Monetary discord
Last Monday’s Daily Telegraph carried an interview with Jaime Caruana , the General Manager of the Bank for International Settlements (the BIS). As General Manger,…
Time for change in the London bullion market
[Editor’s note: The Cobden Centre is happy to republish this commentary by Alasdair Macleod, the original can be found here.] The London bullion market…
A tale of two certainties
It is common knowledge that Japan is in extreme financial difficulties, and that the currency is most likely to sink and sink. After all,…
Taming the markets
A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) entitled Global Public Investor 2014 discussed the investment strategies of 400 government…
Technical analysis versus value in gold
Editor’s note: The Cobden Centre is happy to republish this commentary by Alasdair Macleod, the original can be found here. At the outset I…
Renewed estimates of Chinese gold demand
Editor’s note: This article was previously published here at Goldmoney.com. It is republished with thanks. Geopolitical and market background I have been revisiting estimates…
Speech to the Brazilian Chamber of Commerce in London
Last week I spoke to a small group in London about the current monetary situation and the outlook for gold. The speech lasts about…
All currencies are an inverse pyramid based on the dollar
When US money supply measured by M2 stood at $11 trillion in December 2013, I calculate that total broad money of the next largest…
Emerging markets, interest rates and tapering
Thanks to the Fed’s tapering, a wider public is becoming aware of currency instability in diverse economies, from Turkey to Argentina, and India to…
Why the West sells gold and China buys it
A number of readers and bloggers have recently suggested there must be collusion between America and China over the transfer of physical gold from…