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Government interventions and the Cobra effect – Part I
Share this articlePart I of II Almost two decades ago, German economist Horst Siebert coined the term the “Cobra effect” to describe the real-world consequences of “well-intentioned” government interventions that go awry and produce the exact opposite results from what they aim for. The term was inspired by an incident that took…
Freedom of speech and “de-banking”
Share this articleThreats to freedom of speech and efforts to suppress dissenting views and voices have been on the rise over the past decades. They were exponentially intensified since the ascent of social media and as the political polarisation in the West truly took hold of our societies, the powers that be…
Is gold too expensive?
Share this articleOver the last couple of years we witnessed quite an extraordinary ride in gold prices. An impressive ascent until the last quarter of 2020 was followed by a pullback that scared many speculators away, which in turn transformed into a period of strength and then came another ebb……
Inflation as a moral hazard
Share this articleAs I have argued many times in the past, the corruption of money itself and its purposeful devaluation is by far the most important problem facing not just investors and savers, but virtually every single citizen on the face of the planet. Taxation, especially the extremely predatory and aggressive kind…
Second lockdown in Europe
Share this articleImplications for precious metals investors As the long-awaited “second wave” of the corona pandemic sweeps through Europe, another round of severe restrictions, travel bans and rules that prevent the proper function of international business and trade threatens to once again disrupt all kinds of sectors, including the gold industry. …
“Inflation it is not an act of God”
Share this articleINTERVIEW WITH GODFREY BLOOM: Over the last couple of years, the UK has been increasingly in the news – for all the wrong reasons. The cost of living crisis, in particular, has been monopolizing headlines at home and abroad. Of course, inflation is by no means unique to…
