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
Equity markets and credit contraction
There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank len...
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 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...
America’s financial war strategy
Abstract America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at...
Derivatives and mass financial destruction
Globally systemically important banks (G-SIBs in the language of the Financial Stability Board) are to be bailed-in if they fail, moving the...
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...
India and Gold
The Indian government made headlines recently with its attempts to obtain possession of the gold held by its citizens. It claims it is in t...
Implications of the Ukrainian situation for gold
There is a fascinating story from Robert Peston, the BBC's business editor about his interview with Hank Paulson, who was the US treasury se...