Reports

The first two major gold bull markets were 1971–80 and 1999–2011. Today, gold is in the early stages of its third bull market in 50 years. How far can gold go during this bull run? If we simply average the performance of the past two bull markets and extend the ...

Elites are extremely hostile to the idea that gold should have any role whatsoever in the monetary system. To them, gold is truly a barbarous relic, as John Maynard Keynes was supposed to have said. You might as well propose bringing back the horse and buggy. Except Keynes never said ...

Do you have a flashlight, spare batteries and some duct tape stashed away for home emergencies like power outages or hurricanes? Of course you do. How about 100 ounces of silver coins? If not, you should. In an extreme social or infrastructure breakdown — where banks, ATMs and store scanners ...

“Every nation gets the government it deserves,” said 18th-century French philosopher Joseph de Maistre. If true — we suspect it is — the United States is a nation of scoundrels, cads, wastrels and spongers. For the nation has a spendthrift government perpetually on the borrow, perpetually holding out an empty ...

This is not the first time I’ve relayed this information. But these days I believe it’s more important than ever to remind readers of its significance, especially in light of the unprecedented credit creation the Fed’s been conducting since March. Following the Panic of 1907, John Pierpont Morgan was called ...

Before 1914, the global monetary system was based on the classical gold standard. But over the past century, monetary systems change about every 30 to 40 years on average. Sure enough, 31 years after the end of the classical gold standard, in 1945, a new monetary system emerged at Bretton ...

Why gold? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply ...

We have it on highest authority — the Federal Reserve itself — that it may never permit free markets again. Federal Reserve Vice Chair for Supervision Randal Quarles: The Treasury market is now so large that the U.S. central bank may have to continue to be involved to keep it ...

Long-term cycles escape our notice because they play out over many years or even decades; few noticed the decreasing rainfall in the Mediterranean region in 150 A.D. But, this gradual decline in rainfall slowly but surely reduced the grain harvests of the Roman Empire, which, coupled with rising populations, resulted ...

Back in April 1998, when the price was $14.47, I urged the readers of the then Gilder Technology Report to buy Amazon (AMZN). Having gone public in 1997, Amazon had surged to more than a billion-dollar market cap. Jeff Bezos himself had signed me up for the service at a ...