Ideas and analysis on money, markets and the world around us.
Any reasonable saver who has seen the virtue of accumulating gold should be asking himself the crucial and necessary question of when to part with their gold, or at least when to reduce his allocation to precious…
Read the articleThe second part of an extended essay on the gold standard. In Golden stability versus fiat chaos (Part I) we discussed how gold money preserves purchasing power and attacked the factually and logically wrong argument…
Read the articleEarlier this month Eric Sprott circulated a paper, co-authored by him, which concluded that Western central banks have considerably less physical gold than they claim. It shows that since the year 2000 there has been a…
Read the articleLast Monday GoldMoney published my article showing the frightening growth in money-quantities for the US dollar. In that article I stated that the hyperbolic rate of increase, if the established trend is maintained, is…
Read the articleOn October 6, GoldMoney posted my podcast with Robert Wenzel of EconomicPolicyJournal.com. In that podcast, Wenzel expressed concern about the future inflationary implications of the build-up of excess reserves on the…
Read the articleI make no apology for returning to the subject of China, its role in the Shanghai Cooperation Organisation, and gold. Gold is now a strategic metal for present and future SCO governments, which between them have over…
Read the articleThe following is an essay version of a speech given by Spanish trader and economist Felix Moreno de la Cova, at a recent event in Madrid to mark the publication of.... the Spanish version of Gold Wars by the late…
Read the articleEven before the Federal Reserve announced its latest bond-buying blitz on September 13, US money supply measures were growing at a healthy clip. Unofficial M3 calculations reached $14.7 trillion in August. Now that the…
Read the articleSome of the dust from Ben Bernanke’s “QE3” announcement on 13 September has settled. The Federal Reserve is now committed to spending $40 billion a month on agency mortgage-backed securities – an open-ended plan. It is…
Read the articleWhen considering whether gold is a value investment, one needs to first recognise that gold does not have a balance sheet, management team, price-earnings ratio or any of the other things one needs to analyse before…
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