The Fed’s Slippery Slope

The Fed’s Slippery Slope

We can all be very confident that there will be no change to monetary policy for a very, very long time. But there is a fiscal cliff coming—and indeed has already begun.  It is clear that Mr. Powell is all-in on his unlimited QE and ZIRP. And, that he is...
Who Drives The Bus? UK Gold Import 996t In 2019

Who Drives The Bus? UK Gold Import 996t In 2019

The UK net imported 996 tonnes in 2019, according to data published by Eurostat. Contrary to what investors often assume, the price of gold is not determined by consumer demand such as jewelry or coins. What drives the gold price is institutional (supply and)...
The Return of Hyperinflation in Zimbabwe

The Return of Hyperinflation in Zimbabwe

It has been over a decade since Zimbabwe was ravished by one of history’s worst experiences in hyperinflation, reaching 79,600,000,000 percent as prices doubled approximately every 24.7 hours in November of 2008. Today under new leadership, it seems as...