Monday, 30 April 2012
Friday, 27 April 2012
Warren Buffet prefers to invest in income producing assets rather than non-producing assets such as gold. He claims that just about the only reason people buy gold is because of fear. But beneath Buffet’s case against gold might lie a motive to support the US dollar. By discouraging investment in gold, Buffet supports the US dollar.
Wednesday, 25 April 2012
The notion that people should be given power to make their own laws has always conflicted dangerously, and at the most fundamental level, with the Islamic knowledge that all law comes from Allah, and from Allah alone.
Tuesday, 24 April 2012
The west's strategy of short selling gold into Chinese hands is "novel" and "courageous". China's plans to pay gold, and to barter other produce, to purchase Iranian oil follows India's similar intent. The increasing denomination of international trade in gold and barter produce instead of the US dollar global reserve currency is significant.
Monday, 23 April 2012
Thursday, 19 April 2012
The Chinese yuan's role as an international currency continues to grow, offering an alternative to the US dollar global reserve currency. UK institutions seek to make London a yuan trading and investment hub, according to this Bloomberg article, which I acknowledge.
Wednesday, 18 April 2012
Avery Goodman has written an excellent explanation of the US derivatives situation, in which he argues that the astronomical value of US issued derivatives has created a frightening concentration of risk. That is why large scale quantitative easing (money printing) will continue indefinitely, causing high inflation.
The five largest US banks, guaranteed government support for being "too big to fail", have grown significantly larger. Almost no progress has been made on reducing the financial system's exposure to banks which are "too big to fail".
Tuesday, 17 April 2012
"Gold returning to the mainstream - part two" follows "How gold can be returned to the mainstream monetary system - part one", by Julian Phillips.
Wednesday, 11 April 2012
I found this article interesting: "How gold can be returned to the mainstream monetary system - part one", for which I acknowledge Julian Phillips.
Tuesday, 10 April 2012
Monday, 9 April 2012
Sunday, 8 April 2012
Tuesday, 3 April 2012
Peter Shiff argues that if he were head of the German Central Bank (Deutsche Bundesbank) he would have all of Germany's gold, 66% of which is currently held in the USA, repatriated to Germany, and, that he would have Germany exchange their US dollar reserves for gold bought on the free market.