Ideas and analysis on money, markets and the world around us.
In today's world where common sense is under attack, it is refreshing to read a book that is not only well reasoned, but provides a practical, time-honoured solution to many of the problems that plague modern society.…
Read the articleGold and silver were in bullish mode this week, with gold rising strongly and silver consolidating earlier gains. This morning in European trade, gold was at $1905, up $40 from last Friday’s close. On the same time…
Read the articleThe evidence strongly suggests that a combined interest rate, economic and currency crisis for the US and its western alliance will continue in 2023. This article focuses on credit, its constraints, and why quantitative…
Read the articleAfter a strong start to the New Year, gold and silver succumbed to profit-taking as the dollar recovered slightly. In European trade this morning, gold was trading at $1837, up $14 on last Friday after hitting a high of…
Read the articleSavings are a vital component of any successful economy, and the foolishness behind the paradox of thrift is exposed in this article. It has been a huge error for Keynesian policy makers to discourage savings in the…
Read the articleIn very quiet post-Christmas trading, gold was $1815 in European morning trading, up $22 from last Friday’s close. Over the same timeframe, silver was up 11 cents at $23.82. By the last trading day of 2022, the dollar…
Read the articleThis article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat…
Read the articleAs foreshadowed in last week’s market update, year-end factors now dominate precious metals trading. In quiet holiday conditions, gold was barely changed in European trading this morning at $1797, up $4 from last…
Read the articleIn the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis…
Read the articleGold and silver spiked higher this week before selling off after the Fed increased its funds rate by 0.5%, followed by the Bank of England and the ECB. From last Friday’s close, in early morning European trade gold was…
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