Ideas and analysis on money, markets and the world around us.
It has been an interesting week for international online precious metals trading platform GoldMoney, which has seen an increase in new gold purchases being stored in its Asian vaults, but a slowing down in the movement…
Read the articleSince Monday financial markets have consolidated following the emerging market currency shocks of the previous week. Safe-haven bonds were strong initially, before tailing off yesterday. Equities started the week badly…
Read the articleWhen Lehman collapsed in 2008, the world stopped while the Fed implemented its plan to rescue America's banks and the world's financial system. This was achieved by making unlimited money available to the banks, and the…
Read the articleOne of the world's largest online precious metals trading platforms, GoldMoney, has experienced the biggest gold buying spree from its customers since last summer. GoldMoney's Head of Dealing, Roland Khounlivong said:…
Read the articleThe second tapering reduction, a further $10bn per month, was announced this week. It was we are told by the news channels fully expected. This is probably the initial reason why US Treasury prices rose on the news,…
Read the articleThanks to the Fed's tapering, a wider public is becoming aware of currency instability in diverse economies, from Turkey to Argentina, and India to Indonesia. Indeed, on Tuesday night Turkey raised overnight interest…
Read the articleThis week has seen some large sell orders among gold and silver customers of GoldMoney looking to cash in their profit; but with more small buyers entering the market, the online precious metals platform has still…
Read the articleIt transpired last week that of the 43-odd tonnes per annum the Bundesbank expects to be returned from the New York Fed only 5 tonnes arrived in 2013. Furthermore, of the 373.7 tonnes stored with the Banque de France…
Read the articleBy December, the most recent month for which statistics are available, the US dollar Fiat Money Quantity (FMQ) had grown to $12.48 trillion. This is $5.05 trillion more than if it had grown in line with the established…
Read the articleAlmost unnoticed, Open Interest in gold futures has taken off spectacularly, increasing by over 35,000 contracts since the beginning of the month, which is shown in the following chart. As a general rule of thumb, an…
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