Followers were able to read in previous articles what my opinion about gold is. In the short run, despite the rally at the beginning of this year, I remain cautious. In the mid-long run I remain extremely “bullish.” This leads us naturally to the following question: what can we expect from gold’s little brother? Will silver, the“poor man’s gold,” perform better than gold? Where is the silver price headed?

Last week I read an article in the Financial Times about the gold price. So far, gold has been one of the best investments this year. The gold price in euros is today exactly 20% higher than at the beginning of the year. But the gold price is still much lower than its record high of September 2011, when the gold price reached an intra-day high of $1,921.15 dollar per troy ounce. At $1,310/oz we are still far below that 2011-high. The true question at stake is therefore: why is the gold price so

Last week it was exactly 45 years ago that president Nixon took the United States off the gold standard. At the time the Federal Reserve lost lots of gold after the Fed itself eased monetary conditions to help finance the Vietnam war. Ever since we live under a fiat money regime, or a PhD standard as Jim Grant calls it because the value of our money (its purchasing power) no longer depends on gold, but on the whims and fancies of a handful of academics. What did this PhD-standard bring us?... »