Ideas and analysis on money, markets and the world around us.
The establishment, including the state, central banks and most investors are thoroughly Keynesian, the latter category having profited greatly in recent decades from their slavish following of the common meme. That is…
Read the articleFollowing the Lehman crisis, it became fashionable to cite the Triffin dilemma as justification for inflationary US policies and why they would not undermine the US dollar in the foreign exchanges. But far from being…
Read the articleIn the run up to Christmas, turnover in gold and silver contracts on Comex slowed to a crawl. Having ticked back slightly on Monday and Tuesday, on balance both metals rallied this week, with gold up $7 from last…
Read the articleIt has been a disappointing year for profit-seeking precious metal investors, but for those few of us looking to accumulate gold and silver as the ultimate insurance against runaway inflation it has been an unexpected…
Read the articleIn last Friday’s market update I pointed out that the factors driving precious metal prices lower probably had further to run, with the bullion banks trying to manage the market ahead of the year end, when trading…
Read the articleLeading central banks like to think that through careful interest rate management, they have tamed the economic cycles which lead to regular economic downturns. Instead, they have only managed to bury the evidence. To…
Read the articleThe sell-off in precious metals, now entering its fourth week, is struggling to drive gold prices lower, but silver is showing less resistance to this pressure. Since last Friday’s close, by morning trading in Europe…
Read the articleThat the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient, price inflation will almost certainly lead to rising interest rates.…
Read the articleThe attempt to shake out all weak holders of paper gold continued this week into the first days of December. Gold traded at $1770 in European morning trade today, down $22 from last Friday’s close. Silver lost 78 cents…
Read the articleMoney and Liberty — In the Pursuit of Happiness & The Theory of Natural Money — by James Turk, Published by Wood Lane Books ISBN (paperback $19.99): 978-1-7398511-1-8 Available as a Kindle book from Amazon ($9.99). This…
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