Currency Woes
This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market curren...
Goldmoney Insights
Valuing Gold In A World Awash With Dollars
Summary In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next c...
Gold Price Framework Vol. 2: The energy side of the equation - Part II
In this second part of our updated gold price framework we take a deep dive into the true energy exposure of gold mining companies. We find...
Inflation Rearing Its Ugly Head
The world of finance and investment, as always, faces many uncertainties. The US economy is booming, say some, and others warn that money su...
Irrational Beliefs Are Ruling Markets
To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses...
The Gently Rotting Debt-Ridden EU
The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is...
The Relevance Of Hayek’s Triangle Today
Most of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sect...
It’s not stagflation, but inflationary impoverishment
It is a matter of personal interest that it was my uncle, Iain Macleod, who invented the term stagflation shortly before he was appointed sh...
Crude Oil – The Next 5 Years
LONG TERM OUTLOOK FOR CRUDE OIL IS INCREASINGLY BULLISH OPECs 2016 shift back to its former strategy has led to a sharp decline in global i...
Law of Comparative Advantage
The debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the L...