Silver as an investment

Category Archives: Currency Peg

Rickards Warns “Prepare For A Chinese Maxi-Devaluation”

Authored by James Rickards via The Daily Reckoning, China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital […]

NIRP Has Failed: European Savings Rate Hits 5 Year High

One year ago, when it was still widely accepted conventional wisdom that NIRP would “work” to draw out money from savers who are loathe to collect nothing (or in some cases negative interest) from keeping their deposits at the bank, and would proceed to spend their savings, either boosting the stock market or the economy, […]

Global Stocks Slide, Futs Flat; Commodities Down On Stronger Dollar As Hike Odds Reprice Higher

The dollar index rose to a two-week high on Monday, while bond yields jumped to their highest since June and global stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term. The Fed effect – and the stronger dollar – reverberated through markets, […]

ZeroHedge: Nigeria Takes First Bold Step Toward Hyperinflation As Currency Plunges 30%

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. As we warned last week was likely, Nigeria's decision to throw in the towel on maintaining its currency peg has resulted in a collapse in the Naira. Ending a 16-month-long effort to 'fix' its currency, Nigeria's shift to a free […]

ZeroHedge: Global Stocks Soar, Pound Surges Most Since 2008 As Brexit Odds Tumble

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Pound sterling was trading at 1.405 on Thursday morning when a tragic event sent it soaring 600 pips higher, rising above 1.4660 in the following days. Whether the murder of Jo Cox was the catalyst that has turned around the […]

ZeroHedge: Bernanke Blew It Big-Time: He Should Have Raised Rates Three Years Ago

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Charles Hugh Smith from Of Two Minds * * * Bernanke blew it big-time, letting the “recovery” run seven years without any significant increase in rates. It is now painfully obvious that Ben Bernanke blew it big-time by […]

ZeroHedge: Saudi Authorities Panic – Ban Speculation On Riyal Devaluation Amid Banking Crisis

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. With Saudi Riyal forwards plunging back above 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders as speculation mounts that the world’s biggest oil exporter won’t be able to maintain the […]

ZeroHedge: Saudi Officials Crackdown On FX Market As Currency Peg Starts To Strain

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. As we warned previously, the devaluation, or breaking of the Saudi Riyal peg to the dollar, could be the black swan event for crude oil and the recent weakness in SAR forwards – while not as violent as Nigeria's Naira […]

ZeroHedge: Global Stocks, Futures Rally, Ignore Sharp Yuan Devaluation On Hopes Fed Is Right This Time

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. The single biggest event overnight was the PBOC’s devaluation of the Yuan to the lowest since March 2011, setting the fixing at 6.5693, the highest in over 5 years and in direct response to a stronger dollar, which however if […]

ZeroHedge: Only Two Options For The Saudi Sheikhs

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. By Chris at www.CapitalistExploits.at A few years ago, when living in Phuket, Thailand, a group of Saudis stayed for a week’s holiday in a neighboring villa. Outside of the religious and social confines of the land of black gold and endless […]