Ideas and analysis on money, markets and the world around us.
There 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…
Read the articlePrecious metals suffered a torrid week, with silver particularly hard hit. Gold fell from last Friday’s close of $1312 to $1250 at the lowest point yesterday, a fall of 4.7%, and silver fell from $19.16 to $17.11, down…
Read the articleThis week, clients have been net buying gold, silver and palladium whilst selling platinum. We have seen more buying activity since Tuesday as many clients have been bargain hunting after the large drop in price. As the…
Read the articleThe annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being secretive, avoiding stoking a…
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