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
We discussed Warren Buffett's illogical opinions about gold in our 15th February 2012 report under the heading "Buffett's Blind Spot". Today we are going to take a quick look at Buffett's personal war against gold from a different angle...
To paraphrase Einstein, not everything worth measuring is measurable and not everything measurable is worth measuring. The purchasing power of money falls into the former category. It is worth measuring, in that it would be useful to have...
There is a lot of lopsidedly-bullish analysis on China in the mainstream press and in the "blogosphere". Less so today than two years ago, but still enough to suggest that China's problems are not generally understood. To do our bit to...
It's time to update our long-term weekly charts showing how the gold sector, as represented by the Barrons Gold Mining Index (BGMI), has performed in US$ terms, gold bullion terms and S&P500 (SPX) terms.
The US Great Depression lasted from 1929 until 1945, but the deflationary phase of the Depression effectively ended in 1932. Regardless of whether you define deflation and inflation in terms of money supply or prices, there was almost...
We addressed the above question last year and arrived at the answer: no, gold left bargain territory long ago. We remain bullish on gold not because we think gold is still cheap, but because we expect it to get a lot more expensive.
Considering how popular the term "Quantitative Easing", or "QE" for short, has become, it's remarkable that many commentators on the financial markets appear not to understand what QE is. It is, by definition, an increase in the money...
When reviewing the long-term performance of the gold sector in previous TSI commentaries we looked at performance in nominal dollar terms and in gold terms, but as far as we can recall we never looked at performance relative to the broad...
In our 19th March commentary, we wrote:
"The HUI is probably going to make a short-term bottom within the next three weeks, but speculators who focus on gold and silver stocks should be financially and emotionally prepared for frustrating...
This week's downside breakout in the T-Bond futures market and the associated rise in the T-Bond yield has prompted us to re-visit the relationship between gold and interest rates. In the process of doing so we'll address the question: are...
