Earlier, the IMF proposed a one-off 10 % tax on savings. But isn’t gold also vulnerable to confiscation? I will explain why you do not have to worry about a possible gold confiscation. We will also take a look at the odds of a confiscation of savings.... »
Do Not Worry about Gold Confiscation
June 16 2015
Olav Dirkmaat
What You Must Know about Greece
June 9 2015
In our most recent seminar, I mentioned that Greece would not be able to make its due payment to the IMF without the help of European taxpayers. Last Thursday, the Greek Prime Minister – Alexis Tsipras – admitted that he would be unable to make the payment; Greece has run out of money. What will happen next?... »
Olav Dirkmaat
Why the Yuan Will Never Be Backed by Gold
June 2 2015
In order to understand where gold prices are heading, we first have to learn about price formation. Also, let’s debunk some myths surrounding the Chinese demand for gold, and how it affects your gold investments.... »
Olav Dirkmaat
A Typical Case of an Austrian Business Cycle in China and Gold
May 29 2015
The Chinese account for over a third of total gold demand. We know therefore that any development in China — either positive or negative — has a rippling effect on gold, as well as other commodities that were bid up to new record heights during the Chinese credit bubble.... »
Olav Dirkmaat
