Ideas and analysis on money, markets and the world around us.
This week, gold and silver went their separate ways, with gold rising and silver falling. In European trade this morning gold was $1985, up $4 from last Friday’s close, while silver was 22.81, down 21 cents. Gold is…
Read the articleThis article defines credit, a subject upon which there is a lack of public knowledge. What people call money is in fact credit, and money itself, which is physical gold without counterparty risk, rarely if ever…
Read the articleThis week, a firmer trend in gold continued as markets realised the seriousness of the deteriorating situation in the Middle East. In European trade this morning, gold traded at $1979, up $46 from last Friday’s close…
Read the articleAn important error in statistical analysis is that mathematical economists have lost sight of what their beloved statistics represent —none more so than with GDP. I explain why GDP is simply the total of accumulating…
Read the articleOver the past few months, gold prices have completely detached from our model-predicted prices. While we have seen deviations between actual and predicted prices in the past, those deviations were always temporary. What…
Read the articleThe sell-off in precious metals continued as bond yields continued to rise and a strong dollar persisted. In early trade in Europe this morning, gold was $1822, down another $26, unchanged on the year. Silver traded at…
Read the articleThis article looks at the collateral side of financial transactions and some significant problems which are already emerging. At a time when there is a veritable tsunami of dollar credit in foreign hands overhanging…
Read the articleAs the yield on the 10-year US Treasury note soared, gold and silver came under selling pressure this week. But ahead of the weekend, bear closing in precious metals is evident. In European trade this morning, silver…
Read the articleWith the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar? This article describes just how precarious the fiat dollar’s position has become. For now, the dollar appears to be…
Read the articleThe FOMC and the Bank of England surprised markets by not raising interest rates this week as expected. Following the FOMC’s decision, gold and silver fell on the back of its hawkish statement before recovering…
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