Ideas and analysis on money, markets and the world around us.
Since August 2014, bank reserves at the Fed have fallen by $646.6bn, while the sum of cash, checking accounts and deposits held by the public has risen by $1990bn. The fiat money quantity i has now breached the $15…
Read the articleBitcoin is more valuable than gold? Introduction The price of Bitcoin seems to have exceeded the price of gold for the first time; however, this comparison is completely arbitrary. Gold is measured in weight, while…
Read the articleThe last trading week of 2016, shortened to only four days with some markets closed an extra day, saw gold and silver rally in quiet trade. Gold gained $26 to open in early morning trade in Europe at $1159, and silver…
Read the articleMost people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from…
Read the articleGoldmoney Wealth clients have been net selling this past week, while profitable sales in gold and silver lock in gains. Clients have preferred vaults in Switzerland, Singapore, and London, and have shown less preference…
Read the articleGold and silver drifted slightly lower over the week in quiet pre-Christmas trade. Again, precious metals are reflecting a strong dollar, rather than anything fundamentally wrong with gold and silver. The last two…
Read the articleWe exit 2016 on a tide of investor optimism. At long last, there will be a businessman in charge of the US economy in the form of a new president, and the stimulation he will provide is of tax cuts and infrastructure…
Read the articleGoldmoney Wealth clients have been net selling all precious metals this past week. Positioning themselves ahead of the Fed rate decision, most selling took place in gold and silver. Clients have preferred vaults in…
Read the articleThis week the Fed announced the widely expected rise in the Fed Funds Rate to a target of 0.5 – 0.75%, with the expectation that there will be three more rises over the course of 2017. Predictably, the gold price got…
Read the articleEven before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already…
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