Ideas and analysis on money, markets and the world around us.
Gold and silver had a quiet week, moving sideways after last Friday’s sudden fall. In morning trade in the European time zone, gold traded at $1854, up $5 from last Friday’s close, and silver at $25.40, unchanged. Gold…
Read the articleThis article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail. The underlying assumption is that the transmission of additional money to non-banks in…
Read the articleThe new year for gold and silver got off to a good start, before both metals got slammed midweek. From close of trading on Thursday 31 December (Friday being New Year’s Day when markets were closed) gold was down a net…
Read the articleThere is worrying evidence that 2021 will see the end of fiat currencies, led by the US dollar. US dollar money supply has accelerated at an extraordinary rate, a process that will continue. Signals from the markets…
Read the articleThe most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s declining trend is already well established against other currencies and commodities, leading to…
Read the articleThe world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view. What will replace them — bitcoin or gold? This article argues that…
Read the articleGold and silver prices rose this week, with silver noticeably outpacing gold. Gold rose $40 from last Friday’s close to trade at $1879 in morning European trade today, while silver jumped $1.78 to $25.77 on the same…
Read the articleAbstract It is not for no reason that cryptos are roaring, and precious metals are playing catch-up. In the last month there have been developments that point to a new phase of accelerating monetary inflation for the…
Read the articleThis week, gold and silver rallied on Monday and Tuesday before drifting lower subsequently and ending up little changed on the week. In morning trade in Europe today, gold traded at $1835, down $3 from last Friday’s…
Read the articleThis article assesses the likelihood of the pound following the dollar into monetary hyperinflation. Between March and September, the US Government financed twice as much of its spending by bond sales — mostly through…
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