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Will a Saudi Collapse Translate Into Soaring Gold and a Falling Dollar?

"If something happens in Saudi Arabia it (oil) will go to $200 to $300 (a barrel). I don't expect this for the time being, but who would have expected Tunisia?" – Former Saudi oil minister Sheikh Zaki Yamani 4/5/11 

In my view, Sheikh Zaki Yamani's oil price prediction would be the least of our ...

Read more: Will a Saudi Collapse Translate Into Soaring Gold and a Falling Dollar?

Reads: 746

Price Inflation Strikes South America, Too, IMF Warns

Latin America pressed on rising inflation ... The International Monetary Fund warned Latin America on Saturday that economies across the region are overheating, and Canada urged policymakers not to underestimate the risks from rising inflation. The calls for caution contrasted with an upbeat mood ...

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Reads: 1284

Keeping the State’s Money in the State: An Alternative Solution to the Budget Crisis

Keeping the State’s Money in the State: An Alternative Solution to the Budget Crisis

Cut spending, raise taxes, sell off public assets – these are the unsatisfactory solutions being debated across the nation; but the budget crises now being suffered by nearly all the states did not arise from too much spending or too little taxation. They arose from a credit freeze on Wall Street. ...

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Reads: 1283

Gold Reaches New All-Time High; Silver at 31-Year High

Gold Reaches New All-Time High; Silver at 31-Year High

Commodity prices are on the way to new record highs; according to the opinion of many market participants, the main reason for this is growing geopolitical tensions. The riots in the Middle East have escalated and the sovereign debt crisis in Europe has once again captured investors´ attention ...

Read more: Gold Reaches New All-Time High; Silver at 31-Year High

Reads: 1399

Iran Confirmed as Big Gold Bullion Buyer

Iran Confirmed as Big Gold Bullion Buyer

Gold Money

The gold price has returned to familiar chart territory at just under $1,430 per ounce, following a strong recovery last Thursday and Friday that saw gold close for the week at $1,419. Bids have also been returning for risk trades, as the nuclear situation in Japan has improved and central ...

Read more: Iran Confirmed as Big Gold Bullion Buyer

Reads: 1020

Fed and Inflation

Fed and Inflation

Last week, the subcommittee which I chair held a hearing on monetary policy and rising prices. Whether we consider food, gasoline, or clothing, the cost of living is increasing significantly. True inflation is defined as an increase in the money supply [monetary inflation]. All other things being ...

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Reads: 886

Gold Price Still Going Strong Despite the Japanese Earthquake

Gold Price Still Going Strong Despite the Japanese Earthquake

The earthquake that struck Japan on Friday March 11 was the worst in decades. In addition to the massive loss of life, it will have devastating economic consequences. I estimate the direct cost of the earthquake and tsunami at more than 10 trillion yen, as many offices and factories were destroyed. ...

Read more: Gold Price Still Going Strong Despite the Japanese Earthquake

Reads: 730

Bill Bonner on the Failing US Bond Market, the Coming Hyperinflation and the End of the Dollar Reserve System

Bill Bonner on the Failing US Bond Market, the Coming Hyperinflation and the End of the Dollar Reserve System

Bill Bonner: The Chinese only have the illusion of control. The Chinese economy will blow up.

The Daily Bell is pleased to present another exclusive interview with Bill Bonner).

Introduction:Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous ...

Read more: Bill Bonner on the Failing US Bond Market, the Coming Hyperinflation and the End of the Dollar Reserve System

Reads: 1135

Geopolitical Environment Favourable for Gold and Silver Prices

Geopolitical Environment Favourable for Gold and Silver Prices

The gold price recovered in Friday's trading session, with the US dollar again under pressure against other major currencies. Besides the falling external value of the dollar, the announcement of a rising gold position in one of the world’s largest Exchange Traded Funds (ETF) was a good supporting ...

Read more: Geopolitical Environment Favourable for Gold and Silver Prices

Reads: 827

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