Ideas and analysis on money, markets and the world around us.
Britain left the EU on the last day of January and is an independent nation once more. The new Johnson government is confident that Britain will do well outside the EU. Free trade will be embraced, and a no-deal…
Read the articleIt was another quiet week for the gold price, but silver lost out. In morning trading in Europe gold was $1579, up $7 since last Friday, while silver had lost 23 cents at $17.87. Silver’s underperformance relative to…
Read the articleWe don’t know what will trigger the crisis, but a likely candidate is foreign selling of US dollars combining with a collapse in the US government’s finances. Perhaps the coronavirus will turn out to be a black swan…
Read the articleGold and silver continued to move sideways this week in a narrow range. Monday was a public holiday in the US, which seems to have set the quiet tone. In European trade this morning, gold traded at $1561, unchanged from…
Read the articleThe benefits of a deflation of prices brought about by a combination of sound money and markets free from government intervention have been demonstrated to be the best economic environment, the denial of which in favour…
Read the articleGold moved sideways this week in a tight range. The story for silver was the same, but with a little more volatility, as one would expect. By morning trading in Europe, gold had lost $7 from last Friday’s close to trade…
Read the article“Because your question searches for deep meaning, I shall explain in simple words.” – Dante, Inferno Periodic economic destruction by bank credit is not new. It has been a problem for millennia. The basis of it, the…
Read the articleOur headline chart does not capture the volatility this week that was sparked by the assassination of the Iranian Major-General Qasem Soleimani, and the subsequent reprisal. While gold was down $4 from last Friday’s…
Read the articleGiven the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset. Without a completely different approach and by retaining the…
Read the articleGold and silver prices rose strongly over the Christmas and year-end break, though volume on Comex was subdued, normal for this time of year. Gold has gained $47 since Christmas eve to trade at $1547 in early European…
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