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Germany’s “swivel-eyed” gold bugs simply show more imagination than journalists, policy-makers and academic economists… MONEY is always and everywhere a political phenomenon, nowhere more clearly than Germany. Hitler’s first coup attempt, the Munich Beer Hall putsch, came during social chaos of late-1923′s Weimar inflation. His 1,000-year Reich (lasting barely a decade) then brought fresh monetary [...]

As Kris sets off to work on the next issue of Australian Small-Cap Investigator, I’ve got to be honest, I was scratching my head this morning wondering what to write about.
I thought about tackling property (again), but I’ve only just emptied the Money Morning mailbag from yesterday and so didn’t want to create more work [...]

Is the Eurozone one final U-turn away from a 20-fold rise in gold prices…?
HAPPY SELLERS a decade ago when gold hit rock-bottom, might the Eurozone states now sell gold at all-time highs to help settle government debt today?
Doubt it. Here’s why…
Lumped together, the 16 Eurozone nations (including the ECB) hold almost 11,000 tonnes of gold [...]

Your editor is in Australian Small-Cap Investigator mode again this morning, so we may be brief with today’s Money Morning – unless we get carried away…
“Oh stop grumbling and just hand over the money.” That’s in effect what the German government is being told to do with its taxpayer euros.
According to the Associated Press [...]

So, who gets to play Lehmans in this comedic repeat…?
ISN’T GREECE marvellous?
Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s’ Hong Kong.
But public spending, however, accounts for 40% of GDP. So who financed that spending if so few people paid?
Last year, [...]

THE PRICE OF GOLD edged lower in London dealing on Thursday morning, ticking back from an overnight rally in Asia as European stock markets also cut early gains.
The US Dollar rose on the currency market after the European Central Bank voted to keep its key interest rate on hold at a record low of 1.0%, [...]

THE PRICE OF GOLD gave back yesterday’s 1.4% rally on Tuesday morning in London, drifting down to Monday’s start near $1113 an ounce as world stock markets slipped and the US Dollar rose on the currency market.
The Euro fell to a fresh 11-week low after the ZEW survey pegged economic sentiment across the 16-nation currency [...]

THE PRICE OF GOLD ticked higher from near 4-week lows at $1111 an ounce early Monday, recording the lowest London Gold Fix since Nov. 13th at $1120 as Asian stock markets ended the day flat but European shares rose despite poor data.
The government of Abu Dhabi surprised analysts by lending neighboring Dubai $10 billion today [...]

THE PRICE OF GOLD was little changed Thursday morning in London, recording its lowest AM Fix since Nov. 13th at $1125 per ounce as the US Dollar held onto this week’s rally on the currency market.
Both the Swiss and UK central banks kept their key interest rates at historic lows of 0.25% and 0.50% respectively.
Gold [...]