A Roman lesson on inflation
“While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” – President Grover...
Goldmoney Insights
Financial war takes a nasty turn
The chasm between Eurasia and the Western defence groupings (NATO, Five-eyes, AUKUS etc.) is widening rapidly. While media commentary focuse...
The implications of a potential European ban on Russian oil imports
Russia is the world’s second largest petroleum exporter. About 5mb/d of crude oil and petroleum products are exported to Europe. A Europea...
The failure of fiat currencies and the implications for gold and silver
This is the background text of my Keynote Speech given yesterday to European Gold Forum yesterday, 13 April.To explain why fiat currencies a...
Gold prices continue to weather the rate storm
Over the past weeks, gold prices showed a remarkable resilience to the relentless rise in both nominal and real-interest rates. For the fi...
Edging towards a gold standard
Commentators are trying to make sense of Russian moves. However, there is a back story which differs from much of the speculation, which thi...
The evolution of credit
After fifty-one years from the end of the Bretton Woods Agreement, the system of fiat currencies appears to be moving towards a crisis point...
The end of fiat hoving into view…
Tragic though the situation in Ukraine has become, the real war which started out as financial in character some time ago has now become bot...
International sanctions on Russia exacerbate oil market tightness
Oil prices have sharply risen over the past two weeks on the back of the unfolding war in Ukraine. Prompt month Brent prices went from an al...
Central banks are now insolvent
Behind the battle to convince everyone that price inflation is not a lasting problem is the necessity to keep interest rates and bond yields...