Ideas and analysis on money, markets and the world around us.
Gold and silver sold off this week, with gold falling $28 from last Friday’s close to trade at $1873 in European trade this morning. Silver lost $1.25 over the same period to trade at $23.34. Prices came under pressure…
Read the articleThis is the third in a series of articles focused on the outlook for major currencies. The first concluded that the US dollar is already on the path of monetary hyperinflation. The second concluded that the euro system…
Read the articleIn quiet trading this week, gold rose $12 from last Friday’s close to $1911 in morning trading in the European time zone, and silver rose 70 cents to $24.82 over the same period. A mid-week rally took both metals…
Read the articleThe Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is…
Read the articleGold and silver lost most of last Friday’s strong rally during Monday and Tuesday before recovering some of their losses subsequently. In European morning trading today, gold was at $1909, down $20 from last Friday’s…
Read the articleDefinition: Hyperinflation is the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where it proves impossible for them to regain control. It ends when the state’s…
Read the articleGold and silver continue to consolidate in a narrow range this week, with gold up $16 on balance at $1914 in morning London trade, and silver up 26 cents at $24.27 in the same timeframe. Comex volumes were light to…
Read the articleThis article explains the effect of monetary inflation on GDP. Nominal GDP is directly inflated by additional money and credit, so GDP growth is simply a reflection of additional money in the economy. It gives no clue…
Read the articlePrecious metals rallied this week, with gold up $50 to $1910 in early morning trade in London, while silver rose $1 to trade at $23.86. It appears that the bullion banks are being squeezed again, and the table below…
Read the articleNote: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why empirical evidence of fiat money collapses are relevant to…
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