HP Fires 55,000 Employees, Buys Back Shares Jewlett Packard’s actions illustrates an unintended consequence of artificially low interest rates. Companies get a better return on investment buying back shares than hiring employees or investing in capital equipment. Buying back a company’s own shares is so attractive, it even makes sense to fire employees and reinvest … Read More →
The Stock Market and the Inflated/Spun Real Estate Market and Job Numbers The false economic recovery story is based on a rising stock market and positively spun poor housing and jobs data. The media’s spins bad economic data by using words and phrases like “lofty” “robust” “accelerating” and “strengthening” to describe the tepid job and … Read More →
The Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 59.12 tonnes of gold during the week ended February 13, 2015. The Shanghai Gold Exchange has delivered nearly 375 tonnes of gold to date in 2015. Volume of Physical Gold Delivered on the Shanghai Gold Exchange Has Averaged over 60 tonnes a Week in 2015. The … Read More →
Russian Gold Purchases in January 2015. Russia Reduces its U.S. Treasury Holdings to $86 billion in December 2014 from $108.1 billion in November. Russian Gold Reserves Russia adds no further ounces of gold to its reserves in January. Russia ends January 2015 with 38.8 million ounces (1,207 tons) of gold in reserves – same as … Read More →
How Much is a Year of Global Silver Mining Production Worth? The Size of Silver Market The Dollar Value of the Annual Global Silver Mining Production J.P. Morgan has paid far more in fines than the value of the annual global silver mining production. How much would it cost to buy all of 2014’s record … Read More →
Mainstream Media Economic Cheerleading Major international media outlets continue to tout the U.S. economy as “solid”, “robust” and “accelerating”. Podcast Summary Intro: 0:00-5:15 Retail Sales Review 5:15-7:10 discussion of the low retail figures in light of the supposed increase that was supposed to happen because of lower gas prices. Consumer spending is approximately 2/3 of … Read More →
The Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 59.327 tonnes of gold during the week ended February 6, 2015. The Shanghai Gold Exchange has delivered 315 tonnes of gold to date in 2015. Volume on the Shanghai Gold Exchange Remains Strong After Record Deliveries in January The Shanghai Gold Exchange delivered nearly 60 tonnes … Read More →
Silver ETF Holdings Silver holdings in Exchange Traded Funds (ETFs) remain at near record levels. Silver ETFs remain a popular way to invest in silver vs. buying and storing physical bullion. While American Silver Eagle (ASE) coin sales hit a record in 2014, the amount of silver held in iShares silver trust (SLV) is larger … Read More →
Silver and Gold Sales at the Perth Mint in January 2015. Silver sales were down 35.8% at the Perth Mint in January year over year. Gold sales were down 64.2% at the Perth Mint in January year over year. Silver Sales at the Perth Mint in January 2015 Sales of silver at the Perth Mint … Read More →
Gold ETF Holdings Gold holdings in Exchange Traded Funds (ETFs), after falling nearly 40% since early 2013 are increasing again. Despite declining holdings, Gold held in ETFs remains a far more popular way to invest in gold than buying physical bullion. While Gold ETF holdings are massive, physical gold deliveries on the Shanghai Gold Exchange … Read More →
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