Peter's Blog

Don’t Trust “Gold-Backed” COMEX Funds; Take Physical Possession of Your Gold (Video)

Kyle Bass, a well-known hedge fund manager who profitably shorted the subprime mortgage crisis, strongly believes gold investors should take physical possession of their precious metals. Speaking about his role as a fiduciary board member for the University of Texas Investment Management Company (UTIMCO), Bass explained last year why he advised UTIMCO to take physical […]

Negative Interest Rates a Positive for Gold

Negative interest rates are becoming more and more in vogue and that could be good news for gold. Last week, Sweden’s central bank plunged a key interest rate even deeper into negative territory. Riksbanken slashed the rate from negative 0.35% to negative 0.50%. Many analysts anticipated the rate reduction, but the magnitude of the cut […]

Special Video: Jim Cramer & CNBC Now Love Gold (Video)

All of a sudden, everybody has gone bullish on gold, even Wall Street. Within the last couple of days Jim Cramer, the CNBC Nightly Business Report, and Van Eck Global all sang gold’s praises. Cramer said, “There is a bull market in Gold,” and CNBC Nightly Business Report opened the show Monday proclaiming, “Hard assets […]

Going Negative: Analysts See Increasing Likelihood of Sub-Zero US Interest Rates

Mainstream analysts have started seriously talking about the possibility of negative US interest rates in the near future. On the heels of the Bank of Japan dropping a key interest rate to negative 0.1% late last month and indicating it is willing to go deeper into negative territory, Bloomberg reports that American analysts see an […]

Debt Is an Elephant in the Room and It’s Going to Rampage

Debt is crushing the American economy. Over the last month or so, the mainstream seems to have realized that the economy isn’t on nearly as solid ground as government officials and central planners were telling them throughout 2015, and all of a sudden, gold is in vogue. But as we pointed out last week, the […]

Everybody Hopping on Gold Bandwagon, but Signs There All Along

The mainstream world of economics and investment has the attention span of a 12-year-old hopped up on sugar. A couple of months ago, it was all doom and gloom for gold. The Fed was talking interest rate hikes, government spokespersons were claiming victory over the recession, and mainstream analysts were hastily pounding nails in gold’s […]

Local Barter Networks Key to Surviving Economic Crises

We are always told to “be prepared” for a crisis. But what exactly does that mean? We tend to think in terms of stockpiling supplies, or maybe having an evacuation plan. Of course, these are important steps. But there are other less obvious things we can do to prepare for upheavals, particularly when it comes […]

Europe Continued Gold Repatriation at Faster Rate in 2015

Germany ramped up its gold repatriation project last year, joining other European nations bringing gold home. The trend underscores the importance of holding physical gold within easy access. Germany’s Bundesbank transferred more than 210 tons of gold back into the country from vaults in Paris and New York last year. According to the Financial Times, […]

Government Policy No Match for Indian’s Love of Gold

Government regulations are no match for Indians’ love of gold. Try as it might, the Indian government has been unable to stem the tide of costly gold imports, nor stop Indians from hiding billions of dollars in undeclared “black money” by investing in the yellow metal. The latest attempt was a requirement that buyers of […]

“Safe Haven Buying” Boosts Gold Demand in Middle East

We’ve focused a great deal on gold demand in China, India, and Eastern Bloc countries over the last several months, but people in these nations aren’t the only ones buying gold. Demand for the yellow metal is also robust in the Middle East due to what analysts call “safe haven buying.” Despite general sluggishness in […]