Category: Articles of Interest

24
Jun
2008

Global Derivatives Market now valued at $1.14 Quadrillion!

The Bank of International Settlements, which seems to be the only institution that tracks the derivatives market, has recently reported that global outstanding derivatives have reached 1.14 quadrillion dollars: $548 Trillion in listed credit derivatives plus $596 trillion in notional/OTC derivatives.

Yes, that is Quadrillion. One and 15 zeroes!

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06
Jun
2008

GI quoted in MarketWatch: Silver’s more than a sparkle in investors’ eyes

Gold and Silver FuturesGI believe all investors should have a precious metals allocation of at least 25% to silver and either buy silver outright now or should transfer from gold to silver at the earliest possible opportunity.

We believe $50 per ounce

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30
May
2008

RTE Primetime: Financial ‘Advice’ Exposed

Following the Thursday night RTE documentary on Irish Financial Advisers, Gold Investments’ Wealth Management Division, Wealth N, would like to issue the following statement: –

The misleading, unethical and disturbing financial ‘advice’ seen in last night’s excellent Primetime programme may only be the tip of the iceberg and we call upon the Financial Regulator to become more proactive in protecting investors, young and old alike, from the predatory, dishonest commission driven financial ad

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19
May
2008

Gold rush fever returns

The Telegraph is reporting today on the ‘New Gold Rush’:

With the discovery of gold there in 1848, the California Gold Rush brought 300,000 people into the state, transforming what was then a backwater into the embodiment of the American Dream.

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08
May
2008

Keeping US petrol below $4/gallon one pump at a time

$3.99 for gas? Well thats what the pump says!

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29
Apr
2008

Max Keiser: Why You Shouldn’t Spend Your Stimulus Check

Stimulus Bull

It might not be morning again in America but Bush hopes to wake up the economy via his Economic Stimulus Act of 2008. The stimulant – pumping more than $152 billion (or about 1% GDP) into the economy via tax rebate cheques – will start arriving in the mailboxes of Americans over the next three weeks.

The plans proponents are optimistic. Hank Paulson, in a speech confirming that no second stimulus plan would be undertaken, believes the $152-billion stimulus plan could create 500,000 jobs this year. Americans would have to spend their money wisely for the plan to have maximum impact. But what if the rebate money is already owed?

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25
Apr
2008

U.S. housing collapse spreads overseas

U.S. housing collapse spreads overseas

“We know we’re already in negative equity,” said Emma Linnane, a 31-year-old university administrator. She bought a cozy, one-bedroom apartment in the Dublin suburbs with her fiancé, Paul Colgan, in May 2006, at the peak of the market. They paid €365,000, or $575,000 – at least $100,000 more than it would fetch today.

 

The bad news regarding the American housing market continue apace. BusinessWeek are reporting that Existing Home Sales Drop for Seventh Straight Month with the national median existing home price dropping 7.7% from a year earlier. That a bubble has burst is clear.

What is not so clear is how much of the contagion has spread worldwide.

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01
Apr
2008

The Great Depression Redux

USA 2008: The Great Depression

The London Independent leads with the headline “The Great Depression” today.

1.1 million Ohio residents alone recieve food stamps, nearly 10% of the Ohio population, and more are elegible.

…and this is no April Fools.

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28
Mar
2008

Bloomberg: Jim Grant on the recent actions of the Federal Reserve (Video)

Jim Grant, founder and editor of the highly respected Grants Interest Rate Observer and one of the world’s leading experts on US and international interest rates and financial markets appeared on Bloomberg’s “Taking Stock” on Tuesday, March 24.

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25
Mar
2008

Ron Paul on CNBC: ‘Abolish the Federal Reserve’

Ron Paul appeared on CNBC’s Kudlow & Company last week; making his case to abolish the Federal Reserve and work back towards the gold standard:

Michelle Cabrera shouldn’t sound so incredulous, didn’t Jim Rogers appear on CNBC just recently saying the same thing?

Int

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