A wider perspective.

Ideas and analysis on money, markets and the world around us.

The screaming fundamentals of owning gold

Here's Chris Martenson's mammoth annual report on the fundamental reasons for owning gold. The plethora of systemic risks that make gold a wise investment continue to expand, as does the shocking imbalance between…

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Renewed estimates of Chinese gold demand

Geopolitical and market background I have been revisiting estimates of the quantities of gold being absorbed by China, and yet again I have had to revise them upwards. Analysis of the detail discovered in historic…

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Chinese shadow banking and commodities

The story that commodities are at the centre of China's shadow banking system has gained prominence in recent weeks. No firm evidence has been presented to confirm the scale of these activities, bearing in mind China's…

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Market Report: Gold’s wall of worry

This week gold fell from a high of $1390, achieved late on Sunday night European time, to a low of $1322 last night before rallying $15 on London's opening this morning. To put this fall in context, the gold price had…

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