Debt

The state of the world necessitates holding gold as life insurance. Whether gold reaches $2,000, $20,000 or $200 trillion has nothing to do with the value of gold but all to do with a bankrupt financial system and worthless fiat currencies.

Egon von Greyerz and Matthew Piepenburg discuss recent, headline-making swings in the global gold market and political landscape.

We take another deep dive into the lessons of history, math and objective facts as one year replaces another in a global market increasingly on edge.

With zero interest rates, the government has locked savers into a trap from which it is difficult to escape, but it is to its advantage, since it can finance its budget deficit at a lower cost. How does it do this? We must begin by asking the question: Why do banks and insurers buy debt that brings them little or nothing in return?

The smart money understands the difference between staying rich and getting rich. Physical gold, as a timeless (rather than trendy or passẻ) instrument of wealth preservation, serves as the historically-confirmed and surest way to ensure one’s wealth against the ravages of currency debasement.

Gold and silver closed out their best years since 2010 following a year of unprecedented volatility brought on by the Covid-19 pandemic. What are the various factors that could influence the price of gold in 2021 ?

Egon von Greyerz, Ronnie Stoeferle and Grant Williams discuss debt, inflation, “re-sets,” Bitcoin and thoughts on 2021. Looking forward, each share insights on: continued wealth disparity, the disconnect between rising markets and tanking economic conditions, vaccine hopes, capitalism’s “death” at the hands of central-bank-driven distortions, rate moves, market direction and, of course, the undeniable role of gold.

Neither journalists, nor investors understand that gold doesn’t go up at all. Since gold represents constant purchasing power, it is not gold that goes up but the value of paper money that goes down.

Gold, for its part, has an unrivalled track record in this category, it is simply number one. This is the best way to "flee" from money without going to an asset in a bubble situation, and thus risking collapse. It remains by far the best way to preserve the purchasing power of capital in the long term, and to escape the "invisible tax" that weighs on all savers.

Zombie companies are those with infinitely more debt than available cash, yet due to their size, enjoy unfair access to low-rate debt/capital and stay “alive” only by borrowing today to pay yesterday’s interest, and then borrowing tomorrow to pay today’s debt interest.