Gold, Silver & Other Commodities

Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting on the greatest amounts of proven crude oil reserves (bbl). Check them out below.

Owning gold is saving, which by definition is civilized, i.e. NOT barbarous. Debt, on the other hand, is the exact opposite. It is a lack of savings that shows a complete disregard for the future.

Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt. It’s hard to say which of the 7 lies about gold is the biggest whopper. You be the judge. Read on.

The World Gold Council provides below a table of changes in gold reserves by country month-by-month and year-to-date. It shows the in- and out-flows of central banks around the world.

Texas plans to launch an official state gold bullion depository, the first state-level facility of its kind in the nation, to increase the security and stability of its gold reserves and keep taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside the state...

A central bank’s worst nightmare is when they want inflation and can’t get it. The Fed’s tricks have all failed. Is there another rabbit in the hat? Actually, yes. The Fed can cause massive inflation in 15 minutes. Here's how:

Statistically speaking, silver is a very strong buy. With a recent selloff of 28%, the numbers strongly indicate that the bottom has been reached. In fact, if the past is to be even a slight guide to the future, silver may double over the next 2 years. This is what happens on average. In other words, it's time to buy silver.

History shows that gold prices rise and fall but inevitably, over time, follow the increase in money supply and debt. As such the next big move will be upward to match the exploding national debt. I support said contention with some most interesting charts showing the long-term relationship between the price of gold and the growth in national debt.

This infographic consists of 12 visualizations of gold bullion bars showcasing the world’s gold that has been mined thus far.

Is there a one-to-one positive correlation between the price of gold and the U.S. public debt? Yes and no. Let me explain.