Ideas and analysis on money, markets and the world around us.
Precious metals staged a good rally this week on bear-closing, triggered by uncertainty behind China's series of mini-devaluations. Gold recovered by 4% before dropping $10 of consolidation yesterday (Thursday). And as…
Read the articleWe think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our…
Read the articleThe remarkable statistic in an unremarkable week was that the ratio of deliverable gold to outstanding Comex gold contracts fell to less than one in two hundred. So long as the holder of an expiring contract has the…
Read the articleAlthough customer activity has been positive across all metals, silver has continued to be the favourite metal among GoldMoney's customers this week. Dealing Manager at the online precious metals trader, Kelly-Ann…
Read the articleThere is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank lends money to a customer; it becomes money because the customer draws down this…
Read the articleGold and silver spent this week consolidating their recent price recoveries, with silver tending to hold its ground better than gold. The underlying bullion position however remains very tight. The Financial Times…
Read the articleIt has been silver’s turn to shine this week, as it was a clear buying favourite amongst GoldMoney’s customers. Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey said, “Gold rallied to a one week…
Read the articleIn the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it. Gold was to be replaced by fiat…
Read the articleWhile gold consolidated its recent gains, silver was sold down this week along with other metals and energy. The whole commodity complex suffered badly in the stock-market fall-out, before a sharp bear-squeeze across…
Read the articleThis month has seen something that happens not very often: it appears to be the early stages of a global stock market crash. For the moment investors are in shock, seeking reassurance and keenly intent on preserving…
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