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Fed To Markets: Buy Gold And Silver

by John Rubino on January 25, 2012

The Fed just spoke. Here’s a slightly edited transcript: Blah blah blah … the economy has been expanding moderately … blah blah blah boilerplate inanity blatant lie … the Committee seeks to foster maximum employment and price stability …. To support a stronger economic recovery and to help ensure that inflation, over time, is at [...]

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Precious Metals Stocks: Diversify, Seriously

by John Rubino on January 20, 2012

Gold and silver mining stocks will be the dot-coms of the second half of this decade. Yet most of the people who bet on them will lose money because they ignore the first rule of speculative sectors, which is that no matter how well the sector does, most of its constituent companies will fail. This [...]

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Are We Really Going To Bomb Iran?

by John Rubino on January 16, 2012

Just based on national balance sheets, 2012 will be somewhere between challenging and catastrophic. But debt and deficits might be the least of our near-term problems if Jim Rickards is right. In his latest King World News interview he predicts yet another war, “sooner rather than later”: Iran will not be allowed to have a [...]

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Welcome To The Third World, Part 4: Boomers Reap What They’ve Sown

by John Rubino on December 19, 2011

It was fun while it lasted. We Baby Boomers got to diss our elders when we were young and borrow without restraint through middle-age. Few generations have traveled such a smooth stretch of financial/psychological highway. But now that we’re…old…the world we created isn’t so congenial. Our savings are inadequate, jobs are scarce, and retirement, as [...]

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Currency Wars: “Strong Yen Is Destroying Japanese Industry”

by John Rubino on December 12, 2011

The thing to understand about inflation is that if one major country does it, all the others have to do it too. A single country can benefit by making its currency less valuable, because a falling exchange rate gives its exporters a pricing edge in global markets. But the pop in exports comes at the [...]

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This is Europe’s “Powerful” Plan?

by John Rubino on December 8, 2011

Europe’s leaders have convened another summit meeting that will, they promise, put all the break-up speculation to bed once and for all. But the ideas that were floated pre-meeting are, um, logically challenged. Consider this excerpt from a recent Wall Street Journal article: The Pitfalls of Merkozy’s Third Way …Perhaps the markets are simply relieved [...]

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Gold Miners Are Growth Stocks Now

by John Rubino on November 3, 2011

Earnings season has, so far, been a mixed bag for most industries. But for gold and silver miners this is one for the record books. One of the selling points of precious metals miners is that they’re “leveraged to the gold/silver price”, which means a small move in the price of the underlying metal produces [...]

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Welcome To The Third World, Part 2: Real Lives

by John Rubino on November 1, 2011

Yesterday’s Wall Street Journal devoted an entire page to the differences between today’s economy and a typical recovery: Slow Recovery Feels Like Recession Americans are two years into a recovery that doesn’t feel much different to many of them from life during the most bruising recession in seven decades. Scenes of the long haul back [...]

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What Would Happen if Goldman Sachs Disappeared?

by John Rubino on October 24, 2011

As Europe grinds out yet another doomed banking system rescue plan, it might be helpful to examine the underlying assumption, which is that we need these big banks. Do we really? If Goldman Sachs, JP Morgan Chase, Deutsche Bank, Crédit Lyonnais and five or six of their peers ceased to exist tonight, what would happen? [...]

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Worried About Silver? Listen to Eric Sprott’s Stump Speech

by John Rubino on October 21, 2011

Hedge fund manager Eric Sprott’s speech at this week’s Silver Summit turned a room full of nervous precious metals owners into pumped-up silver buyers. Some of the highlights are posted below, and here’s a link to a recent Financial Sense interview where he makes many of the same points. The US Mint sells about the [...]

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