Too much liquidity
Yesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary co...
Goldmoney Insights
Suffering a sea-change
There is an established theoretical relationship between bonds and equities which provides a framework for the future performance of financi...
Rising bond yields threaten financial markets
There is a growing recognition in financial circles that price inflation will increase significantly in the near future, and official estima...
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...
The coming oil shortage – Part II
The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch. Both national and international oil comp...
Why the future money is gold and silver
A reminder why they always will be sound money and why bitcoin cannot fill that roleWith bitcoin’s price still rising and expected to rise...
Biden's last throw of geopolitical dice
In a continuing cold war, America is already on the back foot. We have yet to see how long it will be before the Biden administration realis...
The equity-gold price conundrum – Part II
Equity markets have relentlessly rallied over the past 12 months, pushing valuations to extreme levels based on traditional metrics. In this...
The ECB’s Financial Suttee
The European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure...
Money and statistical delusions
I can prove anything with statistics, except the truth-- Lord Canning, c. 1819Does Canning’s aphorism still hold true, given that data col...