Ideas and analysis on money, markets and the world around us.
The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy…
Read the articleAs our headline chart shows, gold and silver prices fell heavily over the week, with silver crashing relative to gold. The gold/silver ratio now stands at 101.5, pretty much a record. Gold was down $97 on the week by…
Read the articleThe Germans – as always – have a word for it: Rohrkrepierer. Literally translated it means “[projectile] that explodes in the barrel before it exits the weapon”. This is a perfect analogy for what happened when the Fed…
Read the articleMarkets are just beginning to latch on to the economic consequences of the coronavirus. Central banks are slashing interest rates and beginning to throw new money into the mix and governments are increasing deficit…
Read the articleOn March 3, 2020, I found myself engaged in a twitter thread with Brent Johnson [1] of Santiago Capital after I had inquired into the merits of a particular investment theory which he has been promulgating over the past…
Read the articleAs it has become tradition, Goldmoney’s leadership team – Roy Sebag, James Turk, Alasdair Macleod and Stefan Wieler – were joined by a special guest, former Member of the European Parliament Godfrey Bloom, to film the…
Read the articleThis was the week when investors began to take the coronavirus seriously as it began to spread across America. Europe had already panicked over Italy, where there are now about 4,000 cases reported and 148 deaths.…
Read the articleThe EU and euro face a sudden deterioration in economic conditions due to the coronavirus, which seems certain to widen the differences between Germany and the spendthrift Mediterranean members. But a more immediate…
Read the articleA healthy currency must reflect our relationship with nature. Two trillion dollars is the estimated cost of the fiscal stimulus bill that was passed this week by the US senate. Over the past two weeks, governments and…
Read the articleOil prices have sold off sharply over the past month. Despite a series of bullish events – the US airstrike targetting Qasem Soleimani, Iran’s retaliation attack on US troops in Iraq, the shutdown of almost the entire…
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