As I wrote earlier this month, the economic recovery in the U.S. is an illusion. The truth was revealed past Wednesday, when it turned out that the U.S. GDP growth was only a meager 0.2% on an annual basis. Analysts expected the U.S. economy to grow by 2.1%, but it has stagnated instead.... »
The One Thing That Saved the U.S. from Negative Economic Growth
May 4 2015
Olav Dirkmaat
Will the European 'QE' Make It to the Finish Line?
April 28 2015
In 1971, the (semi-)gold standard was abandoned and replaced by a PhD standard. Under the PhD standard, the money supply is no longer linked to the national gold reserves, but is instead at the mercy of central bankers and their arbitrary judgments. Never before did academics have so much power and influence over the financial markets.... »
Olav Dirkmaat
China's New Silk Road and Its Implications for Gold
April 20 2015
China will be the global powerhouse of the 21st century. This was reconfirmed while I visited an international precious metals conference in Dubai this week. Among the speakers was the Vice President of the Shanghai Gold Exchange. China is gradually opening its financial markets and gold is one of... »
Olav Dirkmaat
Three Reasons Why ABN AMRO Is Wrong about the Gold Price
April 7 2015
ABN AMRO, a Dutch government-owned bank, is currently a hot topic in the Netherlands. The bank’s board gave themselves a generous increase in salary, provoking public outrage. These directors act as if they’re working for a privately-owned bank, while all future losses will be shouldered by Dutch tax payers.... »
Olav Dirkmaat
