Publications



The Dollar Leads the Way, Until When?

Published by Philippe Herlin | Sep 29, 2022 | 11505

The dollar's good shape is in stark contrast to other major currencies, but paper currencies are all plagued by the insidious evil of inflation. The dollar is doing well at the moment, but as the saying goes, "In the kingdom of the blind, the one-eyed man is king".

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The Fed's Second Consecutive Monetary Policy Mistake

Published by Laurent Maurel | Sep 20, 2022 | 12104

The Fed's first mistake was to miss the start of inflation. We may now be witnessing the second mistake: in trying to create a useful recession to fight inflation, the US central bank is ignoring the unprecedented and irreversible impoverishment that the sudden rise in rates threatens to create.

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Bond Market Illiquidity Creates Systemic Credit Risk

Published by Laurent Maurel | Sep 14, 2022 | 9950

The bond issue risks complicating the liquidity of the US Treasury market.The risk is that they will lose their status as a reserve asset, which would create a systemic risk. The confidence in the value of US debt is at stake. In this perspective, the purchase of physical gold becomes very important...

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Supply and Demand Sensitivity of Physical Gold

Published by Thomas Andrieu | Sep 13, 2022 | 13104

How does the price of gold coordinate the players in the gold market? Investors, miners, central banks, funds, individuals, etc. How has the behavior of each of these agents been historically influenced by the price of gold? This question is rarely asked by market specialists and yet deserves to be...

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The Era of Fake Money is Gone

Published by Egon Von Greyerz | Aug 30, 2022 | 3392

Egon von Greyerz says massive money printing and huge amounts of unpayable debt will lead to a monster financial meltdown soon. The era of Shangri-la and money printing and saving the world by fake money—that era is totally gone.

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