from the headlines. However, the new French Socialist government is pushing ahead with policies that favor significantly higher government spending, greater regulation of business and commerce,...