All modern currencies are fiat. The numeraire of the moment floats in a cesspool of policy designed for management and intervention.
The REPO market is the transmission mechanism that drives liquidity. It is breaking down beneath the surface.
When The Bank Espirito Santo catches a cold, watch the world sneeze.
Dr. Jeff Radio interview with Guilded Wealth
If silver prices were to suddenly move back toward natural price equilibrium, there would naturally (not always the best thing) be a rush to get on board.
Parallel phenomena are trickling their way up from the darkness in monetary sentiment.
Silver is not just any old commodity. It is old money. Despite massive efforts and price fixing, clipping and manipulation, it has remained central to monetary and
Despite the persistence of the recovery meme, financial markets are more fragile to risk than ever before.
Price discovery in all commodities is an electronic paper affair. While the macro-economy and the geopolitical provide a distant framework, they do not wield
Primary gold investors versus silver investors are not exactly alike.
The financial powers, in the name of government treasuries (along with the IMF) have a keen eye trained on the lowest hanging fruits of monetary assets. What was once unthinkable is fast becoming...
The missing variable in the great monetary equation is money velocity. We hear it over and over again, "There is no money velocity." And therefore, inflation cannot be a problem and is not.
If you don't hold it, you don't own it. This should be the soothing mantra for all long term precious metals holders.
The real elephant in the room for silver demand may be the oldest form of silver - the demand for silver jewelry.
The particularly ruthless destruction of wealth that disproportionately have an effect on the poor and elderly is a process that slowly, then all at once, destroys the middle class...