Ideas and analysis on money, markets and the world around us.
The mood of bullishness evident since the start of the year continued yesterday, with the FTSE All-World Index equity index reaching its highest level since May 2011. Copper and crude oil rocketed higher yesterday…
Read the articleBill Gross, a trillion dollar coin and confidence in modern currencies. Precious metal prices have rallied over the last 24 hours, encouraged perhaps by talk of trillion-dollar platinum coins and various other ways of…
Read the articleAs if last year's new regulations from the Indian government had not caused enough turmoil at the local gold markets, tomorrow the Ministry of Finance and the Reserve Bank of India (RBI) will be publishing new…
Read the articleCheaper office space for Goldman Sachs, an extension of a tax on rum, and a tax break offered to those building NASCAR racing tracks (yes, you read that last one correctly). All some of the more colourful (or scandalous…
Read the articleThe New Year should see some major changes in how gold and silver are regarded in the West, if it becomes obvious that confidence in government-issued money as a medium of exchange might be misplaced. This concern is…
Read the articleBetter than expected ADP jobs numbers combined with hawkish noises from the Federal Reserve have prompted a dollar surge over the last 24 hours, with yields on 10-Year US Treasuries rising to an eight-month high. The…
Read the articleThe US fiscal cliff debate is over, and if you’ll excuse me for resorting to a well-worn gold bug cliché, the can has just been given another kick down the road. The problem is of course that the can is getting ever…
Read the articleI have not faced the prospect of a new year with so much trepidation as when I contemplate what is in store for 2013. Systemic risks abound, which of themselves are not the main story, only milestones on the road to…
Read the articleThe Japanese government for the last twenty three years has employed the Keynesian tools of deficit spending and more recently the monetarist policies of expanding money supply in an attempt to stop the economy from…
Read the articleThe human race, in its advanced economic form, is committing euthanasia. The US, UK, Europe and Japan are all implementing economic policies that must ultimately result in the complete destruction of their currencies;…
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