We created a U.S. Dollar index which measures the value of a Dollar based on an ounce of Gold. We set the base year at 1970, just before President Nixon took the U.S. off of the Gold standard in August 1971 (the worst policy decision in American history as it has given politicians the ability … Continue reading Chart of the Day
Sure, the U.S. Dollar may be strong as of late versus other currencies, but when measured versus the price of gold, the USD has experienced significant value destruction over the years as a result of the Federal Reserve's persistent money printing. The USD has lost 98% of its value versus gold since August 1971 when … Continue reading The Strong U.S. Dollar. Or Is It?
With the Money Supply (M1) up 358% since January 2020 (as of February 2021), there is simply zero percent probability that prices are not going higher. A 3-4x increase in M1 ought to inflate prices by a similar multiple. Most of the recent $1.9 Trillion (the actual cost will be higher), COVID spending program was … Continue reading The Ugliest Chart I Have Ever Seen
Gold prices ought to have climbed higher given the amount of money printing that took place in 2020 and that is likely to continue. What happened? Additional debt-funded "stimulus", QE and accompanying asset inflation should have pushed gold prices higher. After all, gold is a safe haven. What gives? (view a chart of the spot … Continue reading Where Is The Gold Rally?
The pundits chat up gold and silver in the midst of economic uncertainty and trade tensions with China. They are forgetting the Fed's record money printing party. Investors who were concerned about the recent rapid, large scale expansion of the money supply (particularly M1) have had positions in gold and/or silver since early April of … Continue reading Worth Its Weight In Gold?
Broadly-defined Financial Services and Healthcare are two giant, slow growth industries that could potentially kick start revenue growth by leveraging a variety of video and audio-based technologies. Financial Services & Insurance contributed $1.2 Trillion to GDP in Q1 2020 and Healthcare contributed $2.4 Trillion during the same period (table 1). Both industries are bogged down … Continue reading Financial Services & Healthcare – Sleeping Giants Ready to Awake?