Ideas and analysis on money, markets and the world around us.
For most of the 21 st century, when the rest of the world economy struggled, China has been the “growth engine of last resort”. The Chinese state successfully put the foot on the gas and stimulated domestic demand when…
Read the articleGold and silver both had spectacular weeks, with gold peaking at a record $2222 overnight on Thursday and silver at $25.75, before profit-taking set in. In European trade this morning, gold was trading at $2166, up $4…
Read the articleRussia tried to get a gold-backed trade settlement currency onto the BRICS agenda last August but failed. There has obviously been a rethink, judging by the few public briefings from senior Russians. In those briefings,…
Read the articleAfter a powerful up-move last week, this week gold had a minor correction. Silver’s upward momentum continued through to Wednesday before it ticked off the top. In European trade this morning gold traded at $2168, down…
Read the articleAs collateral securing credit, tangible property values are the underpinning of credit upon which a modern economy depends. If there are serious credit problems in the private sector, they usually radiate from property.…
Read the articleThe ratios of gold to other precious metals such as silver platinum and palladium have been increasing over the past year. In the case of platinum, the ratio is near all-time highs. We find that historically gold has…
Read the articleGold and silver surged this week on a sudden increase in demand. In European trade this morning, gold was $2167, a new record and up $85 from last Friday’s close, while silver at $24.49 was up $1.18. Comex volumes in…
Read the articleSince 24 January, bitcoin has risen 65% and gold rose about 7% priced in US dollars. Before gold began its current successful but relatively modest leap into new high ground, there is little doubt that hedge funds and…
Read the articleIn price terms, all was quiet for gold this week, but yesterday saw a ten-dollar rise. In European trading this morning, gold was $2047, up $16 from last Friday’s close, while silver at $22.62 was down 22 cents. Comex…
Read the articleThis article points out the dangers to the value of credit from a rickety global banking system. This will almost certainly become the primary driver in the gold to credit relationship, replacing the so far relatively…
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