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Claudio Grass

Claudio Grass

Claudio Grass is a passionate advocate of free-market thinking and libertarian philosophy. Following the teachings of the Austrian School of Economics he is convinced that sound money and human freedom are inextricably linked to each other. He is one of the founders of GoldAndLiberty.com.

Articles by Claudio Grass

Is it platinum’s time to shine?

4 days ago

Even with seasoned precious metals investors, it is often the case that platinum gets overlooked, while gold and silver dominate the conversation over which metal affords the best long-term protection of one’s wealth. Nevertheless, platinum has proved to be an excellent store of value, while it also offers a number of interesting advantages as a long-term investment that could play an important part in a conservative and proactive strategy.
Although it might not share gold’s illustrious history, having served as real money for millennia, platinum has certainly earned its place among the best precious metals investment options. Its very name, derived from the Spanish “platino”, translates to “little silver” and already gives some hints as to its past. Having entered the stage much

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Is it platinum’s time to shine?

4 days ago

Even with seasoned precious metals investors, it is often the case that platinum gets overlooked, while gold and silver dominate the conversation over which metal affords the best long-term protection of one’s wealth. Nevertheless, platinum has proved to be an excellent store of value, while it also offers a number of interesting advantages as a long-term investment that could play an important part in a conservative and proactive strategy.
Although it might not share gold’s illustrious history, having served as real money for millennia, platinum has certainly earned its place among the best precious metals investment options. Its very name, derived from the Spanish “platino”, translates to “little silver” and already gives some hints as to its past.
Having

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“The Eurozone faces the worst combination of economic and systemic risk”

10 days ago

Eurozone faces the worst combination
Interview with Alasdair Macleod:
The past few months have been an exciting time for gold investors, as the precious metal has seen a spike in demand after serious economic concerns and geopolitical tensions unsettled the markets. Many mainstream analysts have pointed to a number of recent events, from the US-China trade war escalations to the inverted yield curve, to explain the recent gold rally. Although these developments certainly play a part in short-term price moves and are of great interest to speculators, for the long-term investor, who understands the true function of gold and the purpose of their physical precious metals holdings, the bigger picture is much more relevant.
To further examine the implications of this

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“The Eurozone faces the worst combination of economic and systemic risk”

13 days ago

Interview with Alasdair Macleod:
The past few months have been an exciting time for gold investors, as the precious metal has seen a spike in demand after serious economic concerns and geopolitical tensions unsettled the markets. Many mainstream analysts have pointed to a number of recent events, from the US-China trade war escalations to the inverted yield curve, to explain the recent gold rally. Although these developments certainly play a part in short-term price moves and are of great interest to speculators, for the long-term investor, who understands the true function of gold and the purpose of their physical precious metals holdings, the bigger picture is much more relevant.
To further examine the implications of this perspective, I turned to Alasdair Macleod, whose insights

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THE FED’S CAPITULATION: WHAT IT MEANS FOR GOLD INVESTORS

20 days ago

“Perhaps they think that they will exercise power for the generall good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.” – Ludwig von Mises, Nation, State, and Economy

After the Federal Reserve’s monetary policy U-turn earlier this year and the central bank’s decision to cut interest rates for the first time in a decade, mainstream investors and analysts believe that holding rates lower and for longer will help keep stock markets afloat and the economic expansion alive. However, given the actual state of the economy, the fundamentals of most leading US companies, the unprecedented debt burden and spiking geopolitical risks, it is clear that these hopes are more akin to wishful thinking and that

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THE FED’S CAPITULATION: WHAT IT MEANS FOR GOLD INVESTORS

20 days ago

“Perhaps they think that they will exercise power for the generall good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.” – Ludwig von Mises, Nation, State, and Economy

After the Federal Reserve’s monetary policy U-turn earlier this year and the central bank’s decision to cut interest rates for the first time in a decade, mainstream investors and analysts believe that holding rates lower and for longer will help keep stock markets afloat and the economic expansion alive. However, given the actual state of the economy, the fundamentals of most leading US companies, the unprecedented debt burden and spiking geopolitical risks, it is clear that these hopes are more akin to wishful thinking and that the Fed’s easing

Read More »

“More of the same” at the ECB increases gold’s appeal

25 days ago

“The intellectual leaders of the peoples have produced and propagated the fallacies which are on the point of destroying liberty and Western civilization.” Ludwig von Mises, Planned Chaos
It took multiple meetings and over 50 hours of official negotiations for EU leaders to reach an agreement on the appointments for the top jobs of the EU and the ECB, but in mid-July the results finally came in. The ECB was particularly in focus, as bad news keeps piling up for the Eurozone economy and markets increasingly look to the central bank for help. Thus, international headlines were dominated by the selection of Christine Lagarde as Mario Draghi’s successor at the helm of the ECB.
Lagarde: A politician in charge of the economy 
Due to succeed Mario Draghi this fall, the

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“More of the same” at the ECB increases gold’s appeal

25 days ago

“The intellectual leaders of the peoples have produced and propagated the fallacies which are on the point of destroying liberty and Western civilization.” Ludwig von Mises, Planned Chaos

It took multiple meetings and over 50 hours of official negotiations for EU leaders to reach an agreement on the appointments for the top jobs of the EU and the ECB, but in mid-July the results finally came in. The ECB was particularly in focus, as bad news keeps piling up for the Eurozone economy and markets increasingly look to the central bank for help. Thus, international headlines were dominated by the selection of Christine Lagarde as Mario Draghi’s successor at the helm of the ECB.
Lagarde: A politician in charge of the economy 
Due to succeed Mario Draghi this fall, the ex-IMF chief has

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New solutions to old problems: The CoreLedger Decentralized Token Economy Operating System

August 13, 2019

“Systems which are in an unnatural state, like our current financial system, only need a push to relax all the accumulated energy and evolve into something new.”
Dr. Johannes Schweifer, Co-Founder and CEO of CoreLedger.

Following the rise and fall of Bitcoin and the crypto rush-and-crash of 2017, words like “blockchain” and “tokenization” have entered the mainstream. However, as most people watching, or even participating, in the crypto-mania didn’t actually have a clear understanding of the basic underlying technologies, their true potential was vastly underestimated by the public. In contrast to what most observers believed then, and many still do, the revolutionary power of decentralized systems extends far beyond just digital currencies, that are just one among a multitude of

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“THE BIGGEST PROBLEM IS THE DEBT PROBLEM” – INTERVIEW WITH H.S.H. PRINCE MICHAEL OF LIECHTENSTEIN (PART II)

August 8, 2019

“Like medieval alchemy that failed to turn lead into gold, today’s easy-money folly of central banks and governments will lead to crisis, not economic growth and prosperity.” – H.S.H. Prince Michael of Liechsteinstein

Claudio Grass (CG): Despite its formidable tradition and the “Old-World” heritage that Liechtenstein was founded upon, the tiny principality has been incredibly agile and efficient in embracing and fostering entrepreneurship, innovation and new technologies, the most recent example being the support for blockchain and crypto-related businesses. Overall, what are the main benefits derived from embracing rather trying to stifle and control innovative ideas and new technologies?
H.S.H. Prince Michael of Liechtenstein (PML): Society, as well as nature, is in a constant

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“THE BIGGEST PROBLEM IS THE DEBT PROBLEM” – INTERVIEW WITH H.S.H. PRINCE MICHAEL OF LIECHTENSTEIN (PART I)

August 6, 2019

“In fact, it is easier for governments to control the spending of people in debt than those with savings. A person with financial resources is free, while debtors are hostage to their creditors.”H.S.H. Prince Michael of Liechtenstein

The rare resilience and the economic and strategic prowess of the Principality of Liechtenstein have elevated the small alpine nation to a bright example internationally in terms of prudent governance. It offers countless lessons in long-term planning, in prioritizing liberty and property rights over state dominance and its success story provides compelling proof that models based on individual rights and freedom of choice, so often dismissed as unrealistic by modern critics, can and do work. In fact, in the case of Liechtenstein, it works a lot better

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THE ROAD TO SERFDOM – BY THE EXAMPLE OF VENEZUELA – PART II

July 25, 2019

“Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.”
Ludwig von Mises, On the Manipulation of Money and Credit, p. 48

Claudio Grass (CG): We have all seen the striking photos of basic necessities and groceries next to the mountains of cash needed to purchase them and the devastating effects of hyperinflation in the economy are well documented. A rise in physical gold hoarding has also been documented among the citizens. Was gold always part of the

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The Road to Serfdom – by the example of Venezuela – Part I

July 23, 2019

“Venezuela is the current poster child of interventionist failure”
When looking at the quality of the media coverage of Venezuela’s crisis and the interpretations of the factors that caused it, the superficiality of most analyses quickly becomes apparent. The explanations offered by many “experts” and commentators largely ignore the country’s history and fail to take into account the pre-existing political and economic dynamics that heavily contributed to, if not predetermined, Venezuela’s current predicament.
To understand these factors and the long road that led to the present crisis, I turned to José Niño, a Venezuelan-American writer, political operative and policy analyst, whose extensive research and deep understanding of the country’s history have armed him with the right tools

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The Swiss Legacy In Direct Democracy Is Exceptional

July 18, 2019

Produced and published by Global Gold.
Our readers probably realize by now, what a proud Swiss fellow I am, and how I take every possible opportunity to argue how Switzerland presents itself as a role model to achieve radical decentralization and respect for civil liberties. It also assures the right of self-determination in an environment where municipalities, cities or smaller states are in competition with each other and, by doing so, limiting the power of politicians. I was particularly intrigued by the comparison made by Rahim Taghizadegan, a polymath I very much admire, in a lecture titled “The Lebanon – A Switzerland of the Near East” that was given at the last Property and Freedom Society conference of

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The Swiss Legacy In Direct Democracy Is Exceptional

July 18, 2019

Produced and published by Global Gold.
Our readers probably realize by now, what a proud Swiss fellow I am, and how I take every possible opportunity to argue how Switzerland presents itself as a role model to achieve radical decentralization and respect for civil liberties. It also assures the right of self-determination in an environment where municipalities, cities or smaller states are in competition with each other and, by doing so, limiting the power of politicians. I was particularly intrigued by the comparison made by Rahim Taghizadegan, a polymath I very much admire, in a lecture titled “The Lebanon – A Switzerland of the Near East” that was given at the last Property and Freedom Society conference of Hans-Hermann Hoppe. Having lived in the Middle East, particular in Tiberias

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In defense of Switzerland

July 7, 2019

Prof. Angelo M. Codevilla
An interview with Prof. Angelo M. Codevilla
Following decades of the propagation of a false historical narrative regarding Switzerland’s role during WWII, an entire generation, especially in the West, has grown up with a distorted version of events, based on unfounded and unsubstantiated claims. To set the record straight, Claudio Grass interviewed Professor Codevilla, whose book “Between The Alps and a Hard Place“, examining the real history of the Swiss in WWII, has made a significant contribution in countering the defamation campaign against the Alpine nation. In it, one can find a detailed examination of this period and an insightful analysis of the relevant historical facts and context,

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All this borrowing to consume is unsustainable and the bill is overdue

July 6, 2019

INTERVIEW WITH KEITH WEINER
June has been an interesting month for gold, as geopolitical events, market fluctuations and developments on the monetary policy front fueled an exciting ride for the precious metal. As long-term investors with a strict focus on the big picture, short-term moves and speculative angles are largely irrelevant in and of themselves, but they do provide important signals that, without fail, confirm the strategic superiority of precious metals holdings in this highly overvalued and artificially inflated investing environment. As anxiety grows in equity markets and as central banks are once again called upon to add even more fuel to sustain the overstretched bull run, more and more investors seek

Read More »

In defense of Switzerland

July 5, 2019

An interview with Prof. Angelo M. Codevilla
Following decades of the propagation of a false historical narrative regarding Switzerland’s role during WWII, an entire generation, especially in the West, has grown up with a distorted version of events, based on unfounded and unsubstantiated claims. To set the record straight, Claudio Grass interviewed Professor Codevilla, whose book “Between The Alps and a Hard Place“, examining the real history of the Swiss in WWII, has made a significant contribution in countering the defamation campaign against the Alpine nation. In it, one can find a detailed examination of this period and an insightful analysis of the relevant historical facts and context, that allow for a deeper understanding of the topics discussed in the interview that follows.

Read More »

All this borrowing to consume is unsustainable and the bill is overdue

July 4, 2019

INTERVIEW WITH KEITH WEINER
June has been an interesting month for gold, as geopolitical events, market fluctuations and developments on the monetary policy front fueled an exciting ride for the precious metal. As long-term investors with a strict focus on the big picture, short-term moves and speculative angles are largely irrelevant in and of themselves, but they do provide important signals that, without fail, confirm the strategic superiority of precious metals holdings in this highly overvalued and artificially inflated investing environment. As anxiety grows in equity markets and as central banks are once again called upon to add even more fuel to sustain the overstretched bull run, more and more investors seek refuge in gold as they brace themselves for a very bumpy ride

Read More »

Gold is the secret knowledge of the financial universe

June 29, 2019

Interview with Chris Powell
Every seasoned gold investor and every student of monetary history has likely stumbled upon various theories about institutional manipulation of the gold market. While it is true that rarely is there smoke without fire, it is still important to approach this matter rationally and form opinions based on sound evidence and solid research. This is why I have personally been following the work of the Gold Anti-Trust Action Committee Inc (GATA) for quite some time. Their findings, essays and analyses have not only been enlightening, but also allow for a deeper understanding of the gold market. Thus, it was only natural that I jumped at the opportunity to interview Chris Powell, GATA’s

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Gold is the secret knowledge of the financial universe

June 27, 2019

Interview with Chris Powell
Every seasoned gold investor and every student of monetary history has likely stumbled upon various theories about institutional manipulation of the gold market. While it is true that rarely is there smoke without fire, it is still important to approach this matter rationally and form opinions based on sound evidence and solid research. This is why I have personally been following the work of the Gold Anti-Trust Action Committee Inc (GATA) for quite some time. Their findings, essays and analyses have not only been enlightening, but also allow for a deeper understanding of the gold market. Thus, it was only natural that I jumped at the opportunity to interview Chris Powell, GATA’s co-founder, and discuss with him the past and current state of the gold

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Why the Swiss Voted for More Gun Control

June 21, 2019

Listen to the Audio Mises Wire version of this article.
On May 19, 2019, Swiss voters approved a new set of gun control restrictions. This newly-approved gun control measure would put Switzerland’s gun control laws in line with European Union standards. Under this new law, military-style, semi-automatic weapons would be heavily restricted, while also tightening up gun registration standards. A few exemptions were made for participants in shooting sports who will still be able to nominally exercise their right to own arms without going through many more hurdles.
Those in the international gun community expressed concern after this vote, where Swiss voters resoundingly cast their ballots in favor of these new regulations by a 64-36 percent margin. Switzerland is commonly viewed as

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INTERVIEW WITH CARLOS A. GEBAUER – PART II

June 19, 2019

You can’t eat a cake that has not even been baked yet!
Claudio Grass (CG): How do you assess the steps taken so far to fend off the collapse of the pension system, like increasing the retirement age? Do you believe such measures will suffice and how do you evaluate their impact on the citizens’ lives?
Carlos A. Gebauer (CAG): Frankly speaking, measures like increasing the retirement age to extend the period of cash-inflow and abbreviate the time of outpayments or, as an alternative at the other end of a person’s lifetime, shortening the mandatory school period from 13 to 12 years, amount to nothing more than a cosmetic repair and mere window dressing. Mathematics functions adamantly and the numbers continue to paint a very stern picture. Quite simply, once the proportions between the

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INTERVIEW WITH CARLOS A. GEBAUER – PART I

June 11, 2019

“You can’t eat a cake that has not even been baked yet”
For quite some time now, I have been closely following news and reports out of Germany regarding the country’s pension system and the immense pressure it is under, placing those who support it and depend on it at great risk. Germany might be widely celebrated as the economic powerhouse of the EU and as its higher net contributor, supporting countries like Greece and Poland, and yet it would appear that the German state is now struggling to keep the promises it made to its own citizens. Old age poverty is on the rise, while the German pension system is steadily marching towards the edge of a cliff.
To get a better understanding of the factors that led up to this upcoming pension crisis and the systemic flaws that made it

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THE PENALTY FOR SAVING

May 30, 2019

In previous articles, we have outlined in great detail the many faults of the current monetary policy direction of major central banks and the large-scale economic impact of keeping interest rates artificially low. Among the worst offenders is the ECB, that is unapologetically persistent on continuing this exercise in absurdity that are negative interest rates. Over the last few years, the effects of this decision have been felt by pensioners and by responsible, conservative investors, who were forced to increase their risk in order to achieve reasonable returns. However, by now, we start to see the real-life implications and practical consequences of this policy direction affect every single normal citizen with a savings account.
Zero interest on savings accounts
Overall, saving

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THE PENALTY FOR SAVING

May 30, 2019

In previous articles, we have outlined in great detail the many faults of the current monetary policy direction of major central banks and the large-scale economic impact of keeping interest rates artificially low. Among the worst offenders is the ECB, that is unapologetically persistent on continuing this exercise in absurdity that are negative interest rates. Over the last few years, the effects of this decision have been felt by pensioners and by responsible, conservative investors, who were forced to increase their risk in order to achieve reasonable returns. However, by now, we start to see the real-life implications and practical consequences of this policy direction affect every single normal citizen with a

Read More »

THE WAR ON CASH: A CLOSER LOOK AT ITS FAR-REACHING IMPLICATIONS – PART II

May 27, 2019

Economic, social and human cost
Beyond privacy, there is also widespread concern over the economic impact of a fully cashless system. For one thing, as citizens slowly become exclusively dependent on big banks and card companies the systemic risk to the wider economy spikes. But it goes further than that too. Without the option to keep some cash outside the banking system and retain some degree of financial flexibility, banks have the potential to essentially keep their clients hostage. Bail-in scenarios and deposit “haircuts”, allowing distressed banks to directly take funds from their clients’ accounts, a scenario we saw in Cyprus in 2013, are instantly simplified. Good old-fashioned bank runs are all but eliminated as leverage, while policies like NIRP and ZIRP face significantly

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THE WAR ON CASH: A CLOSER LOOK AT ITS FAR-REACHING IMPLICATIONS- PART I

May 23, 2019

Much has been said and written over the last years on the topic of the gradual elimination of cash that we witness in our economic activity and everyday transactions. The massive and widespread political campaigns and practical measures geared at making cash a thing of the past and encouraging the use of electronic money instead have been a deeply divisive issue, especially as the institutional pressure intensifies.
The push for a cashless society
It is true that the rise of plastic money, online payments and electronic transactions has been to a large extent the result of technological progress, faster and more reliable processing systems, as well as consumers’ familiarity with the online world and automation that increased exponentially in the last decades. However, it wasn’t just

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REAL RECOVERY OR MARKET TRICKERY? Claudio Grass On The Everything Bubble – And The Asset Class That’s Still Cheap

May 16, 2019

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Mainstream analysts and market bulls have some powerful numbers on their side: government-published unemployment figures remain low, America just had the best first quarter of a year for stocks since 1998, and the U.S. dollar is still the world’s reserve currency. But is all of this really indicative of a strong economy and a sustainable market, or is it just an illusion?
You have a right to know the truth, so Portfolio Wealth Global just published a powerful interview with markets and commodities expert Claudio Grass of Precious Metal Advisory Switzerland, located on the world wide web at ClaudioGrass.ch. Mr. Grass is a Mises Institute Ambassador and a renowned independent precious metals advisor based out of Switzerland.
Prior to founding the Precious Metal

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THE CURRENT MONETARY ORDER IS NEARING ITS END

May 13, 2019

Interview with Dimitri Speck
Given the massive intervention and monetary manipulation experiment by central banks over the last decade, the amount of distortions created in the market, as well as the record debt accumulation at all levels of the economy, have given rise to considerable risks for investors. For a more detailed understanding of these issues and for his outlook, I turned to Dimitri Speck, a renowned expert in the development of trading systems and in seasonal analysis, whose experience and successful career spans over two decades. Mr. Speck, founder and head analyst of Seasonax, also has valuable insights into the history of the gold market, as illustrated in his book “The Gold Cartel”. He therefore has a very unique perspective, forged through his experience developing

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