“Author Archive”
Articles written by Thomas Paterson
Tom is the Chief Economist at Gold Made Simple, one of the worlds leading gold bullion services. He is head of editorial and research. Tom previously worked as a Broker on a Futures and Options desk at a main brokerage in Canary Wharf and was responsible for the production of “The Economissed” , a research paper tracking Macro themes and trade ideas. Tom is a keen student of the Austrian School of Economics – or as he refers to it ‘real’ economics – and feels very passionate about the lessons that can be gained by all that understand its guiding principals. https://www.linkedin.com/in/thomas-paterson-0661682b

World Gold Council 2014 Q2 Gold Trends report – central banks increase buying by 28%

Today the World Gold Council released their 2014 Q2 Trends Report (which can be read in full here) – and what it really highlights is just what a bizzaro year 2013 was for gold – massive demand and a falling price. Whilst nearly all sub-sectors of gold saw a year-over-year decline in demand (apart from […]

August 15th, 2014 | Posted in Gold News | Read More »

VIDEO: World Gold Council 2014 Q2 Gold Trends report

Today the World Gold Council released their 2014 Q2 Gold Trends report – here’s the WGC’s Marcus Grubb (Managing Director Investment Strategy) going over their findings: Take-aways include: 2014 sees the gold market recalibrate with its long term trend Q2 gold demand falls 16% compared with same period last year Jewelry demand falls 30% globally […]

August 15th, 2014 | Posted in Gold News | Read More »

VIDEO: Have the Tories really cut the UK deficit?

The deficit of the UK is simply the money the country borrows every year to meet its obligations, things like pension payments, benefits and health coverage. It is really the same as an individual not earning enough in a year to pay for their lifestyle, and then makes up the difference by charging it to […]

August 15th, 2014 | Posted in Gold News | Read More »

VIDEO: Just how much money has the Bank of England printed?

By now we all know that the Bank of England has been printing money – something they like to call ‘Quantitative Easing’. So just how much money have they printed, and in what form? It isn’t the physical notes and coins in your pocket that are being created at supersonic speeds… …Today there are around […]

August 15th, 2014 | Posted in Gold News | Read More »

Gold price still tracking the 1974-76 correction path

For the discouraged bulls It’s worth remembering that we’ve seen it all before – or 1974 to be precise. 1974 saw the gold price get hammered (just like in 2013), only to move higher by 700% some six years later. (click for sharper image) From the mid 1960s gold went from $35 an ounce all […]

August 1st, 2014 | Posted in Gold News | Read More »

VIDEO: Just what is growing in the UK economy?

This week our intrepid explorer and truth-teller hits the slopes of France to explain just what is growing in the UK economy – the answer to which is rather troubling for us all. Last week (watch here) Statman broke down how we’re all actually earning less on average than we were back in 2008, leading […]

August 1st, 2014 | Posted in Gold News | Read More »

VIDEO: How can the UK economy be growing when REAL wages are falling?

This week’s episode looks at average wages in the UK over the past 15 years and asks; “just how can there be a recovery in the UK when average wages have been in decline for over six years?”.

The data clearly shows that ‘something’ dramatically changed in the UK economy around 2008 that remains to this […]

August 1st, 2014 | Posted in Gold News | Read More »

Gold price fixing allegations finally reach court

Back in March we wrote about two different studies looking into manipulation of the gold price. Both these studies concluded that the gold price has indeed been suppressed lower. Which lead us to say at the time: Which all means that anyone who’s invested in gold might what to line up and join the mother […]

May 9th, 2014 | Posted in Gold News | Read More »

More signs that gold trade is shifting to the East as Dubai builds massive gold refinery

A few weeks back we wrote about how 40% of all the worlds physical gold trade goes through dubai: And why is big deal? Because 40% of the worlds physical gold traded through Dubai in 2013: Ahmed Bin Sulayem, executive chairman of the Dubai Multi Commodities Centre, which facilitates the trade, said on Sunday that […]

May 9th, 2014 | Posted in Gold News | Read More »

Gold premiums in India STILL $100 over spot as people wait for restriction to end

A couple of months ago we noted that premiums (the price of gold over the global spot price) in China, were double what was being paid in London. Shanghai premiums for 99.99 percent purity gold climbed to $11 an ounce over London prices. They were about $4 last Thursday just before China went on holiday. […]

May 9th, 2014 | Posted in Gold News | Read More »

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