Ideas and analysis on money, markets and the world around us.
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top…
Read the articleThis week, precious metals consolidated their bull run with a dip back to test previous supply levels, which have now become potential support. Having become overbought, this is healthy. Gold lost $6 on the week by…
Read the articleThe major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central banks. The same old tired, failing inflationist responses are being lined up,…
Read the articleGold and silver performed strongly this week improving on Friday’s sharp gains. As our headline chart shows, gold is back to the January 2018 level, while silver still has some catching up to do. Last Friday, gold rose…
Read the articleIn my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings…
Read the articleThe following is a list of the ten most important factors likely to affect gold in 2019. I have grouped them under two broad headings, economic developments, and factors affecting gold itself. Possible economic…
Read the articleAfter failing to break the $1300 level, gold backed off to find support at $1280, and silver dutifully eased as well. From last Friday’s close, after an $11 fall that day gold traded sideways to end up $1 higher on the…
Read the articleAbstract For decades, Western governments have been pursuing a policy of transferring wealth from the public to themselves, their licensed banks and the banks’ favoured customers by means of interest rate suppression…
Read the articleBoth gold and silver are still consolidating recent gains. Gold this week has sold off a little in European morning trade to lose $2 on the week at $1285.50, and silver is down 15 cents at $15.46. As can be seen in our…
Read the articleLast Monday, there was a striking headline in the Daily Telegraph : “Russia looks to bitcoin to soften effects of US Sanctions”. The immediate impact on bitcoin’s price was minimal, though it did rise 4.2% later in the…
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