Ideas and analysis on money, markets and the world around us.
G20 Finance ministers meeting in Baden Baden last weekend agreed, on America’s insistence, to drop the long-standing commitment to free trade from the final communiqué. It is hard to know to what extent America’s…
Read the articleThe correlation between gold prices and US nominal interest rates recently dropped to near record lows, which prompted some financial analysts and media sources to predict that further Fed interest hikes will inevitably…
Read the articleOrdinarily, a rise in U.S. interest rates would see the U.S. dollar climb and gold fall....so what happened that saw gold surge and the dollar plummet on the back of Wednesday’s rate hike announcement? Goldmoney Wealth…
Read the articleThe long-awaited event of the week was the Fed raising the Fed funds rate by ¼%. Everyone knew it was coming, and what it would be. The market effect was a strong dollar ahead of the event, and weak precious metals.…
Read the articlePresident Trump was elected on several promises, including one that he would fund tax cuts by cutting public spending. Cynics might note that his first action was to increase spending on the military by $54bn, the…
Read the articleFederal Reserve Chair Janet Yellen communicated the rate hike would be dependent on the employment and inflation data meeting the Fed’s expectations after the U.S. markets closed last Friday. Goldmoney Wealth clients…
Read the articleGold and silver continued to decline over the week, along with base metals and oil. Gold fell $40 from last Friday’s close to $1195, and silver by 112 cents to $16.85 in early European trade this morning (Friday). The…
Read the articleSilver price framework: Both money and a commodity In this paper, we introduce a framework for understanding the formation of silver prices. Silver is both money (store of value) and an input commodity and thus the…
Read the articleCaesar: What sayest thou to me now? Speak once again. Soothsayer: Beware the ides of March. Caesar: He is a dreamer; let us leave him: pass. This famous advice, according to Shakespeare, was ignored with fatal…
Read the articleGoldmoney Wealth clients have been net selling all precious metals this week, with gold being sold to take profit. Clients have preferred vaults in London, Zurich, and Singapore, and have shown less preference for the…
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