March 14, 2024

Visualizing All of the U.S. Currency in Circulation

By Marcus Lu – Visual Capitalist Have you ever wondered how much U.S. […]
December 20, 2023

Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt?

By Wolf Richter –  WOLF STREET Foreign holders have not kept up buying the the incredibly […]
December 19, 2023

Visualizing $97 Trillion of Global Debt in 2023

By Niccolo Conte – Visual Capitalist Global government debt is projected to hit $97.1 […]
December 19, 2023

Central banks brought excessive inflation. Now they bring stagnation

By Daniel Lacalle Although the Federal Reserve and the European Central Bank’s message regarding interest rate cuts […]
December 19, 2023

US Frackers Return to Haunt OPEC’s Pricing Strategy

By Yahoo Finance (Bloomberg) — OPEC’s one-time nemesis — US shale — is […]
December 13, 2023

Developing Countries Receiving the Most Loans from China

By Marcus Lu According to the IMF, the most indebted poor countries in […]
December 12, 2023

A Farewell to Cash

By Willem H. Buiter – Project Syndicate While proponents of central bank digital […]
December 6, 2023

Visualizing the Rise of the U.S. Dollar Since the 19th Century

By James Eagle As the world’s reserve currency, the U.S. dollar made up 58.4% of […]
December 4, 2023

Will High Interest Rates Trigger a Debt Disaster?

By James K. Galbraith – Project Syndicate Once again, larger deficits and higher […]
November 30, 2023

US Trade deficit 2024

By Alasdair Macleod No one is talking about the US trade deficit in […]
November 29, 2023

Gold surges, dollar declines on Fed official’s remark & geopolitical unrest

By Gary Wagner – Kitco A major component of today’s strong upside move […]
November 3, 2023

The future for fiat

By Alasdair Macleod The day of reckoning for unproductive credit is in sight. […]
November 3, 2023

Mounting Deficits Mark the US’s Road to Ruin

By Daniel Lacalle According to the U.S. Treasury, year-end data from September 2023 […]
September 15, 2023

U.S. Dollar Defends Role as Global Currency

By Katharina Buchholz The de-dollarization of the world economy has been thrust back into […]
September 15, 2023

Currency wars versus gold standards

Russia and the Saudis are driving up oil and diesel prices. But these […]
September 12, 2023

How Global Currencies End

By Barry Eichengreen Whether the dollar retains its global role will depend not […]
September 1, 2023

The Upcoming Gold Bull Market: How High Will Gold Prices Go?

By Goehring & Rozencwajg Gold is no different than any other asset class: […]
August 30, 2023

America’s debt problem is only getting bigger- Richard Mills

2023.08.30 The US officially has a debt problem, in the present and in […]
August 30, 2023


2023.08.30 美国目前以及未来都正式存在债务问题。截止到目前,美国的国债总额略低于 33 万亿美元,占国内生产总值(GDP)的 122%!然而,更大的问题在于其增长速度,导致利息支付不断膨胀。 根据国会预算办公室(CBO)的预测,未来 30 年的利息支付将达到约 71 万亿美元,并在 2053 年占据所有联邦收入的 35%。 […]
August 28, 2023

Will the BRICS Dethrone the U.S. Dollar?

By Daniel Lacalle The summit of the so-called BRICS (Brazil, Russia, India, China, and […]
August 27, 2023

Does an Expanded BRICS Mean Anything?

By JIM O’NEILL Now that the BRICS (Brazil, Russia, India, China, and South […]
August 16, 2023

The three minerals indispensable to decarbonization – Richard Mills

2023.08.16 Faced with the grim prospect of falling short of our climate targets, […]
August 16, 2023


2023.08.16 面对达不到气候目标的严峻前景,寻找更多实现电气化和脱碳所需的矿物的竞赛变得越来越重要。 提供整个全球能源行业分析和数据的国际能源署 (IEA) 预测,到 2040 年,用于电动汽车和电池存储的矿物需求将增长至少 30 倍。 锂的增长应该是最快的,在可持续发展情景中,需求增长超过 40 倍,其次是石墨、钴和镍(约 20-25 […]
July 24, 2023
Why are central banks buying gold and dumping dollars?

The US Reserve Currency & Commodities

By Goehring & Rozencwajg Incredibly, by 2016 commodity prices had sold off to […]
July 20, 2023

A Catastrophic Debt Implosion Can Be Incredibly Quick

By Egon von Greyerz  In spite of unprecedented risks in investment markets, for the […]
July 9, 2023

Zoltan Pozsar: New World Monetary Order, Dedollarization and the Role of Gold

2023.07.09 We are moving into a multipolar reserve-currency world where the dollar will […]
May 25, 2023

The end of King Dollar? The forces at play in de-dollarisation

By Naomi Rovnick and Libby George Rivalry with China, fallout from Russia’s war in Ukraine and […]
May 24, 2023

Interest on the debt on track to exceed military expenditures – Richard Mills

2023.05.24 The US national debt is again in the spotlight, as congressional leaders […]
April 22, 2023

U.S. Debt: Visualizing the $31.4 Trillion Owed in 2023

By Julie R. Peasley Can you picture what $31.4 trillion looks like? The […]
April 18, 2023

Ascent of central bank digital currencies bodes well for gold – Richard Mills

2023.04.18 The days of paying for something with cold, hard cash may be […]
April 18, 2023


用现金支付的时代即将结束了。疫情加速了我们向无现金经济的过渡,如今消费者更喜欢手机银行或数字钱包的便利性。 皮尤研究中心的一项新调查显示,如今,大约 41% 的美国人表示他们在一周内的购物都不是用现金支付的,高于 2018 年的 29% 和 2015 年的 24%。 据加拿大领先的信用卡和借记卡处理公司 Moneris […]
April 13, 2023

It’s all hotting up

By Alasdair Macleod Increasing numbers of national governments are abandoning the US sphere […]
April 10, 2023

Role Reversal: The Collapse of the Dollar-Enforced Empire

By Patrick Barron The American empire is not enforced by walls with armed […]
April 7, 2023

Status of US Dollar as Global Reserve Currency

By Wolf Richter The share of the US-dollar as global reserve currency dropped […]
April 6, 2023

The Countries Bailed Out by China

By Katharina Buchholz Bailout amounts provided by China remained quite low in the 2000s […]
April 5, 2023

The Dollar Is In Trouble! Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive

By Michael Snyder For decades, the U.S. dollar was the undisputed king of […]
March 31, 2023

Ex-Goldman chief economist calls on BRICS to challenge USD’s dominance as China leads de-dollarization trend

By Anna Golubova Former Goldman Sachs chief economist Jim O’Neill is calling on […]
March 28, 2023

De-Dollarization: More Countries Seek Alternatives to the U.S. Dollar

By Bruno Venditti The U.S. dollar has dominated global trade and capital flows […]
March 26, 2023
Why are central banks buying gold and dumping dollars?

US bank trouble heralds end of dollar reserve system

By DAVID P. GOLDMAN The US banking system is broken. That doesn’t portend more […]
February 21, 2023

The world’s $13trn interest bill

By The Economist After a calm 2010s, in which interest rates hardly budged, inflation is putting […]
February 7, 2023

Central Bank Digital Currencies Could Bring Hyperinflation

By Daniel Lacalle 2023.02.07 The monster inflation we’ve endured these past years first […]
January 28, 2023

As West, Debt & Stocks Implode, East Gold & Oil Will Explode

By Egon von Greyerz 2023.01.28 “The risk of over-tightening by the European Central Bank […]
January 21, 2023

Global South: Gold-backed currencies to replace the US dollar

By Pepe Escobar 2023.01.21 When Bretton Woods was created the US possessed most of […]
December 31, 2022

The 50th anniversary of Nixon’s colossal error Repost – Richard Mills

It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.

Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.

In this article, we explain why President Nixon did what he did, and why every promise that unshackling the US government from the requirement of maintaining the dollar's value in terms of gold would mean for the United States, has been broken.
October 19, 2022

Walking dead US dollar – Richard Mills

2022.10.19 For more than a year, the US dollar has been gaining strength […]
September 2, 2022

Russia proposes new precious metals exchange to compete with LBMA

2022.09.02 Russia’s invasion of Ukraine may have the unforeseen consequence of weakening the […]
August 8, 2022

Competition for US dollar intensifying

2022.08.08 The US dollar is the most important unit of account for international […]
June 18, 2022

US sanctions against Russia accelerating de-dollarization

2022.06.18 The dollar is the most important unit of account for international trade, […]
May 4, 2022

Gold as money gaining popularity, what’s in your wallet?

2022.05.04 The allure of gold goes back thousands of years.  Due to its […]
April 29, 2022

MMT, emerging markets and the scramble for resources

2022.04.29 In our last article, we discussed a proposed new economic model for […]
April 27, 2022

China will be poster child for developing countries MMT

2022.04.27 Modern Monetary Theory, or MMT, posits that rather than obsessing about how […]
February 7, 2022

As US national debt hits $30 trillion, higher borrowing costs & negative real yields will make it harder to finance

2022.02.07 The United States reached a new milestone this week, but it’s nothing […]
October 15, 2021

Is the US willing to give up the world’s reserve currency to fix its trade deficit?

2021.10.15 The balance of trade is an important barometer of a country’s economic […]
September 12, 2021

In Gold We Trust

2021.09.12 Inflation is one of the best determinants of gold price movements, because […]
September 8, 2021

The Debt Trap Part Three: A Debt Jubilee

2021.09.08 Lower interest rates and massive asset purchases by central banks are the […]
July 16, 2021
Sprout-less Gold now Tier 1 Capital

‘Lower for longer’ interest rates + non-transitory inflation keep the shine on gold

2021.07.16 At AOTH we are invested in commodities we expect are going to […]
June 10, 2021

Investors beat central banks and jewelry, as having the most influence on gold prices

Our research shows that most retail investors, who are the main drivers of gold’s price, trust gold more than fiat (paper) currencies to preserve their purchasing power. When debt soars, when real interest rates go negative, when cash becomes trash, gold shines brightest.
May 25, 2021

Peak mined silver reached

According to Sprott Insights, the three areas of growing demand — solar, 5G and automotive — potentially account for greater than 125 million ounces, annually, in 10 years. Where is this new silver supply going to come from?

Their conclusion? “We do not see enough supply growth to offset the demand growth,” with mine supply falling since 2016 and “we do not see enough projects in development to generate the kind of production levels in question, at least not at current silver prices.”
May 24, 2021

Max’s exploration success at CESAR project comes right as copper enters “super bull” territory

Energy and precious metals explorer Max Resource Corp. (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D2) continues to make significant progress at its flagship CESAR project in northeastern Colombia, along what is considered to be the world’s largest copper-producing belt in the Andean.
May 17, 2021

Gold historically follows inflation higher. Will it do so again?

According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).

According to the World Gold Council, gold is the third most consistently bought investment (46%), behind savings accounts (78%) and life insurance (56%).

Precious metals are among the best places to park your money in times of economic or political distress.
May 15, 2021

New Found Gold, Eric Sprott show confidence in Exploits with $8M upsized private placement

Shareholders in Exploits Development Corp (CSE:NFLD, FSE:634-FF) were rewarded this week with an explosive move in the stock price following an announced $8 million financing.
May 15, 2021

Codebase Ventures’ Arcology platform moves one step closer to public testnet

One company that aims to address the common problems faced by blockchain networks is Arcology, a blockchain company 30% owned by Codebase Ventures Inc. (CSE: CODE) (FSE: C5B) (OTCQB: BKLLF).

Inspired by the challenges associated with ethereum's mass adoption, the Arcology team is developing a radically new blockchain ecosystem designed to scale at unprecedented speed by reducing costs and increasing enterprise capabilities.
May 3, 2021

Gold to benefit from mounting US debt pile

Climbing yields, as investors rotate funds out of bonds into stocks, on increasing confidence in the economy, is the primary reason why the prices of precious metals gold and silver have pulled back in recent weeks. For now.
April 29, 2021

Gold, silver, inflation and Quantifornication ‘out the wazoo’

While precious metals have somewhat been subdued over recent weeks, there’s a storm brewing that could set gold, and by extension silver, on an upward trajectory once again.
April 29, 2021

Silver to hit $30 on expected 8-year-high demand

According to the Silver Institute, global demand for silver will rise to 1.025 billion ounces in 2021, the highest in eight years, led by investments in industrial and investment-grade physical silver, ie., bars and coins.

“The outlook for the silver price in 2021 remains exceptionally encouraging, with the annual average price projected to rise by 46 percent to … $30,” it said in a statement.
April 17, 2021

Mined gold supply still not keeping up with demand

With gold prices rising 22% in 2020, a pertinent question is whether the world can produce enough of the precious metal to meet rising demand — especially considering we are entering what could be a particularly ugly period of inflation
April 14, 2021

Inflation, real interest rates revisited

Gold prices ticked higher on Tuesday after inflation data showed US consumer prices rose in March for the fourth straight month and inflation hit its highest level in 2.5 years.

The US Federal Reserve, whose dual mandate is to keep inflation in the “Goldilocks zone” of around 2% and to control unemployment, has been downplaying inflation, telling the public that even if prices rise, it will only be temporary.
April 6, 2021

Under the Spotlight – Exploits Discovery Corp.

Exploits Discovery Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The Company holds the Middle Ridge, True Grit, Great Bend, Mt. Peyton, Jonathans Pond, and Gazeebow projects, which cumulatively cover an area over 2,000 km². All projects within Exploits’ portfolio lie within the Exploits Subzone and Gander River Ultramafic Belt (GRUB) of the Dunnage Zone, which contain the majority of Newfoundland’s gold mineral occurrences and exploration efforts, including New Found Gold’s 2019 discovery of 92.86 g/t Au over 19.0 meters near surface. The Exploits Subzone has been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021.
March 25, 2021

Wage slaves vs gold owners

According to Pew Research the real average wage, which Pew defines as “the wage after accounting for inflation” has roughly the same purchasing power as it did 43 years ago.

In real terms average hourly earnings peaked more than 45 years ago: The $4.03-an-hour rate recorded in January 1973 had the same purchasing power that $23.68 would today
March 10, 2021

Global growth spurt, pent-up demand support higher inflation

The sell-off in bonds that has been tripping up gold prices may be over, with some investors anticipating the bond market will calm down, as appetite for US government debt revives following the sharp rise in yields.

“We think a big part of the bond-yield move has played out,” Wall Street Journal quoted a portfolio manager at PineBridge Investments. “At this level of yields, we do expect additional buyers to come in. That tends to stabilize the yield level.”

Gold bugs are closely watching what happens with Treasuries
March 5, 2021

Real interest rates and gold

Several factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.

The demand for gold moves inversely to interest rates — the higher the rate of interest, the lower the demand for gold, the lower the rate of interest the higher the demand for gold.
March 2, 2021

Dolly Varden advancing one of the world’s few “pure play” silver projects

“Native silver” found in the Earth’s crust on its own, is relatively rare. More commonly, it is mined alongside gold, or as a by-product of zinc-lead ore. There are currently only 75 “pure play” silver companies, most of whom have projects in Chile, Argentina, Mexico and Peru.

The rarity of silver and gold becomes apparent when we consider how little of both have been mined throughout history – just 190,000 tonnes of gold and 1.6 million tonnes of silver. Or in ounce terms, 6.1 billion oz of gold and 51.3 billion oz of silver. All the gold ever mined in the world could fit into a cube 21.6 meters on each side, and all the above-ground silver could fit into a 55m cube.
February 25, 2021

Why now might be a good time to buy gold and gold juniors

2021.02.25 Gold has been taking a beating in recent weeks, the sell-off prompted […]
February 20, 2021

Arcology publishes source code on GitHub to gain feedback from blockchain community

2021.02.20 2021 could be the year that cryptocurrency finally hits the big leagues […]
February 3, 2021

2020 Bitcoin Mania

2021.02.03 Will Bitcoin be a replacement for gold and fiat currency? The resurgence […]
January 20, 2021

Captain Biden now piloting MMT Adventure

2021.01.20 Gold may have come off the boil after rising above $1,900 an […]
November 14, 2020

Free-spending Biden and/or continued Fed stimulus will hike gold prices

2020-11-14 Gold may have come off the boil a bit after rising beyond […]
October 6, 2020

Silver to follow gold higher, on continued strong investment and industrial demand

2020.10.06 Gold and silver appear to be bouncing back from the drubbing they […]
August 14, 2020

Falling dollar not enough to lift commodities higher

2020.08.14 Commodity prices rise and fall with economic conditions. Conventional wisdom has it […]
July 8, 2020

Gold + silver gaining on dollar weakness

2020.07.08 The US economy is nowhere near recovering from the lockdown measures imposed […]
May 24, 2020

Resurgent dollar paving route to higher gold

2020.05.24 In the 1960s, French politician Valéry d’Estaing complained that the United States […]
April 30, 2020

Gold versus fiat

2020.04.30   What exactly does it mean when pundits say that gold is […]
April 25, 2020

The Fed can’t print silver

2020.04.25 Silver prices will test $19 an ounce later this year on the […]
March 17, 2020

How a ‘Debt Jubilee’ + mining could be a path to coronavirus recovery

2020.03.17 Stock markets rebounded on Tuesday, after the White House announced further measures […]
March 14, 2020

Economic stimulus can’t save US from deflation and recession

2020.03.14 One of the worst weeks on Wall Street mercifully ended on Friday. […]
March 7, 2020

Coronavirus infects dollar

2020.03.07 Up to a month ago the US dollar was showing resilience in […]
February 26, 2020

Trump or Sanders? Both will pile up the debt

2020.02.26 Whether it’s a Democrat or a Republican installed in the White House […]
February 21, 2020

Paper money rejection is gold’s Minsky Moment

2020.02.21 In our last article (A Minsky Moment is coming for gold) we […]
February 20, 2020

A Minsky Moment is coming for gold

2020.02.20 “Minsky Moment” refers to the idea that periods of bullish speculation will […]
December 20, 2019

Gold vs cash in a crisis

2019.12.20 Mattress stuffers or bullion holders? Who fares better in a crisis? North American […]
October 19, 2019

The Coming Great Global Reset

2019.10.19 In the first quarter of 2019, global debt hit $246.5 trillion. Encouraged […]
September 4, 2019

Five Feet High And Rising

2019.09.04 How high’s the water, mama? Five feet high and risin’ How high’s the […]
July 30, 2019

Why Trump’s low-dollar plan won’t work

2019.07.30 The slowdown in the United States, and throughout the world, has led […]
July 6, 2019

Quantifornication round 4 on its way

2019.07.06 Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of […]
July 6, 2019

Quantifornication round 4 on its way

2019.07.06 Californication is a brilliant 1999 song by the Red Hot Chili Peppers. Many of […]
July 3, 2019

De-dollarization has begun

2019.07.03 In the 1960s, French politician Valéry d’Estaing complained that the United States […]
June 27, 2019

US prepares for Currency war

2019.06.27 The 1997 Asian Financial Crisis serves as a reminder of what happens when competing […]
June 20, 2019

Why are central banks buying gold and dumping dollars?

2019.06.20 The US Federal Reserve, the country’s central bank, did what many expected […]
June 20, 2019

Why are central banks buying gold and dumping dollars?

2019.06.20 The US Federal Reserve, the country’s central bank, did what many expected […]
June 1, 2019

How China wins trade war

2019.06.01 The trade feud between the US and China has deteriorated into trench […]