Is gold in a bubble?
Every once in a while a bubble forms in a market. Bubbles can occur in any market, whether stocks, commodities, real estate or as we know from history, even tulip bulbs. Market bubbles are, as the name implies,…
Read the articleA wider perspective.
Ideas and analysis on money, markets and the world around us.
Gold and silver price shakeout
The consolidation of gold’s bull phase from October 2008 to the peak last September was a classic three-leg correction: an initial slide, rally, and final sell-off. Silver followed a similar but more violent pattern.…
Read the articleFEDging the figures
The Fed in its press release announced that it expected interest rates to “warrant exceptionally low levels for the Federal Funds Rate at least through late 2014.” The fact that the central banks governing the two most…
Read the articleUsing vaults to store gold and silver
I consider gold and silver to be the bedrock asset of an investment portfolio. In other words, it is the foundation stone upon which the rest of a portfolio is built. Given this important role in which I hold the…
Read the articleMorning in America
US unemployment figures came in better than expected last week at 8.5%. While noting that the figures underrepresent actual unemployment, does this improvement mark the beginning of an American economic recovery? If so,…
Read the articleFinancial repression
This phrase has suddenly started appearing in economic research, and will probably do so more frequently in the coming months. Its origin is a Bank for International Settlements working paper co-authored by Carmen…
Read the articleGold price rises again 11th consecutive year
Gold has done it again. For the eleventh year in a row, the gold price rose in terms of US dollars. Gold’s rate of exchange to the US dollar climbed 10.2% in 2011, so an arithmetic average of its annual rate of…
Read the articleGold in 2012
We all understand that the future is unknowable. Events yet to come cannot be predicted. Nevertheless, the outlook for 2012 is probably set in stone, and the reason is simple. The financial crisis imperiling the globe…
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Now the New Year reviving old desires, The thoughtful soul to solitude retires. The Rubaiyat of Omar Khayyam We are at the threshold of a New Year and accordingly should accept Omar Khayyam’s recommendation, and as our…
Read the articleGold price set for hyperbolic increase
I recently posted an article for GoldMoney showing how US True Money Supply (TMS) appeared to be growing at a hyperbolic rate, and that gold was also on a hyperbolic course. The difference between hyperbolic and…
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