Steve Saville
Market Analyst & Professional Speculator, Owner of The Speculative Investor
Steve Saville graduated from the University of Western Australia in 1984 with a degree in electronic engineering and from 1984 until 1998 worked in the commercial construction industry as an engineer, a project manager and an operations manager. In 1993, after studying the history of money, the nature of our present-day fiat monetary system and the role of banks in the creation of money, Saville developed an interest in gold. In August 1999 he launched The Speculative Investor (TSI) website. Steve Saville has lived in Asia (Hong Kong, China and Malaysia) since 1995 and currently resides in Malaysian Borneo.
Steve Saville Articles
Inflation-deflation debates often involve arguing over which is more likely: deflation or hyperinflation. Since both deflation and hyperinflation are extremely unlikely over what most people would consider to be a normal investment...
The Fed Continues To Pump Aggressively
During the six months since last September's introduction of "QE3", the Fed has grown its balance sheet by $341B by monetising (buying with money created out of nothing) mortgage-...
During the six months since last September's introduction of "QE3", the Fed has grown its balance sheet by $341B by monetising (buying with money created out of nothing) mortgage-backed securities and Treasury securities. Moreover, $201B...
The financial markets have begun 2013 in remarkably similar fashion to how they began 2010, 2011 and 2012. In each of these preceding three years the average market participant became optimistic about global economic growth during the...
To illustrate the difficulty of measuring performance in terms of the US dollar, today we are presenting three inflation-adjusted (IA) gold charts. Our method of inflation adjustment was outlined in the December-2010 article posted at ...
When someone says that QE (Quantitative Easing) is not inflationary they are probably claiming that it doesn't bring about an increase in the general price level. However, they could also be claiming that it only adds to bank reserves and...
According to a recent comment by a well-respected analyst, one of the problems with using gold as money is that the supply of gold could experience large swings due to changes in mine production. The ignorance reflected by this comment is...
The chart displayed below was taken from a recent article at The Daily Reckoning and shows the median gold price forecasts of analysts monitored by Bloomberg. It shows that from 2007 onwards the average forecast has been for the gold price...
Despite the recent weakness we are becoming increasingly bullish about the prospects for gold stocks. Actually, it's partly due to the recent weakness that we are becoming increasingly bullish, because the extension of the downward...
Long-Term
There have been a few commodity booms over the past 200 years. Not one of these booms, including the one that unfolded over the past decade, was fueled by real economic growth or demographic changes or the rapid industrialisation...
