Roubini attacks the gold bugs
byEarlier this month, in an article for “Project Syndicate” famous American economist Nouriel Roubini joined the chorus of those who declare that the multi-year run up…
Gold
Bank balances and gold
byThere has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more…
Gold is money not because it is scarce but because it is abundant
byThe Honorable Ron Paul says: Why is gold good money? Because it possesses all the monetary properties that the market demands: it is divisible,…
Shifting sands – part 3
byContinued from part 2 … Finally to China where the only thing to note is that the meme of credit exhaustion is starting to…
Physical gold vs paper gold: waiting for the dam to break
byIntroduction In this article I will argue that the recent slide in the gold price has generated substantial demand for bullion that will likely…
Could Bitcoin be the money of the future?
byThe crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may…
Ah! Gold.
byGold’s swoon has triggered a good deal of schadenfreude, some subtle, some less so. It’s hardly a surprise after eleven years of gains and…
Gold sell-off: there is only one question that matters
byLast Friday I participated in a (very short) debate on BBC Radio Four’s Today Programme on the future direction of gold. Tom Kendall, global head of…
Weird scenes inside the gold mine
by“The modern Keynesian state is broke, paralysed and mired in empty ritual incantations about stimulating ‘demand’, even as it fosters a mutant crony capitalism…
A detailed look at Bank of England gold
byThe London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central…