Over the past decade or 2 it’s been argued that the use of hedging by gold miners – encouraged by their investment bankers – has been a factor in suppressing gold prices.  However in the past few years most miners have de-hedged to allow themselves to have exposure to the ongoing rise in gold prices.  The following article looks at whether...

…what if history is not cyclical and slow-moving but arhythmic, at times almost stationary, but also capable of accelerating suddenly, like a sports car? What if collapse does not arrive over a number of centuries but comes suddenly, like a thief in the night… dramas lie ahead as the nasty fiscal arithmetic of imperial decline drives yet another great power...

Jul 31, 2010

An article on Stuff.co.nz this week was headlined “Bullion bullish but beware the bears”. The excerpt below is taken from the beginning of the article (emphasis added is ours): The price of gold, now near nominal highs at more than US$1180 an ounce, is expected to climb further, analysts say. However, they warn New Zealand investors should be wary of...

This week, we look at… possible defaults of the 3 major foreign debtors, Peak Gold, Fake Gold and what one might invest in after gold tops out – not yet, we hasten to add!   SMART INVESTOR!!! Martin Hutchinson is an experienced international banker. In the article below, he considers the possible effects of holding large amounts of foreign debt....

Following on from our earlier article “Why are gold mining producers reducing their gold hedge books?” is the recent ‎announcement by the worlds biggest gold producer Barrick Gold, that it too is ‎finally unwinding its profit strangling forward gold sales contracts.‎ The following article is by Professor Antal Fekete  a ‎monetary scientist we very...