Inflation

The hope of a "pivot" by the Fed curbed the appreciation of the dollar, which had just set an all-time record against the Japanese yen. The depreciation of the dollar is benefiting the gold price, which is once again approaching its $2,000 resistance level.

Rising interest rates have led to a significant increase in the burden of public debt. The United States now has to pay over $1 trillion in interest, an amount that has doubled in just nine months. This burden is set to rise considerably further, as most of the debt is short-term, requiring refinanc...

Far removed from the turmoil of the bond markets, gold continues to move ahead without the slightest speculative excess, and in a climate of general indifference.The price of gold in yens is now rising exponentially, just as it would against any currency of a country in a sovereign crisis.

Escalating geopolitical tensions and the risk of aggravation in the context of the Israeli-Palestinian conflict are adding new challenges to a fragmented world. The international economic and financial system can only emerge from this situation weaker, as inflation persists and growth remains weak....

The relationship between gold and real rates broke down when real rates turned positive again. What counts now is the search for solvency, not the search for yield. The return of investment takes precedence over return on investment.

We now have two dangerous wars, maybe we will have a global war. We have a coming collapse of stock markets and debt markets and a banking system which probably will not survive in its present form.

The rise in interest rates initiated by the Fed has had a devastating effect on bonds, which were massively purchased by banks, insurers and pension funds when rates were low. The question is whether this fragility in the banking and insurance sector is likely to trigger a credit crunch.

House prices have only risen for those using government paper to buy them. They're cheaper than several decades ago if you're using real money, i.e. gold.

Inflation seems to be picking up again in the United States. In addition to the geopolitical situation, there is also likely to be a great deal of unrest on the US debt front.

Fifty years to the day after the Yom Kippur War, the Hamas terrorist attack on Israel stunned the world with its brutality and suddenness. It was anticipated that this war would last longer than the previous one (less than twenty days, from October 6 to 25, 1973), with the threat of global repercuss...