World Is Out of Weapons

Satyajit Das has written an excellent article in Bloomberg which clearly details the risks facing the global financial and monetary system and how central bankers are out of monetary ammunition and weapons.


NOT A BAD PLACE FOR IT. PHOTOGRAPHER: ERWIN WODICKA/ULLSTEIN BILD/GETTY IMAGES VIA BLOOMBERG

Excerpt:

“No one likes to admit defeat. But global policymakers, who continue to insist that there’s more they can do to revive growth and inflation, are starting to sound like Monty Python’s Black Knight (click link to see video), the limbless and mortally wounded warrior who threatens to bleed on his victorious opponent. The truth is that governments and central banks have very few weapons left — and have probably lost any chance they once had of averting a prolonged stagnation.

Secular Stagnation

Clearly, the real economy hasn’t responded as hoped to zero and now negative interest rates. A whole host of factors continue to depress personal spending — high debt, stagnant incomes, unemployment and under-employment, and economic uncertainty. Even the rich, who have benefited immensely from the runup in asset prices, can’t really spend much more than they already are.”

Satyajit Das is an Australian former banker and corporate treasurer, turned consultant, author and academic. His latest book is “A Banquet of Consequences” and he is also the author of “Extreme Money” and “Traders, Guns & Money.”

Important article can be read on Bloomberg here

Gold and Silver Bullion – News and Commentary

Gold prices score highest settlement in 3 weeks (MarketWatch)

Gold prices mostly steady in Asia as investors eye U.S. vote, Fed (Investing)

Gold edges down on firmer dollar (Reuters)

Trump’s Family Fortune Originated in a Canadian Gold-Rush Restaurant and Bar (Bloomberg)

Turn your voice into solid gold with this 3D-printed ring (CNET)

Mobius Says Gold Will Gain in 2017 as Fed Goes Slow on Hikes (Bloomberg)

3 Reasons Why Having Gold Exposure Is Now Essential (Fool.ca)

Indian, Chinese love affairs with gold turn financial (Gata)

The Next Financial Collapse: An Update (DailyReckoning)

I Dislike Gold, BUT Couldn’t Get Any Cash (SRSRoccoReport)

Gold Prices (LBMA AM)

27 Oct: USD 1,269.30, GBP 1,038.29 & EUR 1,162.93 per ounce
26 Oct: USD 1,273.90, GBP 1,043.45 & EUR 1,166.13 per ounce
25 Oct: USD 1,269.30, GBP 1,037.53 & EUR 1,165.85 per ounce
24 Oct: USD 1,267.00, GBP 1,034.89 & EUR 1,163.61 per ounce
21 Oct: USD 1,263.95, GBP 1,033.79 & EUR 1,160.69 per ounce
20 Oct: USD 1,269.20, GBP 1,034.65 & EUR 1,156.75 per ounce
19 Oct: USD 1,269.75, GBP 1,031.29 & EUR 1,154.97 per ounce

Silver Prices (LBMA)

27 Oct: USD 17.66, GBP 14.41 & EUR 16.16 per ounce
26 Oct: USD 17.66, GBP 14.46 & EUR 16.17 per ounce
25 Oct: USD 17.73, GBP 14.49 & EUR 16.30 per ounce
24 Oct: USD 17.64, GBP 14.41 & EUR 16.19 per ounce
21 Oct: USD 17.51, GBP 14.34 & EUR 16.08 per ounce
20 Oct: USD 17.60, GBP 14.35 & EUR 16.03 per ounce
19 Oct: USD 17.69, GBP 14.38 & EUR 16.11 per ounce


Recent Market Updates

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– Silver Eagle Demand ‘Returned with a Vengeance’
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Mark O'Byrne

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