Draghi is a smart guy. If you read the headlines, it appears as if Draghi announced a bold move this week. Little has changed, however, after the slight policy changes already made in June this year. In fact, Draghi’s policy announcement was anything but bold. It was merely a humble extension of what the ECB already announced during the last interest rate decision last June.... »
Why Draghi Lowered Interest Rates in a Surprise Move
September 5 2014
Olav Dirkmaat
Top 10 Myths about the Gold Standard
August 22 2014
Some people oppose a gold standard, others embrace it. Some invest in gold because they believe in a return of the gold standard and an upward revaluation, some call gold a ‘barbarous relic’ and ask why we should mine gold when we could use paper money. No matter what side you’re on, many resort to myths about the gold standard to defend their position. What are the most commo... »
Olav Dirkmaat
When Skyscrapers Reach Record Highs, Buy Gold
August 1 2014
Imagine being able to predict market crashes by looking at the height of skyscrapers. Does this seem too far-fetched to you? Actually, the skyscraper index is one of the more robust indicators of economic downturns and crashing markets. And for good reason. The theory is simple: the construction... »
Olav Dirkmaat
The Inflation-Manipulation Saga and the Gold Price
July 25 2014
Inflation is one of the most pernicious phenomena that permeates our society. It not only erodes the purchasing power of our money and prejudices a majority of the people; it also creates micro-economic havoc by inducing distortions in our production activities. It is not just the ‘general price level’ that moves up and down, but it rather induces something we call the ‘Cantillon... »
Olav Dirkmaat
