Precious metals in 2014
“Now the New Year reviving old desires The thoughtful Soul to Solitude retires” – Rubaiyat of Omar Khayyam Yes folks, it’s that time of…
Tapering – join the dots and end up with ZIRP
Now we know: The Fed is going to purchase $75bn of assets, a reduction of $10bn a month. The two other bits of information…
Value versus momentum and the gold price
For many commentators there are two distinct camps in the gold market: investors in bullion and speculators in the paper market. With the two…
There is too little gold in the West
Western central banks have tried to shake off the constraints of gold for a long time, which has created enormous difficulties for them. They…
Cooperation between central banks
Zerohedge recently drew attention to the growing level of foreign bank cash deposits, tucked away at the bottom of the Fed’s H.8 statement. Foreign banks’…
There’s a liquidity crunch developing
This week an article in Euromoney points out that liquidity in bond markets is drying up. The blame is laid at the door of regulations designed…
Finland’s gold
On Wednesday Finland gave in to public pressure and revealed where she stores her gold reserves. The statement followed a press release by the…
The adverse effects of monetary stimulation
A number of people have asked me to expand on how the rapid expansion of money supply leads to an effect the opposite of…
China and gold
China is now overtly pushing for the US dollar to be replaced as the world’s reserve currency. Xinhua, China’s official press agency on Sunday ran…
That US debt ceiling and the Fed
We are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to…