Weekly Wanderings 25 November 2010 More problems in the Eurozone So Ireland is under the gun yet again.  Interestingly, it appears that Ireland’s government was not exceptionally profligate during the boom times – they have just become a victim of the euro structure. It’s hard to see at this stage which of two alternatives will eventuate – will it be...

by Egon von Greyerz – Matterhorn Asset Management This month we will discuss the illusion of gold going up. We will  examine the destiny of the dollar and why it will reach its intrinsic value of zero. We will also demonstrate why money printing will accelerate rapidly in the next 12-24 months. Paper Money Collapsing against Gold The problem with paper money...

Today we read one of the best overall summaries of where the global economy currently sits.  Not from an economist.  Not from a Central Banker.  Not from a financial advisor.  But from the Board of a slightly unusual gold company we closely follow– Seabridge Gold.  Invest a few minutes of your time to read the full “Gold Market” excerpt from...

Aug 16, 2009

As we discussed in “Green Shoots? – Don’t believe the hype”, we believe comments coming from world and central bank leaders and economists that the worst of the recession may be behind us are likely very premature. They’re still coming though.  For example here in New Zealand, BNZ bank economists recently stated that the housing market may drive the...

Aug 16, 2009

The 6 August 2009 Statistics New Zealand press release for the Household Labour Force Survey told us that… In seasonally adjusted terms, the unemployment rate continued to rise, reaching 6.0 percent during the June 2009 quarter… Both the number of people unemployed and the unemployment rate have been increasing for the past six quarters. The unemployment...