Ideas and analysis on money, markets and the world around us.
This week, clients have been net buying gold whilst net selling silver. Week on week, the volume of orders seen have been lower than last week; however, this could be due to the gold and silver price being stuck in a…
Read the articleGold and silver continued their consolidation phase this week, but the undertone remained firm. Technically, it is fair to assume that both metals are no longer overbought, though aside from Comex releases, this is…
Read the articleIt’s easy to criticise the Fed for its failures, because its successes have been only one in number: kicking the can down the road. But we should spare a thought for the difficulties policy-makers now face. So what…
Read the articleWhat Did J.P. Morgan Mean? The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress. Mr Untermyer: I…
Read the articleGold’s Natural Monetary Properties Everything we can touch, feel, breathe or burn is an element or compound. Everything built, manufactured, or invented relies on an inexorable causal relationship commencing with the…
Read the articleLast Friday (5 August) the US dollar jumped on better than expected payroll figures, and spent the first half of this week easing as the excitement wore off, before rallying again yesterday. Gold and silver reflected…
Read the articleThis week, clients have been actively net buying gold and silver, with Goldmoney Wealth seeing an increase in the number and value of orders being placed as clients take advantage of the lower prices seen in the week.…
Read the articleOne of my regular readers has raised the important subject of Say’s law, the denial of which both Keynesian and modern monetarists are emphatic. They need this fundamental axiom to be untrue to justify state stimulation…
Read the articleGold and silver resumed their march upwards, with gold challenging the early July high at $1367 on Tuesday. Currencies were being driven by yen strength/dollar weakness, benefiting gold in dollar terms. After a pause in…
Read the articleThis week, clients have been net buying gold, possibly as a safe haven but also as gold has been the best performing asset of the year so far. Many clients have been seen selling their silver positions, possibly to take…
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