First and foremost, as to the purported discrepancy between the price of gold on commodities exchanges and that of physical gold, in my view, any real discrepancy would be jumped on by the arbitragers so fast, it might even break the land-sound barrier. As for the shortage of gold and silver bullion products, we would attribute this to a couple of factors. The first is that there has been some poor planning on the part of the mints…
September 17th, 2008 | David Galland | 1 comment | ContinuedArchive for David Galland
David Galland is the Chairman of Casey Research, publishers of BIG GOLD, an inexpensive monthly advisory dedicated to providing unbiased and actionable research on simple, effective and cautious ways to participate in rising gold markets.
Gold, the Dollar and Inflation
Gold is viewed as tangible money right around the world, and has been for millennia. When the trading herd wakes up to the fact that neither the U.S. dollar nor the euro, nor any other fiat currency, will protect them against the monetary storm that will soon begin tearing the roofs off their cozy offices, they’ll fall all over themselves in the rush for something that will: gold and other tangibles.
August 27th, 2008 | David Galland | 2 comments | Continued
“Scorched Earth Economy” May be the Most Accurate Description the Current Economy
Here at Casey Research we have been on the record as bearish on the outlook for the economy for some years now. Lest you think that is loose boasting, I can offer proof in Doug Casey’s August 2005 article, the dramatically titled “Profiting from the End of Western Civilization”. In that article, he looked ahead and saw the inflation that the government’s loose money policies made inevitable. A quote…
July 11th, 2008 | David Galland | 3 comments | Continued
The Price of Gold Has Not Retreated Permamently
We’ve said for years that there is a very tight correlation between rising oil prices and rising gold prices. While oil prices may moderate at some point - because, again, no market goes straight up or down - the trend is clearly for sustained high prices. This is additional support for the price of gold in our view. So…given gold’s correction, you might go right ahead and sell your gold. I’m hanging on to mine. And if I’m hanging on to my gold, I’m hanging on to my gold stocks.
May 14th, 2008 | David Galland | 0 comments | Continued
Historical Trends of the Price of Gold During Recessionary Periods
From the 1990s until today, Americans have maintained their lifestyles by borrowing. As the American consumer is about to find out, the bill for that lifestyle is coming due.
So where will that lead the U.S. economy? Simply stated, surveying the landscape of current events, many of which are a direct consequence of excessive debt [...]
Price of Gold Will Continue to Climb, Consolidation Phase is Normal
In today’s economic environment, the big money is being made in the natural resource sector.
Certainly, the “easy” money was made by those who invested in the resource stocks before 2000.
But we remain convinced that the big money in the trend is still ahead…especially in the gold market. Since 2000, of course, the price of gold [...]
U.S. Trade Deficit With China Signals ‘Buy Gold’
A quick chat about trade deficits seems timely. Starting with the notion that they are inflationary, right?
Well, technically, they don’t have to be. That’s because, in the absence of government intervention, all a trade deficit should mean is that the people of one country are willing to trade their money for something on offer by [...]
Persian Gulf Tide of Depegging from the U.S. Dollar Flows Into China
Years ago, I recollect hearing a successful currency speculator say that if you wanted to know what a government is going to do with its currency, listen to what they say they aren’t going to do… then expect the opposite.
On March 3, 2007, for instance, we had the following report out of Bloomberg:
“Saudi Arabia, the [...]
Three Types of Investors
There are three types of investors.
By far the largest group would identify with the phrase “go along to get along.” They invest in “ideas” from their broker and mainstream financial rags. If feeling adventurous, they tune in to Cramer’s Mad Money for a hot tip.
There is, in our view, much wrong with that approach. For [...]
U.S. Boomers Are Drowning in Debt
78 million. That figure is the key to steering your portfolio successfully past the reefs of today’s brewing monetary crisis. And, if you play things right, it’s the key to making a lot of money for yourself over the next decade.
78 million is the number of baby boomers who are in or approaching retirement. That’s [...]
