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Alasdair Macleod: The real message from asset inflation is currency collapse

Section: Daily Dispatches

By Alasdair Macleod, St. Helier, Jersey, Channel Islands
Thursday, July 21, 2016

The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies.

Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to capture it, but mostly because conventional monetary economic theory is lacking in this regard.

This article draws on the evidence of extreme overvaluations in equities and bonds worldwide, and concludes the explanation lies increasingly in a greater perception of risk against holding cash, or bank deposits. Risk relationships between cash and assets are inverting, due to failing monetary policies and escalating counterparty risk with the banks. ...

... For the remainder of the commentary:


NuLegacy Reports First Set of 2016 Drill Results

Company Announcement
Thursday, July 21, 2016

RENO, Nevada -- NuLegacy Gold Corp. is pleased to report assay results for the first 10 holes of the 40-plus hole (10,000-meter) 2016 exploration program on its 100-percent-owned Iceberg oxide gold deposit. The primary target is the shallow Carlin-style oxidized gold mineralization within the 3-kilometer-long and half-kilometer-wide Iceberg gold deposit in the Cortez gold-trend of north-central Nevada.

Eight of the 10 holes were drilled to expand the footprint of the 90-110 million-tonne exploration target of 0.9 to +1.1 grams of gold per tonne within the Iceberg deposit -- four into the central zone and four into the north zone, while two were scout holes.

Dr. Roger Steininger comments: "Holes RHB-72 and 73 have encountered some of the longest intervals of continuous gold mineralization on the property to date, and indicate the potential for a distinct gold deposit of sizable dimensions to the west of and down dip from the central zone." ...

... For the remainder of the announcement:

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