Larry Myles Reports
 …exposing the truth in plain view

I 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."  Friedrich Hayek




"Facts do not cease to exist because they are ignored." -- Aldous Huxley

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. Mission Statement.

LMR is an economic commentary blog offering an assemblage of current news, editorial opinion and in-depth reports 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 Rule
Kim Iskyan
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
Zero Hedge
Speaking overnight in Australia, the Fed's Loretta Mester said "helicopter money" could be considered to stimulate America's economy if conventional monetary policy fails.


Some Disturbing Figures About the Upcoming Banking Crisis
Simon Black
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
Kitco News
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
Luke Burgess
The 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 way: up! With that in mind, I thought I would take some time this holiday weekend to give you some tips on buying the physical metals.


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:  2016
Ronald Stoeferle and Mark Valek
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
Automatic Earth
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 say.


A New Balance Of Power In The Gold Market
Zero Hedge
The 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 in May
Greg Robb
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 Import/Export Figures
Lawrence Williams
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 net exporter
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"We Have Reached The Point That Keynes Warned Of In His General Theory."
Christopher Maloney
Now that new warnings about failing central bank policy are emerging every single day, from Deutsche Bank, Citigroup and 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 income 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?   Own gold!



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Larry Myles
Larry Myles Reports
larry@larrymylesreports.com