Ideas and analysis on money, markets and the world around us.
A recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney published over a month ago describing derivative risks…
Read the articleAfter a knock-down Monday, gold and silver resumed their firm tone this week in light Comex turnover. In Europe this morning, gold was at $1798, unchanged from last Friday’s close, and silver traded at $23.08, down only…
Read the articleThe FTX scandal has thrown the future of cryptocurrencies into doubt. Supporters of bitcoin, which has proved to be remarkably robust at a time when the whole cryptocurrency ecosystem is threatened by scandal and a…
Read the articleOn the back of a weakening dollar, gold and silver prices rallied strongly again this week. In European trade this morning, gold was $1800, up $54, and silver gained 38 cents to trade at $22.74. Since mid-October, gold…
Read the articleGoldmoney’s leadership team and special guests sat down at the London Royal Society to discuss the state of the global economy, geopolitics, central banks, energy and gold. The panellists are Roy Sebag, Founder and CEO;…
Read the articleIn this article I examine the current state of the fight for hegemonic control between America on the one side, and Russia and China on the other. It is being fought on two fronts. Ukraine, the one in plain sight, is…
Read the articlePause for Thanksgiving The Thanksgiving holiday in America ensured that trade in precious metals was subdued this week. Nevertheless, gold and silver prices held their ground. In European morning trade today, gold was…
Read the articleOver the last two weeks gold and silver have continued to enjoy a significant rally, but this week has been one of consolidation. In European trade this morning, gold was at $1765, down $14 from last Friday’s close. The…
Read the articleThe gap between fiat currency values and that of legal money, which is gold, has widened so that dollars retain only 2% of their pre-1970s value, and for sterling it is as little as 1%. Yet it is commonly averred that…
Read the articleAt these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the…
Read the article