Ideas and analysis on money, markets and the world around us.
America 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…
Read the articleThe First World War appeared to come out of nowhere, the assassination of Archduke Ferdinand in 28 June 1914 led to a major war including Austria, Germany, Russia, France, and Britain in only six weeks. Hamas’s…
Read the articleGold and silver prices steadied this week, trying to find a sense of direction. In European trade this morning, gold was $2022, down $7 from last Friday’s close, and silver was $22.92, up 30 cents. Comex turnover was…
Read the articleThis year is likely to see wealth destruction on a massive scale. The reason this is not widely anticipated in financial markets is due to a mistaken belief that interest rates are at their peak and will decline over…
Read the articleFollowing last week’s brief rally, gold and silver declined this week. In Europe this morning, gold traded at $2028, down $20 from last Friday’s close. And silver was $22.78, down 30 cents over the same timescale. Comex…
Read the articleImbalances in the global fiat credit system are enormous, with foreign ownership of dollars overhanging both foreign exchanges and securities markets. Meanwhile, Keynesian and monetarist hopes that lower interest rates…
Read the articleGold and silver continued their recent consolidation, as US Treasury yields firmed, and the dollar’s trade-weighted index recovered slightly. In European trade this morning gold was $2046, up $3 from last Friday’s…
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