Ideas and analysis on money, markets and the world around us.
Observing America’s presidential election from afar has been a curious experience for foreigners. The next President will be the de facto ruler of the advanced nations, unelected by them, but subject to his or her…
Read the articlePrecious metals continued to consolidate at the lower levels, moving broadly sideways. Gold was unchanged on the week by last night’s close in New York, at $1269, and silver up 9c at $17.63. The uncertainty facing…
Read the articleGoldmoney Wealth clients have been net selling all precious metals aside from platinum, which appears to be the favourite this week. The improvement in precious metal prices has increased selling, possibly to retain…
Read the articleThere is little doubt that the rapid expansion of both dollar-denominated debt and monetary quantities since the financial crisis will lead us into a currency crisis. We just don’t know when, and the dollar is not…
Read the articleAfter the sell-off of recent weeks, gold and silver found support at $1250 and $17.40 respectively. In early European trade this morning, gold traded at $1263, up $7 since last Friday’s close, and silver at $17.47,…
Read the articleGoldmoney Wealth clients have been net buying all precious metals this week; however, gold has remained the favourite and we continue to receive a high number of orders from clients as they speculate the market in light…
Read the articleIt is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks’ money on deposit at the Fed and physical cash. Besides alerting us to how the…
Read the articleGold and silver had their big fall the previous week, so this week was one of consolidation with prices moving sideways. Gold closed last Friday at $1258, and in early European trade today was more or less unchanged at…
Read the articleThis week, clients have been net buying gold, silver and platinum whilst selling palladium. We have continued to receive a higher number of orders from clients as they continue to speculate the market and take the…
Read the articleMake no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to have to rise possibly for all…
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