The funny-money game
The sense of general unease that I detect among those I meet and discuss economics and financial matters with is increasing —with good rea...
Goldmoney Insights
The dollar’s debt trap
On the fiftieth anniversary of the Nixon Shock, this article explains why fiat currencies have become joined at the hip to financial asset v...
Western socialism and Eastern capitalism
There has been a significant shift in geopolitics in recent months, with the US consciously deciding to withdraw from Asian conflicts, notab...
2020—2022 versus 1929—1932
Current levels of equity markets are not only divorced from their underlying economic and business realities but are repeating the madness o...
LBMA gets a lifeline
The draft PRA rules complying with Basel 3 regulations have now been issued six months ahead of their implementation to allow banks to adjus...
Inflation, asset and consumer prices
“The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial asse...
The Geopolitics of Gold
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies a...
Suffering a sea-change
There is an established theoretical relationship between bonds and equities which provides a framework for the future performance of financi...
The end of paper gold and silver markets
This article looks at the likely consequences of the Bank for International Settlements’ introduction of the net stable funding requiremen...
The economic consequences of bank credit contraction
As well as financing escalating government deficits, central banks face an additional problem of replacing contracting bank credit to the no...