the truth in plain view
do not think it is an exaggeration to say history is
largely a history of inflation, usually inflations
engineered by governments for the gain of governments."
"Facts do not cease to exist because they
are ignored." --
Gold is a universal currency - simplistic,
honest and trustworthy. Gold holds value
over the long term.
My goal is to expose the sense and nonsense
of the econo-babble and boil the discussion
down to the fundamentals by providing (only
the) pertinent information.
LMR is an economic commentary blog offering
an assemblage of current news, editorial
pertaining to precious metals, fiat
currencies and the global economy.
Reality based investing - guaranteeing your
financial security through the personal
ownership of physical gold and silver.
One More Reason to Bet on Gold: New Sharia
Right now, most of the world's 1.6 billion
Muslims don't invest in gold. That will
likely change before the end of the year -
opening up a big new source of gold demand.
Fed's Mester Says Helicopter Money "The Next
Step" In US Monetary Policy
Speaking overnight in Australia, the Fed's Loretta Mester said
money" could be considered to stimulate
America's economy if conventional monetary
Some Disturbing Figures About the Upcoming
In early 1870, the Kingdom of Prussia and French Empire
were about to go to war. It was one of
countless conflicts between the dozens of
European kingdoms and empires throughout the
18th and 19th centuries, and this one was
over before it even started.
Prussia’s military might was
legendary. They had recently beaten the
pants off of Austria and Denmark, and they’d
go on to neutralize or capture over 80% of
French soldiers within a matter of months,
while losing just 2% of their own. Very few
wars have been so one-sided.
Japan Sees Strong Retail Gold Demand
Following Brexit Vote
According to Japanese Newspaper Yomiuri
Shimbun, retail gold purchases in the last
week is comparable to demand seen in 2008
following Lehman Brother’s collapse, which
led to the global financial crisis, or in
2014 when the Japanese government raised the
consumption tax rate to 8%.
Best Bullion for Investors
run in precious metals prices doesn't appear
to be through just yet. There are many
betting on $1,400 or $1,500 gold by the end
of the year. Some are wagering the yellow
metal will go even higher. But with a shaky
global economy and little to nothing central
banks can do to help at this point, it's
clear that the general direction of precious
metals over the next several months is one
up! With that in mind, I thought
I would take some time this holiday weekend
to give you some tips on buying the physical
The US Economy: Off the Rails?
Erico Matias Tavares
As we indicated last January the weekly rail
traffic report published by the Association
of American Railroads (“AAR”)
can provide a reasonable snapshot of US
economic performance almost in real time by
looking at diverse categories of transported
goods and commodities. It can also highlight
important changes in trends and areas of
weakness, or red flags.
In Gold We Trust:
Ronald Stoeferle and Mark
As every year at the end of June, our good
friends Ronald Stoeferle and Mark Valek, the
managers of the Incrementum funds, have
released the 144-page
In Gold We Trust report, one of
the most comprehensive and most widely read
gold reports in the world.
Brexit: The System Cannot Hold
Holland, France, Denmark, Italy, Spain,
Hungary, they will all have calls for
referendums. Greece already had one a year
ago. The center cannot hold. Nor can the
system. If referendums were held in all
remaining 27 EU member states, the union
would be a lot smaller the next morning. The
Unholy Union depends on people not getting a
A New Balance Of Power In The Gold Market
Shanghai exchange is a physical market,
where buyers go to get actual gold and
silver. Prices are set by sellers with metal
to move and buyers who want to take
delivery. On the Western paper exchanges, in
contrast, the players mostly gamble on price
movements using futures contracts with very
little actual metal changing hands.
Durable-Goods Orders Sink Across The Board
Orders for long-lasting goods critical to
U.S. economic growth declined across the
board in May, raising further doubts about
the health of the economy in the wake of the
weak jobs report.
More Anomalous Gold Data In Latest Swiss
The latest gold import and
export data from Switzerland, one of the few
countries to report these flows in detail,
as usual open up some interesting insights
into global supply and demand. Overall Swiss
gold exports rose by around 20% month on
month to 177.3 tonnes making the country a
"We Have Reached The Point That Keynes
Warned Of In His General Theory."
that new warnings about failing central bank
policy are emerging every single day, from
Bank of America, among others, here courtesy of Bloomberg's
Christopher Maloney is a brand new
one, one which take a different angle, and
suggests that none other than Keynes
predicted just the "dead end" outcome that
the world finds itself in right now.
Money Velocity refers to the
velocity of money, which is the
frequency at which the average unit of
currency is used to purchase newly
domestically-produced goods and services
within a given time period. In other words,
it is the number of times one unit of
money is spent to buy goods and services
per unit of time. How can America be
in recovery when the velocity of money
continues to drop?
'X' Marks The Spot - Wages Started Losing
When The Dollar Delinked From Gold In 1971
One could of course comment on the actions
of that economic bedlamite, Richard Nixon –
but the chart speaks volumes:
Is it rational to hold a medium of exchange (US dollar)
that has lost 95% of its value since 1913?
Larry Myles Reports