The danger of eliminating cash
In the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisi...
Goldmoney Insights
China chooses her weapons
China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 Aug...
Economics of a crash
This month has seen something that happens not very often: it appears to be the early stages of a global stock market crash. For the moment...
The forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is alway...
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...
Welcome to the world of ZIRP zombies
Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initiall...
Renewed estimates of Chinese gold demand
Geopolitical and market background I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have...
Asian gold strategy clarifying
The Russians came up with an extraordinary statement recently, central to why Russia and China are buying gold, the importance of which was...
Gibson’s paradox: the consequences
We now have an explanation for Gibson's paradox (posted here), a puzzle that has defeated mainstream economists from Fisher to Keynes and Fr...
Time for a new gold standard for Asia
Over half the world’s population, living in the Eurasian land mass, understands that gold is money. The leaders of the Asian nations also...