Running through Italian default scenarios

The most important debate of our lifetimes is now ongoing. The question: Should the ECB “write the check’ for the euro area national governments? In thinking about the answer to this all-important question, I prefer to shift the focus by changing the verb “should” to “will”.

Answering this slightly different question is much more important than answering the first question for you as an investor, a business person and as a worker. If the ECB writes the check, the economic and market outcomes are vastly different than if they do not. Your personal outlook as an investor, business person or worker will change dramatically based upon this one policy choice. The right question to ask then is: Will the ECB “write the check’ for the euro area national governments

Your #1 Gold Risk

Similar to holding a diversified portfolio at a bank without checking the institution’s solvency, many investors keep their entire stash of precious metals inside one political system without considering the potential trap they’ve set for themselves. While storing some of your gold outside your home country is not a panacea, it does offer one important thing: another layer of protection

Commodity Money Coins: Metalism versus Nominalism, Part Two

This week we examine coinage from Roman times to the present in Western society

Gold Mania: Are We There Yet?

Some investors are tiring of our cautioning of a “possible correction,” “waiting until you see the whites of their eyes,” and so forth. Some wish the market would stop dithering and just head north into mania territory. Or wish Casey Research to stop dithering and just start issuing lots of Buy recommendations. But other, more nervous readers seem to wish we’d just admit that the market has topped and issue a Sell on everything – time to cash in our chips and go home!

I am sympathetic, but Mr. Market doesn’t know our desires and wouldn’t care if he did. We would be doing our subscribers a grave disservice if we pretended to know which way he’ll move next, when we don’t. And anyone who claims they do know is likely a former New York bridge salesman.

This is why we’ve been steering a middle course for some time. We’re not out of the market; many of our recent picks have done spectacularly well on gold’s new nominal high. But we’re also not all in

On Hyperinflation

I was on the Max Keiser show talking to Max about precious metals, currency debasement and hyperinflation. Max was pushing the view that the U.S. was on its way to hyperinflation due to its reckless monetary policy. I argued against this view. The video is below, but let me argue my case first. People arguing

On self-regulation in banking

I spoke to Max Keiser recently about a number of issues in a wide-ranging interview featured below. In the video, Max and Stacy Herbert talk about some of the hot button issues of the day like the banking sector in Ireland and the lack of criminal prosecutions in the US for the first 13 minutes