Latest Goldmoney Research

Jan 16, 2023·James Turk

Book Review of "The Natural Order of Money"

In today's world where common sense is under attack, it is refreshing to read a book that is not only well reasoned, but provides a practical, time-honoured solution to many of the problems that plague modern society. There exists a natural order based on the interdependent components of time...

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Jan 13, 2023·Alasdair Macleod

Gold challenges $1900

Gold and silver were in bullish mode this week, with gold rising strongly and silver consolidating earlier gains. This morning in European trade, gold was at $1905, up $40 from last Friday’s close. On the same time frame silver was unchanged to trade at $23.78. Comex volumes were healthy in...

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Jan 12, 2023·Alasdair Macleod

The evolution of credit and debt in 2023

The evidence strongly suggests that a combined interest rate, economic and currency crisis for the US and its western alliance will continue in 2023.This article focuses on credit, its constraints, and why quantitative easing has already crowded out private sector activity. Adjusting M2...

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Jan 6, 2023·Alasdair Macleod

Dollar bounces, PMs weaken

After a strong start to the New Year, gold and silver succumbed to profit-taking as the dollar recovered slightly. In European trade this morning, gold was trading at $1837, up $14 on last Friday after hitting a high of $1864 on Wednesday. Silver was at $23.43, down 52 cents on the week,...

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Jan 5, 2023·Alasdair Macleod

The benefits of a saving culture

Savings are a vital component of any successful economy, and the foolishness behind the paradox of thrift is exposed in this article. It has been a huge error for Keynesian policy makers to discourage savings in the interests of temporary boosts to consumerism.It is probably too late now...

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Dec 30, 2022·Alasdair Macleod

In 2023 it will be all about the dollar

In very quiet post-Christmas trading, gold was $1815 in European morning trading, up $22 from last Friday’s close. Over the same timeframe, silver was up 11 cents at $23.82. By the last trading day of 2022, the dollar price of silver had risen 2.6%, while gold had fallen 0.8%. They...

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Dec 29, 2022·Alasdair Macleod

Gold in 2023

This article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat currencies which is not. Consequently, analysts who see gold as an...

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Dec 23, 2022·Alasdair Macleod

JPY carry trade is unwinding

As foreshadowed in last week’s market update, year-end factors now dominate precious metals trading. In quiet holiday conditions, gold was barely changed in European trading this morning at $1797, up $4 from last Friday’s close. Silver was $23.75, up 53 cents. Comex Open Interest in gold...

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Dec 22, 2022·Alasdair Macleod

Inflation, recession, and declining US hegemony

In the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The forty-year trend of declining interest rates...

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Dec 16, 2022·Alasdair Macleod

Bears biting back?

Gold and silver spiked higher this week before selling off after the Fed increased its funds rate by 0.5%, followed by the Bank of England and the ECB. From last Friday’s close, in early morning European trade gold was down $22 at $1775, having peaked at $1824 on Wednesday. Silver was trading...

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