Ideas and analysis on money, markets and the world around us.
Another tough day for gold yesterday. The metal looks like it could test support at $1,600/oz, depending on the noises coming from governments in the run up to the weekend’s G20 gathering in Moscow. The short-term…
Read the articleThe "cash for gold" – or “cash 4 gold” if you prefer – business has been booming in recent years, but such ventures operating in America are facing the prospect of tighter regulation. This may include requirements to…
Read the articleGold and silver may be struggling for direction at the moment, but palladium continues to move higher: bursting above the $760/oz mark yesterday. Platinum enjoyed a solid up day – though its bullish progress has slowed…
Read the articleHRH Queen Elizabeth II: “I saw all the Gold bars. Regrettably, not all of them belong to us.” George Osborne, Chancellor of the Exchequer: “Some of them were sold, but we still have got some left.” For the first time…
Read the articleWe saw a slight return of euro jitters in the second half of last week, following comments from European Central Bank President Mario Draghi, hinting that the strengthening euro since last summer was problematic for the…
Read the articleThe purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date. It goes without saying that the measure used, money, should be constant if…
Read the articleGiven the almost exclusive media emphasis on the gold price in US dollars, it’s easy to forget the sometimes-wide divergence in performance of other national currencies versus gold. The Japanese yen and British pound…
Read the articleUS M3 ended 2012 at over $15 trillion, as we have been predicting since Operation Twist was launched. The US national debt stands at over $16.5 trillion, while the gold price ended the year at $1,660 per troy ounce. The…
Read the articleA PeakProsperity.com reader recently lamented: "I have been trying to get my head around the mechanism of QE. Not being an economist or experienced investor I don't really understand a lot of the jargon. The usual…
Read the article“The only problem with heroin is that it is so moreish.” That’s one of the comments on an FT story ($) about remarks made by the outgoing chairman of Britain’s Financial Services Authority, Lord Turner, in favour of…
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