Current Events
The Revenge Of The Gold Bugs – Part Three
May 2, 2025/by Neland Nobel https://pricklypear.news/revenge-of-the-gold-bugs-part-three/ We have seen in Part One and Part Two that gold bugs have gotten some intellectual revenge, as deficits and inflation have become entrenched in our economic system —and frankly, just about everywhere else. Their contention that only a gold standard coupled with an originalist interpretation of the Constitution could produce prolonged periods of stable money has…
Read MoreThe Revenge Of The Gold Bugs – Part Two
May 1, 2025/by Neland Nobel https://pricklypear.news/the-revenge-of-the-gold-bugs-part-two/ As we mentioned at the end of Part I, releasing the government from all spending restraints required a two-pronged approach. Undermine the restrictive nature of the Constitution through judicial interpretation while concurrently undermining the mechanical constraints of the gold standard on the issuance of money. The erosion of those restraints accelerated…
Read MoreThe Revenge Of The Goldbugs – Part One
Gold has made two historic milestones, which have prompted this three-part examination of its role in monetary and investment history. First was the news that gold has outperformed the S&P 500 over the past 20 years. We have suggested before that this should not be. An element that produces no earnings, no dividends, and finances no new technologies should not outperform the world’s leading stock index during a period of breathtaking technological change.
Read MorePart 5 – If you don’t hold it, you don’t own it
One of the great lessons that my father and company founder, Jerry Williams, taught me from the time I was a young adult was that if you don’t have possession of your precious metals, you don’t really own them. I heard him say it to clients hundreds of times while we worked side by side…
Read MorePart 4 – Bait and Switch
If you’re not familiar with the bait and switch tactic used by some coin dealers, it typically starts with an offer that seems too good to be true. You may see an ad for bullion coins or bars at a price that is significantly lower than anywhere else or they’ll send you a coin for…
Read MorePart 3 – Know Your Dealer
In the last article, Part 2 – What You Need To Know About Precious Metals IRAs, we mentioned a precious metals dealer that had made recent headlines when they vanished into thin air, taking investors’ IRA money and never buying/transferring the metals to the depository on their behalf. It is very discouraging to read news…
Read MorePart 2 – What You Need To Know About Precious Metals IRAs
Sometimes referred to as self-directed or gold IRAs, precious metals IRAs are a hot topic right now. We have been helping clients with gold IRAs for the past 10- 15 years but lately we have seen an uptick in dealers advertising for them. Unfortunately, with the latest new and shiny idea also comes a handful…
Read MorePerth Mint Article – Update
To our valued clients, If you haven’t seen it already, an article was published today with the following headline: Perth Mint Sold Billions in Diluted Gold to China, Tried To Cover It Up; Report And right below the headline, they show a picture of a counterfeit gold bar produced by Credit Suisse. One might call…
Read MoreGold Feels a Bit Different
By Neland Nobel Part of gold’s recent story has been that of disappointment. A rally begins, and what takes weeks of clawing upward is erased quickly. Then gold starts the process again seemingly to fail at important inflection points. End result: flip flopping around in trading range. Could that be happening again? On Friday, perhaps…
Read More2021 Was an Odd Year for Gold
By Neland Nobel The year 2021, will certainly go down as an odd one for gold. As the chart below shows, gold spent most of the year in negative territory. It has not been a substantially negative performance, but more of a sideways move with modest losses. Gold was never very positive at any point…
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