Ideas and analysis on money, markets and the world around us.
As the gold price rose amid safe haven buying from the tension in Ukraine, GoldMoney customers waited out the rush with the bulk of precious metal purchases occurring after the main market moves. Head of Dealing at the…
Read the articleThe rise in the gold price ran into profit-taking on Wednesday. Having risen $160 to $1345 some short-term profit taking is only to be expected, and silver followed suit. The action in silver revolved round the March…
Read the articleThe chronological events of 2013 set the background for gold in 2014. It was a momentous year which should ensure a rise in the gold price in 2014. Before 2013 demand for physical ETFs was high. At the same time Asian…
Read the articleGoldMoney, the online precious metals dealer, has reported a week in which its customers in the west have resorted to some profit taking following the recent rise in gold and silver prices, with silver taking the…
Read the articleThis week has seen precious metals prices rise strongly, with the bears caught on the hop. The chart below shows gold which at the time of writing has been consolidating under overhead supply in the $1330-50 level. The…
Read the articleWhen US money supply measured by M2 stood at $11 trillion in December 2013, I calculate that total broad money of the next largest 50 countries ranked by GDP amounted to the equivalent of a further US$67 trillion at…
Read the articleThe bulls have been back in charge of the gold market this week after US Federal Reserve Chair, Janet Yellen confirmed the Fed will continue to cut its stimulus measures, whilst yesterday's disappointing data on US…
Read the articleGold has now rallied over 10% since December 31. This, in the words of one analyst who achieved widespread publicity was meant to be "a slam-dunk sell". Instead, gold has soared through its 50-day moving average as well…
Read the articleThe China Gold Association this week released estimates for China's "gold consumption" for 2013 at 1,176 tonnes. Furthermore the CGA reported China's own gold production at 428 tonnes. The CGA's figures were…
Read the articleWhat is the best way to save in money with interest rates so low? Martyn White of GoldMoney suggests a simple way to save money and preserve your wealth. Read the complete article in Business Brief .
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