How Democracy Doomed the Money System
Gold is real money. When fake money gets debased and inflated, gold shines. Since the beginning of this century, central banks have added some $22 trillion in new, fake money — or 15 times the…
Gold & Currencies
Gold is a monetary metal. As such, it trades in line with the world’s other major currencies. When the US dollar — the global reserve currency — declines, gold will usually rise…and vice versa.
Over the past 100 years, the financial establishment has done its best to remove gold from the financial system. That’s because, in its ultimate representation as debt-free money, gold represents an existential threat to government-controlled fiat currency.
Despite gold no longer being a part of the commercial banking system, it still plays an important role in the larger, central banking system. It represents the ultimate form of trust, and it has no counterparty.
For that reason, The Rum Rebellion strongly advocates that gold should be a part of all investor’s portfolios. However, we are not gold bugs. We believe there is a time to own gold and gold stocks and a time to stay away.
We’ll write on the topic of gold and currencies (including the Aussie dollar) often, and keep you up to date on where we think gold is sitting within the bull/bear cycle.
Why Azumah Resources Shares Have Doubled
Azumah Resources Ltd [ASX:AZM] are up 100% since Tuesday this week. Shares doubled after IGIC Pte Ltd (Ibaera) made an unconditional all cash bid to acquire Azumah Resources for $0.028 a share.
Will the Federal Reserve Lose Control of Interest Rates?
The flare up in interest rate markets overnight, coming just ahead of the Feds expected decision to lower the funds rate tomorrow is ominous. I wouldn’t panic about the jump in interest rates. The Fed…
How Gold Impacted the Great Depression
During the Great Depression, from the 1929 peak to the 1932 low, the Dow Jones Industrial Index fell more than 80%. What undoubtedly made the magnitude of the fall bigger was the fact that the…
Newcrest Share Price Falls as Gold Price Retraces
With the gold price having recently come off a 52-week high of US$1,565, we look at whether the Newcrest share price can sustain its run.
Why the Golden Rim Resources share price is up 14% today (ASX: GMR)
Shares for Golden Rim Resources Ltd [ASX:GMR] gained over 14% today after they discovered a second high-grade zone at Diabatou in Burkina Faso. At time of writing, the GMR share price was trading at $0.16…
Northern Star Share Price Down on Results & Takeover: Gold Price Steady
At time of writing, the share price of Northern Star Resources Ltd [ASX:NST] is down 7.55%, trading at $11.45. Like many other gold stocks, the Northern Star share price has been on a strong run…
China: Debt, FX Reserves and the Ticking Time Bomb
China now has a total debt-to-GDP ratio of 303%, which equates to total debt across households, governments and corporate sectors of more than US$40 trillion, according to Reuters. Corporate debt accounts for…
Gold Fails Bullish Breakout… Stocks Likely to Breakout instead
No surprise gold has been rallying here. But for stocks, the surprise is that they’re holding up as well as they are considering the slow growth foreshadowed by the bond markets and trade impasses…
Have We Already Seen ‘Peak America’?
1999 was also the tail end of the longest economic expansion on record and the greatest stock market boom ever. Did it also mark Peak America, the beginning of the end of America’s great triumph?