“I’m sitting on cash,” Felix Zulauf said when he was asked in an interview where he was putting his money. With decades of asset management experience under his belt, he’d founded Zulauf Asset Management in Switzerland in 1990. But now he was worried—and has turned negative on just about everything.
Entries in Gold, Silver, & other Metals (23)
Contributed by Charles Kennedy of Oilprice.com. Mongolia was the world’s fastest growing economy last year, driven by foreign investment and rapid developments in its coal, copper, and gold mining sectors. Now all that development could fall apart and the nation’s economy could collapse, due to an ill thought-out law.
A Greek economist’s terse sarcasm: “GDP has decreased by €47 billion in the last five years. Economy is expected to contract by 3.8% in 2013, the 6th straight year of recession! Unemployment has reached 24.7%. Youth unemployment... 55.4%! No worries though—we have the sun, the sea, our cultural background.” And GOLD.
Contributed by Jeff Clark, BIG GOLD. In July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. That premium will ignite the use of solar power – and solar uses a lot of silver.
Contributed by Louis James, Casey Research. Traders who are stuck in an old paradigm are frequently selling gold for the wrong reasons. The most egregious example is that gold often drops when the euro drops. Examining price relationships among the US dollar, the euro, and gold reveals an important pattern for investors.
Contributed by Casey Research. Best-selling author John Mauldin of Mauldin Economics says the EU is only left with choices that range from bad to disastrous. Meanwhile, Republicans and Democrats will have to hold hands and walk off the cliff together to solve U.S. economic problems. Read more about the consequences of those choices and necessary compromises. Exclusive Gold Report interview.
Contributed by Doug Hornig, Casey Research. Although the economic situation for the US looks especially dire right now, there are ways that shrewd investors can protect themselves – and even profit.
Contributed by Casey Research. These “airheads on TV news shows” who “pontificate and tell you what you're supposed to think,” says legendary speculator Doug Casey in this interview, “just read the establishment press releases. They’re no longer the Fourth Estate – a private-sector watchdog and counterbalance to state power – but have become “lapdogs of politicians.” And that’s dangerous, he says.
Contributed by Jeff Clark, Casey Research. No one can say for sure when gold will start its big rise in the current bubble cycle, but there are signs to watch for.
Contributed by Casey Research. The world is becoming "less stable," with "bankrupt governments" looking for more revenues, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. He laments that there is "way too much concentration on the financial markets" and discusses his predictions for the new world market in this second part of the exclusive interview with The Gold Report.
Contributed by Casey Research. It is a deal with the devil: governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. In this exclusive interview with The Gold Report, he discusses his predictions for the new world market.
Contributed by David Galland, Casey Research. Based on my many interactions with investors over the years, I have concluded that there are just two types: Those who have clear goals, and those who don't. Those who do make the money. Those who don't provide the money to those who do (investing is a zero-sum game – for every winner, there is a loser). This thought was made more tangible to me in recent days, based on a personal experience.
Contributed by Jeff Clark, Casey Research. In an amazing interview, Jim Puplava, CEO of Financial Sense News Hour, talks to Jeff Clark about the impact of inflationary or deflationary forces, which one he believes will win out, and the effect it will have on our economy—with some disturbing insights into the dynamics of Japan. Now the world is focused on Europe, and we're seeing all the fallout from that, he says, but the next crisis jumps from Europe to Japan, and eventually to the United States....
Contributed by Jeff Clark, Casey Research. Europeans have a long history of mining, a chunk of the world's natural resources, and a new respect for the environment. But dealing with EU regulations and eco-friendly groups is time-consuming and expensive. So EU countries switched to importing resources. But record joblessness has refocused political agendas: mines can employ a lot of people. For investors, that's exciting news.
Worldwide, central banks are snapping up gold again. Does this mean a bubble is forming? Doug Casey told me in January, "The only thing that scares me is that central banks are buying a lot of gold; they're historically contrary indicators." When it comes to buying gold, central banks have such a poor timing record that they're frequently joked about as a contrary indicator.
Contributed by Louis James and Andrey Dashkov, Casey Research. Copper is sometimes referred to as "Dr. Copper," because the metal is used in so many industrial applications and is essential for many different sectors of the economy, from infrastructure to housing to consumer electronics. That usually makes its price action a good indicator of the state of the global economy.
Contributed by Jeff Clark, Casey Research. Inflation is a natural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. While there can be multiple reasons for inflation, hyperinflation historically has one root cause: excessive money supply. As debts and deficits reach unsustainable levels, politicians resort to diluting the currency to cover their expenses. A tipping point is reached, and investors lose confidence in the currency. Question: can gold keep pace in this extreme scenario?
Contributed by Jeff Clark, Casey Research. Manias have occurred many times—but a mania in gold and gold stocks is the likely result of the balloon in government debt, deficit spending, and money printing. Saying all that profligacy will go away without inflationary consequences seems naïve or foolish. Inflation may not attract investors to gold and silver as much as force them to it.
Contributed by Casey Research. Legendary resource speculator Rick Rule says that the junior resource sector as a whole continually loses money, and that it will always lose money—“it’s inevitable but maybe not imminent” that investors get taken to the cleaners, he says. To top it off, the market is turning truly ugly. And yet, he makes a strong case for careful, disciplined investing in that very sector (video).
Contributed by Casey Research. In an interview with Louis James, John Hathaway, one of the more successful fund investors in the precious metals field, discusses the US's economic outlook and why he's delighted by the current bearish sentiment toward gold. And he isn’t afraid of going against mainstream investment trends.