Ideas and analysis on money, markets and the world around us.
A number of people have asked me to expand on how the rapid expansion of money supply leads to an effect the opposite of that intended: a fall in economic activity. This effect starts early in the recovery phase of the…
Read the articlePrecious metals, led by gold, consolidated recent gains on Monday and Tuesday morning before moving ahead strongly late on Tuesday during Comex trading hours. Gold has now extended its rise from the recent intra-day low…
Read the articleChina is now overtly pushing for the US dollar to be replaced as the world's reserve currency. Xinhua, China's official press agency on Sunday ran an op-ed article which kicked off as follows: "As U.S. politicians of…
Read the articleThe news that dominated the week was the eleventh-hour decision by the Republican Party to back down from its game of chicken against the President over Obama-care, the budget and the debt ceiling. The debate now…
Read the articleThis week’s trading has been dominated by the budgetary and debt limit problems faced by the United States. On Monday and Tuesday gold gradually firmed to $1330, before drifting off to a low of $1282 on Thursday evening…
Read the articleWe are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to finance its debt and pay interest without a budget agreed for the…
Read the articleRecently the GoldMoney Foundation published an article proposing a new measure of money supply, the Fiat Money Quantity (FMQ), so that a direct comparison can be made between gold and currency, principally US dollars.…
Read the articleThis was the week when we were reminded of the old tradering adage, that the first market reaction is often wrong. On Tuesday, the morning after the US Government suspended non-essential activities due to the lack of a…
Read the articleWhat’s the current market outlook for gold? And what’s the best way to add physical precious metals to a portfolio? Martyn White, Head of European Business Development at GoldMoney, provides us with a general overview.…
Read the articleAfter all the fuss about tapering, it is worth remembering that central banks can and do expand the money quantity without quantitative easing. Put simply, so long as a central bank decides to hold interest rates at a…
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