Ideas and analysis on money, markets and the world around us.
One 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…
Read the articleMonetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses,…
Read the articleGold and silver drifted this week, continuing last Friday’s end-of-week profit-taking, until the FOMC announced on Wednesday afternoon EST that there was to be no change in the Fed Funds Rate. This was the signal for…
Read the articleThis week, we saw an increase in client activity. Many clients have been net selling the metals in order to take advantage of the price increases since last week. Simultaneously, many clients have been buying into gold…
Read the articleIt is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the…
Read the articleThe consolidation of June’s price rises for gold and silver continues. Predictably, technical analysts are now talking prices down, expecting gold to test the 55-day moving average currently at $1280, and possibly the…
Read the articleThe earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger,…
Read the articleGoldmoney's Las Vegas Townhall Featuring George Gilder and Peter Schiff Goldmoney Co-founder, Josh Crumb and CEO, Darrell MacMullin host the Las Vegas Townhall featuring best-selling author, George Gilder, and Peter…
Read the article