Buy BitGold Online

Tag - Fiat

Entries feed

Wednesday, April 12 2017

Gold To Rise When Treasury Currency Report is Published

The US Treasury report on currency manipulation was ordered by Donald Trump to address the issue of countries manipulating their currencies, normally to devalue them and give an unfair advantage to their own exporters.

The report is expected to be published mid-April and it expected to have a strong impact on the currency markets.

Another market the findings may impact is that of Gold which is heavily influenced by sentiment flows as it is used as a safe-haven in times of stress.

Continue reading...

Tuesday, April 4 2017

Global debt hits $215 trillion in 2016, led by emerging markets

Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.

Global debt has risen more than $70 trillion in the last decade to a record high for debt issuance, the institute said.

Continue reading...

Sunday, March 12 2017

Consuming our future

Only lowering our living standards will achieve sustainable growth. That’s the message from Satyajit Das, a former financier who anticipated the GFC. Debt, energy consumption, housing affordability or superannuation – it’s all based on a financial system that’s in fact a completely fictional model. This model was always doomed to fail – eventually.

Continue reading...

Thursday, March 9 2017

The Path to $10,000 Gold

The combined M1 money supply in the world is about 24 trillion dollars. That includes the United States, China, the Eurozone and Japan. Those four entities combine for over 70% of global GDP.

Continue reading...

Thursday, February 23 2017

A $500 bn pot of gold: How Boston Consulting and Google pushed Modi to end the era of cash

Boston Consulting Group (BCG), the omnipresent US-consulting company, and Google, the global data miner, issued a joint report in July 2016 on the “$500 bn Pot of Gold”, which is the Indian digital payment market. Even though the authors deny it, the report gives much reason to suspect that the authors knew that something radical was imminent from the Indian government. The report is remarkably honest about the aims of the whole exercise.

Continue reading...

Sunday, February 19 2017

Arizona bill would remove state tax requirement on sale of gold coins

Arguing that federal policies have made paper money “virtually worthless,” Arizona lawmakers are moving to allow residents to invest in gold coins and not have to pay state taxes on any profits they make when they sell them.

Continue reading...

Tuesday, January 31 2017

Ultra Easy Money: Digging the Hole Deeper?

When we had a problem in 1987 – some of you may be old enough, long enough in the business to remember that, – the answer was, ‘print the money’. And when we had a problem in 1990 and 1991, the answer was, ‘print the money’. And when we had the difficulties in South East Asia and LTCM in 1997 and 1998, the answer was, ‘print the money’. And in 2001, when the economy tanked, the answer was, ‘print the money’. I think that has given money, and the associated increase in credit and debt, a ver y important and dangerous role which it is playing out even as we speak.

Continue reading...

Tuesday, January 17 2017

The Further Decline in International Reserves

The world entered a credit-expansion binge in 1971. The US, as the world's central banker (liberated from the restriction of redeeming dollars for gold) entered upon a long credit expansion that fed dollars to the world in exchange for the world's products. The world responded to the incoming flow of dollars to its central banks, with a corresponding credit expansion which fostered a credit-based prosperity around the world.

The graph elaborated on the basis of Bloomberg data is telling us that the world reached the point where a general liquidation had to set in, in August 2014.

Continue reading...

Thursday, December 29 2016

It's The Dollar, Stupid!

We think the markets have it fundamentally wrong. US investors are anticipating a cyclical shift towards economic expansion via new tax incentives, business de-regulation and Keynesian government spending that promise to increase output, demand and asset prices. However, there is a far more influential driver of future asset prices – a structural shift that has begun but has yet to be acknowledged by economic and political authorities, and, judging by financial asset markets, by most investors. We expect weak equity markets and a strong treasury market beginning in 2017.

Continue reading...

Saturday, December 17 2016

Debt Nation: The Problem, the Solutions

The world is drowning in debt—$152 trillion, or 225 percent of the world’s GDP, according to the International Monetary Fund. In the United States, total debt (including government and private) exceeds $62.5 trillion, or 334 percent of GDP, according to current Federal Reserve data—that’s $196,000 for every man, woman, and child in this country.

Debt itself isn’t a problem, if it’s spent and invested wisely. But rising debt-to-GDP ratios mean the debt hasn’t led to increases in output, so it cannot be paid down. If debt is not productive, it constrains economic activity, which is one of the reasons the recovery since the Great Recession has been the weakest on record.

Historically, debt levels of this magnitude have never been paid back in real terms. They were reduced through default or inflation, with sometimes devastating results. This time around, however, creative economists say there are ways to reduce the debt burden without disrupting the economy too much.

Continue reading...

Wednesday, November 16 2016

Dollar at highest since 2003

The U.S. dollar index touched a near 14-year high on Wednesday

The dollar has surged in the past week, tracking Treasury yields higher on the expectation that increased U.S government spending could trigger higher inflation and force the Federal Reserve to tighten monetary policy more quickly than expected.

Continue reading...

Thursday, November 10 2016

India's shock bank note ban sparks cash chaos

Indians struggled to pay for basics goods like food and fuel on Wednesday and fretted about their savings, after the government withdrew 500 and 1,000 rupee notes from circulation in a bid to flush out money hidden from the tax man.

New bills of 500 and 2,000 rupees will be introduced from Nov. 10. Jaitley said it would take two to three weeks to replace the old notes, amid concerns over the availability of cash.

Continue reading...

Tuesday, November 8 2016

Government currency strike to push many to gold

The jewellery industry on Tuesday welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes.

Continue reading...

Friday, October 7 2016

Algos, Barriers, Rumors: Some Theories On What Caused The Pound Flash Crash

As reported moments ago, just around 7:07pm ET, cable snapped and plunged by what some say may have been as much as 1200 pips, dropping from 1.26 to as low as 1.14 according to some brokers, before snapping back up.

Continue reading...

Thursday, October 6 2016

The IMF Sounds An Alarm As Global Debt Hits A Record $152 Trillion Or 225% Of World GDP

At 225 percent of world GDP, the global debt of the nonfinancial sector, comprising the general government, households, and nonfinancial firms, is currently at an all-time high of $152 trillion.

Add financial debt and you will need a far bigger chart.

Continue reading...

Thursday, September 29 2016

How Much Money Have Humans Created?

The dollar amounts are so staggering, that simply telling you how much money humans have created probably wouldn’t convey the magnitude.

However, by using data visualization in this video, we can relate numbers in the millions, billions, and trillions to create the context to make it more understandable.

Continue reading...

Sunday, September 11 2016

Infographic: Visualizing the Size of the U.S. National Debt

The U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average person to comprehend. How big is the U.S. National Debt?

Continue reading...

Tuesday, August 30 2016

Germans "Lose Faith In Banks", Rush To Buy Safes

First it was the news that Raiffeisen Gmund am Tegernsee, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee, with a population 5,767, finally gave in to the ECB's monetary repression, and announced it’ll start charging retail customers to hold their cash. Then, just last week, Deutsche Bank's CEO came about as close to shouting fire in a crowded negative rate theater, when, in a Handelsblatt Op-Ed, he warned of "fatal consequences" for savers in Germany and Europe - to be sure, being the CEO of the world's most systemically risky bank did not help his cause.

That was the last straw, and having been patient long enough, the German public has started to move. According to the WSJ, German savers are leaving the "security of savings banks" for what many now consider an even safer place to park their cash: home safes.

Continue reading...

Wednesday, August 17 2016

Today in 1971: President Nixon Closes the Gold Window

45 years ago today, on August 15, 1971, President Richard Nixon officially closed the gold window. While US citizens had been forbidden from owning gold or from redeeming their gold certificates for gold coins since the early 1930s, foreign governments still had the privilege of redeeming their dollars for gold. Due to the Federal Reserve’s inflationary monetary policy during the 1960s, foreign governments began to redeem more and more dollars for gold. Attempts to encourage other governments (especially France) not to redeem their dollar holdings were unsuccessful, and there was a very real threat that US gold holdings might eventually be exhausted. So President Nixon decided to close the gold window, thus severing the final link between the US dollar and gold. The removal of the restraint of gold redemption freed the Federal Reserve to engage in more inflationary monetary policy than ever. The effects of that on money supply and official price inflation figures are readily apparent.

Continue reading...

Monday, August 15 2016

Lord Rothschild: Why I've sold hundreds of millions of pounds worth of shares, and bought gold

Central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 per cent of global government debt at negative yields, combined with quantitative easing on a massive scale.

Continue reading...

- page 1 of 7