Gold

Only one thing can explain the backwardation in gold : loss of confidence. Potential buyers of futures reckon there is a significant risk that the contract might not be fulfilled

The gold prices are again under pressure. Another attack without any fundamental logic is happening on the paper markets for gold and silver, markets that have become unreal and fictitious

Egon von Greyerz told that when it comes to markets, “... nothing is real.” He also believes we are seeing a sucker’s rally in stocks.

Venezuelans have just been experimenting one of the risks associated with paper money. Actually, they just lost 46% of their purchasing power in a single day

The correction in gold prices in December doesn’t seem to have scared China, since it imported a record amount of physical gold in that month.

The delivery requests from the COMEX for the month of February are reaching the astronomical amount of 43,26 tons of physical gold, or 1,391,000 ounces of gold to deliver.

So, how do you hold gold ? In a mutualized account ? Do you really have access to your gold ? Can you touch it ? Do you know the exact serial number of your ingots ?

A currency system must be based on an indisputable money base that doesn’t bear the mark of one country. There is only one standard that meets those criteria and that must be gold.

In Switzerland, four members of the Parliament started the « Swiss Gold Initiative » in March of 2012. This movement demands the repatriation of the gold held by the Swiss National Bank

Some investors are disappointed as gold only went up 7% in USD in 2012. After having compounded at over 19% p.a. over 11 years, gold certainly should be allowed to just gain 7% without some people calling an end to the bull market.