Ideas and analysis on money, markets and the world around us.
Since 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…
Read the articleIn subdued trading, gold was little changed on the week, while silver eased. In European trade this morning, gold was $2019, up $4 from last Friday, while silver was $22.64, down 77 cents. Comex volume in gold was low,…
Read the articleFew commentators are aware that the dynamics leading to an inevitable collapse of credit are increasing. When these dynamics begin to unfurl, there is bound to be a global rush out of fiat credit into gold. This is why…
Read the articleThis week, gold dipped below the $2000 level before rallying, and silver reflected a traditional bear squeeze. In European trade this morning gold was $2005, after testing the $1985 level, down $19 net from last…
Read the articleAmerica cannot afford another war because the US Government is in a debt trap already, and it would merely hasten the collapse of her finances. Measured in dollars, gold would soar handing economic power to Russia and…
Read the articleGold and silver moved sideways for yet another week, exhibiting a bullish undertone. In European trade this morning, gold was $2032, down $7 from last Friday, while silver was $22.62, almost unchanged on the week.…
Read the articleWithout a proper knowledge of the legal basis which defines gold as money and that everything else as credit, we cannot fully understand why the only escape for individuals from the growing financial calamity faced by…
Read the articlePrecious metals prices were subdued this week, though there was a firmer underlying tendency. In European trading this morning, gold was $2055, up $38 from last Friday’s close, and silver $23.20, up 43 cents. The…
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