Your pension is being invested according to an outdated academic theory. Even though in 1998 the theory was proven blatantly false, financial regulators continued to use it as a center piece of regulatory policy. For instance, an entire financial industry was build in the Netherlands based on the guidelines set by the AFM (Netherlands Authority for Financial Markets), despite the fact that th... »
One Major Mistake That Puts Your Pension at Risk
December 2 2014
Olav Dirkmaat
Why the Netherlands Repatriated 4 Billions of Gold
November 24 2014
The Dutch have substantial gold reserves. Their reserves are bigger than those of the United Kingdom, Belgium, Portugal, Spain and Canada. According to recent data, the Dutch have 612 tons. Today, the Dutch central bank (De Nederlandsche Bank) published astonishing news. No less than 20% of the Dutch gold reserves were shipped secretly from the vaults of the New York Fed to the vault at Frederiksp... »
Olav Dirkmaat
Which 3 Central Banks Bought Gold This Quarter?
November 18 2014
Last week, the World Gold Council (WGC) published the latest quarterly figures concerning the gold market. What caught our attention? Putin is increasing Russian gold reserves; last quarter the Bank of Russia purchased 55 tons of gold (according to my calculations, a 10 percent increase). It thus... »
Olav Dirkmaat
A Few Words of Optimism for Gold Investors
November 10 2014
Earlier this year, I warned that gold prices would drop, when I wrote that the rise in gold prices did not indicate the end of the correction, and that we might see a move back to its recent bottom, or possibly an even lower bottom. As of this moment, gold is trading at €925 per troy ounce, well over €50 above its low of December 2013. In sum, gold trades at well over 5% above its bottom... »
Olav Dirkmaat
