Physical Gold

In an interview, Ron Paul, who until recently was a Congressman and presidential candidate, had a few comments on the value of the Dollar and the future price of gold. “Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul stated on CNBC.com’s “Futures Now.” According to Mr. Paul, “As long as we have excessive spending, and excessive computerized money, we are going to see gold go up,” this, he reasons, will result … Read More »

The ECRI Forecast

“The stock market has called nine of the last five recessions.” Paul Samuelson. Economic forecasts are notoriously unreliable. Many have failed to recognize a recession until it’s well underway. Generally, forecasters use rigid models based on a set of backwards-looking relationships. The problem is that while economies do operate according to certain principles, there is a great deal of fluidity in the way they react to particular circumstances, and inflexible systems are often incapable of taking this into account. The … Read More »

Spain’s Economic Crisis

The economic uncertainty plaguing Europe has affected US markets as well, making now the best time to seek the safety of a gold investment. Spain has the 5th largest economy in the European Union, and the 4th largest in the Eurozone. And its numbers don’t look good. According to latest statistics, a quarter of the Spanish population is unemployed, raising the total to over 5 and a half million people out of work. The country is currently trying to work … Read More »

Mysterious, ‘Sexy’ Nickel Sells For $3.17 Million

What is the best investment? The last time the Walton nickel was up for sale was 1944, when Walton bought it for $3750. Eighteen years later, Walton was killed in a car accident while on his way to a coin show. Though Walton’s collection was recovered, his family was told that the 1913 Liberty nickel he had with him that day was a fake.

Ponzi Scheme Treasuries?

If the definition of a Ponzi scheme is “Borrowing from one source to pay for another in a seemingly endless loop until no one is left to feed new money into the system at which point the system collapses” , then a number of government programs approach shadowy reflections of a Ponzi scheme. It is something very similar to the Treasuries market where, in the words of Rick Santelli, “The Treasury issues paper and the Fed basically buys the paper … Read More »

“E-Ticket” Ride For The U.S. Economy

In a recent interview, Federal Reserve Bank’s former Chief Economist, David Stockton shared an interesting perspective in regards to the U.S. economy. The Fed presently purchases $85 billion in bonds every month and thereby injects currency into the economy. Stockton looks for the Fed to start drawing down its monetary stimulus program (whatever the current iteration of QE we are in) later this year either in September or December. The furious bond buying aided the U.S. in reducing interest rates … Read More »

Chilean Gold Coins

There are many varieties of Chilean gold coins available, almost as many as there are theories as to how Chile got its name. One suggestion is that the name came from a Native American Mapuche word “chilli” meaning “where the land ends.” Chile is situated on southern half of South America’s west edge and takes up the coastal portion from the southern boarder of Peru to the icy tip of South America’s Tierra del Fuego. Although he was unsuccessful, the … Read More »

MARKET UPDATE – June 7, 2013

From the Desk of Craig Griffin I have written that the economy is in recession according to Economic Cycle Research Institute (ECRI) and that I feel this is a very dangerous stock market! I have followed ECRI’s work closely for over a decade. I have interviewed their co-founder, Lakshman Achuthan over a dozen times since 2000. I remember the summer of 2001, when Lakshman was on the Lou Dobbs Show. ECRI had made a recession call in the fall of … Read More »

Wealth Divergence Again

To hear the Federal Reserve reports, you would think most Americans are rolling in the dough. According to the Fed total household wealth in the first quarter, climbed to a new high of $70.4 trillion. That figure is up from the $66.8 trillion in the boom time of 2007. Add to this the exuberant action of the stock market, and the upward movement of the housing market in areas around the country and we all should feel downright giddy. If … Read More »

Impact of the Fed’s Policies

Americans began 2013 with enthusiasm and celebration as we narrowly avoided the dreaded fiscal cliff. Yet many experts feel that an even bigger cliff is looming on the horizon, and the blame is laid at the feet of the Federal Reserve, whose policies have only served to make matters worse. The Defense Federal Reserve Chairman Ben Bernanke defends the Fed’s monetary policies as regrettable, but necessary. The current debate with Congress is over the raising of the debt ceiling, which … Read More »