Way back in 1944, when the world economy was just starting to recover from the effects of World War II, 29 countries got together at the Bretton Woods Conference to create the International Monetary Fund (IMF). The IMF would be…
Stock Recommendation – Osisko Gold Royalties
Osisko Gold Royalties Symbol: OR (TSX) MCap: C$1.39 billion Industry: Basic Materials – Gold Mining Long-term liabilities: C$144 million Project: Royalty – Canadian Malartic, Elenore SO: 106,178,826 Recommendation: Buy Price: C$13.07 (as of 23-March-2016) Overview The company was created in…
Silver – All Set to Shine
The case for silver is similar to the case for gold – it is money, has been that way throughout history, etc. But it differs in some significant aspects. Silver is mostly viewed as an industrial metal with monetary characteristics,…
Pretivm Resources – A Gold(en) Speculation
Pretivm Resources Inc. Symbol: PVG (NYSE) MCap: $863.79 million Industry: Basic Materials – Gold Mining Long-term debt: $23.25 million Project: Brucejack – Valley of Kings SO: 243,806,016 (fully diluted basis) Recommendation: Strong Buy Price: $5.49 (as of 16-March-2016) Overview In…
Let’s Talk Bitcoin
What is Bitcoin? Bitcoin is a digital currency, represented as ‘BTC’. The currency units are called bitcoins, represented as ‘btc’. How did it come into existence? Remember, remember, the thirty first of October 2008, the day the world received news…
Be Afraid, Be Very Afraid… Don’t
Markets are crashing! TV talking heads are somber and speak as though they are covering a funeral of war victims. The newspapers report that Facebook shares fell 4% in one day, heralding the end of social media. Prominent firms tell…
2016 Market Outlook
Airplanes spend about 70% of their flight time deviating from their planned flight path. That does not imply having a flight path is useless. The flight path serves as a guide, and the planes use that guidance to course correct.…
The Case for Owning Gold
The Wall Street Journal called gold a pet rock. John Maynard Keynes, a famous investor and economist, called it a barbarous relic. Numerous studies have been done showing gold to be a poorer investment than stocks. It pays no dividends,…
The Golden Age of Fed Omnipotence
The entire financial community waits with bated breath for the answer to the one question: will she, or won’t she? One woman holds sway over the world financial markets. She has the power to make or break vast fortunes, equivalent…
A Requiem for the Rupee
We are in the midst of a global currency war. While the roots can actually be traced back to the time Britain abandoned the Gold Standard, let’s not go that far but look to recent history as a guide. This…
