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...
Goldmoney Insights
The Brexit chicken game
At last, there are signs a sense of reality is dawning on the EU’s negotiators about the futility of trying to force the UK to agree to a...
The productivity myth
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit ang...
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there ha...
The upcoming increase in interest rates
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The w...
Outlook for the dollar price of gold
Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a fam...
Gold – crossing the Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it coul...
The fiscal benefits of free trade
Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally man...
Follow the money
Since 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete finan...
The logic of a modern gold standard
In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooper...