RESEARCH PORTAL

Macro-Economic Research

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  • eco-friendly-metal-thumb

    The Eco-Friendly Metal

    Cup and Handle Macro
    March 2014

    Internal combustion engines rely on catalytic converters to limit emissions. The catalytic converters in gasoline engines use palladium as an oxidation catalyst that converts toxic pollutants into less toxic pollutants. Platinum is used for the same purpose in cars, but is more typically associated with diesel engines in Europe, where auto demand has languished...

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  • going-nuclear-thumb

    Going Nuclear

    Cup and Handle Macro
    March 2014

    For years the Japanese economy had gotten by as an “export powerhouse,” making the Yen (JPY) a safe-haven currency largely because of its functioning democracy and current account surplus. However, with energy imports surging, that current account surplus is on the verge of becoming a deficit and the economy is suffering as a result.

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  • endogeneity_thumb

    Endogeneity: Why Policy and Antibiotics Fail

    American Enterprise Institute for Public Research
    February 2014

    Just as bacteria are able to adapt and evolve to become resistant to antibiotics, firms and households can anticipate and adapt to the target-based movements of the Federal Reserve.

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Portfolio Research

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  • volume 8

    Gold Investor: Volume 8


    March 2015

    This edition of the Gold Investor explores the interconned factors that influence the price of gold.

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  • giv7-cogs-560_5-e1436389298157

    Gold Investor: Volume 7


    September 2014

    If you are curious about the relationship between GDP and customer demand for physical gold, read this edition of the Gold Investor!

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  • Volume 6

    Gold Investor: Volume 6


    June 2014

    Gold: metal by design, currency by nature.

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Education on Precious Metals

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  • tocqueville-lets-get-physical-thumb

    Tocqueville – Lets Get physical

    Tocqueville Asset Management
    December 2013

    Looking back on the last year, John Hathaway addresses his thoughts on state of the gold market and the idea of investing in physical gold.

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  • PWC-thumb

    WGC/PWC – The Direct economic impact of gold

    World Gold Council
    October 2013

    This is a time of change for the entire gold industry. The mining sector is facing a barrage of converging challenges; increasing costs, ever higher expectations from a wide range of stakeholders and a gold price which could call in to question the viability of some projects and lead to a contraction in supply. Demand however is increasing...

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  • whygoldpart3_thumb

    Why Gold Part III: Scenarios for Owning Gold

    WindRock Wealth Management
    September 2013

    Many investors view gold as “insurance” against extreme scenarios, which we address below. While true, they miss the multiple scenarios for owning gold, not all of which involve an extreme outcome to recommend it as a key holding.

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Presentations and Marketing Materials

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  • GBI-us-doesnt-get-gold-thumb

    GBI Commentary: Why the US Doesn’t Get Gold

    GBI
    November 2013

    According to the IMF, in 2012 Vietnam had the 57th largest economy in the world with a nominal GDP of $156bn, and Thailand had nominal GDP of $366bn making it the 33rd largest economy in the world and 2.2% of the US. GDP per capita was $9,503 or 92nd highest globally...

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  • GBI-GOFO-thumb

    GBI Commentary: The Nuances of GOFO

    GBI
    November 2013

    Gold message boards have been aflutter in recent weeks with GOFO rates once again dipping into negative territory. The gold bugs’ fire was further fueled when an article clumsily titled “Strange GOFO cry heralds trouble for gold” was published in the credible Financial Times, as opposed to the internet backwaters where articles on the subject usually appear…

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  • GBI-deflation-thumb

    GBI Commentary: The QE – Deflation: The Unacceptable Future

    GBI
    October 2013

    Deflation is a fairly complex concept that can be pared down even further from Merriam-Webster’s definition into two words: falling prices. Falling prices sound like a good thing to consumers, allowing them to get more bang for their buck, but economists, and especially central bankers, are terrified of deflation and go to great lengths to avoid it.

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