The Fed and many economists seem to think the economy is strong, but is it? My Thoughts on the Economy Based on the Data I Read The Fed ignores U-6 unemployment data which still has the rate over 11%. The Producers Price Index (PPI) today came in lower than expected. The Dollar is down $1 and fell since the PPI …
Read MoreNov
14
2012
Turning Paper Into Gold Part 1
By: Doug Eberhardt
Category: Gold
Tags: Banks, derivatives, ETF, GLD, Gold, insured, J.P. Morgan, prospectus, silver, SLV
I have seen many more investors coming to us, saying they are selling their gold (GLD) and silver (SLV) ETFs and wanting to buy physical gold and silver. What would be there reasoning to do so? One reason is that gold and silver ETFs should be viewed as trading vehicles and not counted as real wealth ownership. Here is what …
Read MoreSep
26
2011
My Response To Clients Worried About Gold And Silver Prices Falling
By: Doug Eberhardt
Category: Gold
Tags: banking crisis, derivatives, gold bubble, Gold price falling, Silver bubble, silver price falling
The following is an actual email I sent to a client of mine who was worried about the recent fall in gold and silver prices. I have written extensively on my website about the reasoning to own physical gold and silver and I had directed this client to read again what I wrote in Chapter 4 of my book …
Read More0Dec
23
2010
$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 2
By: Doug Eberhardt
Category: Gold
Tags: Bailout, bank of america, banking crisis, Banks, citibank, Citigroup, Credit Derivatives, derivatives, FDIC, foreclosure, Gold, HSBC, J.P. Morgan Bank, mark to market, mark to model, sub-investment grade derivatives, Wells Fargo
Dec
23
2010
$4 Trillion Bank Sub-Investment Grade Derivatives Now More Than Financial Crisis Peak Part 1
By: Doug Eberhardt
Category: Gold
Tags: Bailout, bank of america, banking crisis, Banks, citibank, Citigroup, Credit Derivatives, derivatives, FDIC, foreclosure, Gold, HSBC, J.P. Morgan Bank, mark to market, mark to model, sub-investment grade derivatives, Wells Fargo
Oct
8
2010
The Real Reason Bank of America Halts Foreclosure In 50 States – They’re Broke!
By: Doug Eberhardt
Category: Gold
Tags: bakn of america halts foreclosure, bank balance sheets, bank failures, bank foreclosure, bank of america, banking industry, Buy Gold and Silver Safely, derivatives, FDIC bailout, Federal Reserve, JP Morgan Chase, lenders, nations top banks, pmi bailout, sub-investment grade derivatives, top 5 banks, troubled banks