Inaction is a decision too when it comes to safe investing. Of course, you can always add to your portoflio if you are a long-term investor. For the time being, I am keen to accumulate gold. We may still be in a deflationary environment but the impending inflation from all the printed money is no laughing matter.
Record credit-card defaults in the United States are set to expose severely under-capitalized U.S. banks. Along with soaring default rates in every category of U.S. debt, this will lead to the banker-beggars looking for more blank-cheques from their errand-boy, Tim-the-tax-cheat Geithner – later this year.
For nearly 5,000 years, the price ratio between gold and silver has averaged approximately 15:1. This number is very close to the 17:1 ratio which represents the natural occurrence of the two elements in the Earth's crust. It is interesting to note, however, that through most of history the price ratio has favored silver.
On February 1, 2008, the day that Canadian Prime Minister Stephen Harper appointed Mark Carney as the new Governor of the Bank of Canada, Canada's currency was soaring at a multi-decade high – well above par versus the U.S.
Most investors and pundits are celebrating the green shoots of economic stabilization and the belief that there will be a "V" shaped recovery in GDP growth. I believe, however, that what we are experiencing is just an artificially derived respite and that we have only entered the eye of our debt induced hurricane.
In Part I of this series, I provided a brief exposition on the birth of silver mining, and explained how and why silver came to be universally considered a “precious metal” (and “money”) by humanity.In Part II, I will provide an outline of the development of silver mining, and the huge growth of global, silver stockpiles which accompanied such production-growth – and which ended in the l
Given the rate in which our species is over-populating this planet, in some of my more pessimistic moments, I have envisioned a world where we are all waist-deep in our own “waste”. How ironic would it be if our species' own waste products turned out to be our energy-salvation in the future?A Reuters story demonstrates that such a future is at least plausible.
There was yet another news item out on June 8th concerning still more investing by China in the infrastructure of another commodity-producing nation. While there was nothing especially noteworthy about this one, particular investment, it does not only reinforce an obvious trend – but also counters yet another myth about China's investment policies.The media in the “old” economies of U.S.
Markets can fall of their own weight, even as they look for a reason to rally. This one was doing just that on Monday when Nobel Prize- winning Princeton University economist Paul Krugman predicted that the U.S. economy will probably emerge from recession by September. The market woke up from its lethargic trance and rallied sharply on the comments, recouping the morning’s losses.
