Why does China matter to gold investors? The answers are quite straightforward, but perhaps better explained by the three graphs we’ve laid out for you today.... »
Why China Matters for Gold in Three Charts
April 3 2014
Olav Dirkmaat
What Russia Is Doing with Its Gold: a Chronological Account of Recent Events
March 28 2014
Russia has been a net buyer of gold for the past few years. It bought about 77 tons in 2013 and currently holds around 1,042 metric tons in its vaults, making it the eight biggest gold investor of the world. But what will Russia do next with its gold, as the world appears to be on the brink of a renewed cold war?... »
Olav Dirkmaat
What Is Happening in China?
March 21 2014
Chinese banks extended over US$ 15 trillion in loans (140% of Chinese GDP) over the past five years. Yet credit in itself is not an evil; when it’s backed by savings it only represents a certain amount of unclaimed resources, which can now be used in production. Our societies thrive on credit. It... »
Olav Dirkmaat
The Great Unwinding of Chinas Credit Bubble
March 14 2014
China is heading for short-term disaster. For years it embarked upon a tremendous credit expansion which led to a miscoordination of scarce resources, especially in housing. Now the Chinese credit bubble is quickly unravelling, exactly as the Austrian business cycle would indicate. I warned that a Chinese readjustment would have “a rippling effect on gold, as well as other commodities tha... »
Olav Dirkmaat
