Ideas and analysis on money, markets and the world around us.
The common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this mistake than the fallacies behind the interpretation of Gross…
Read the articleChina is in the late stages of constructing its thirteenth five-year plan, a process that commenced over a year ago and will result in a first draft in October. While the bulk of the plan will concern regional and…
Read the articleTrading volumes at online bullion dealer, GoldMoney, are up week on week, with buyers taking advantage of the current price. Kelly-Ann Kearsey, Dealing Manager, GoldMoney, said: 'Improved economic figures and more…
Read the articleMarkets this week have been all about renewed dollar strength, with precious metals side-lined. The only notable move was when gold lost $20 and silver 40c on Tuesday, following holidays in the US and UK on Monday. The…
Read the articleGoldMoney customers have been bucking the general market trend and buying up the yellow metal this week. Kelly-Ann Kearsey, Dealing Manager at the online precious metals dealer, says the trend came from a combination of…
Read the articleThere appears to be little or nothing in the monetarists' handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency. Furthermore, since today's macroeconomists have…
Read the articleGold and silver rallied strongly last Friday and into Monday's overnight trading (UK time) before spending the rest of the week drifting lower from initial highs to consolidate above notional support at $1200 and $17…
Read the articleIt has been a good week for gold on the worldwide markets, although GoldMoney customers have been indulging in a spot of speculation and profit taking. Kelly-Ann Kearsey, Dealing Manager at online precious metals…
Read the articleStatistics have become very misleading: in particular we are being badly misled into believing that the US is teetering on the edge of price deflation, because the US official rate of inflation is barely positive, a…
Read the articleThe US dollar continued to lose ground this week, contributing to a firmer trend for precious metals. Gold rose over $40 to $1223, and silver by $1.13 to $17.45, though prices initially opened a little lower in early…
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