Ideas and analysis on money, markets and the world around us.
Gold and silver prices continued to drift along close to recently established lows this week, showing some support at current levels. Whether or not there is further weakness to come appears to be a reflection of dollar…
Read the articleThis week has seen selling across both gold and silver as our clients give more of their attention to platinum and palladium. GoldMoney's Asian vaults continued to be the most popular vault of choice, with clients…
Read the article"I can prove anything by statistics except the truth" – George Canning Canning's aphorism is as valid today as when he was Britain's Prime Minister in 1817. Unfortunately, his wisdom is ignored completely by mainstream…
Read the articlePrecious metals drifted lower this week, with gold hitting new lows and silver challenging the low level of $13.96 achieved on 26 August, but so far holding just above it. Gold has fallen for 23 days in a row, apart…
Read the articleThis week has seen buying across all the metals. Silver was the favourite this week, with renewed interest in platinum and palladium also. GoldMoney's Singapore vaults continued to be the most popular vault of choice…
Read the articleYour country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice from two imaginary economists. PM: You two economists have different views…
Read the articleGold and silver had a torrid week, driven down to $1075 and $14.20 respectively yesterday afternoon (Thursday) London time before recovering slightly. The background was renewed dollar strength reflected in commodity…
Read the articleGold and silver are now reclaiming their five year low levels. However, silver purchases are on the rise. This is unexpected for the time of year, as many clients tell us that they consider the Indian festival of Diwali…
Read the articleBelieve it or not, one of the topics in economics that confuses macroeconomists is the actual role of interest rates. For the most part they just assume that an interest rate is the cost of money, the price of money, or…
Read the articleThe week was characterised by rumours that the Fed was determined to raise the Fed funds rate at the FOMC's December meeting. As a result gold and silver prices fell sharply to show losses of 6.6% and 3.7% on the year…
Read the article