Gold News
On the night our documentary I.O.U.S.A. made its nationwide premiere in August 2008, the film was followed up by a live panel discussion, broadcast via satellite. Our friend David Walker, the former US comptroller general and “star” of the film, took part…along with several other luminaries. At one point, the question was asked: Might America’s [...]
Very much under the radar, what with an on-then-off-then-back-on nuclear melt down in Japan and the MENA region having its own meltdown, is a G20 finance meeting in China taking place tomorrow. It is being billed as a ‘currency seminar’. You would be forgiven in thinking that the 20 power-house finance minsters talking about global [...]
Back in our piece titled “Quietly and behind the scenes gold is once again being recognised as money”, we pondered how long it would take before a high-street bank starts to offer loans in gold. It would seem that the UK is well behind the curve on this one, with interesting news out of India today. [...]
Hear the word inflation, and your mind turns back to textbooks on economic principles, and sees solutions that did apply in the past but do not apply today. That is in the developed world. These solutions will work still in China, where incomes are soaring, GDP growth is in double figures and money supply needs [...]
Whilst we often talk about gold in its purest sense – that it is money and has been for 6000 years, it is often forgotten that gold has uses outside of money and jewellery. Silvers list of commercial use is broad and well known – but gold on the other hand, other than some gold [...]
Not long ago, as I recall, a pension fund in some foreign country, one of those Scandinavian ones I think, was ordered to invest no more than about 3% of its custody assets in gold, meaning that the fund had too much gold, and to sell part of its gold holdings in order to comply. [...]
A lot of people who don’t trade or haven’t work on a trading floor think that the financial markets are all math calculations and is pretty scientific. The truth is in fact the complete opposite. People who participate in the markets are just that, people. And as much as traders try, emotion and psychology play [...]
GoldSeek.com had the Reuters news report with the headline “China Adviser Says Beijing Should Buy More Gold.” Now, of course, we are all saying, “This is exactly what The Incomparable Mogambo (TIM) has been advising the Chinese to do, and what everyone should do, too, and buy silver, too!” which rhymes, so you know that [...]
For all those keeping up there have been some very interesting developments involving moving toward a gold-standard. There are basically two breakaway groups rising and making an attempt to capture the monetary regime of the future. One backed by the big banks and the other seemingly stemming from grass roots pressure for the people to [...]
Another horrible data point this week, with the official CPI rate now running at 4.4% annually. Up from 4% last month. We’ve now been above the BoE 2% CPI target since december 2009 – and the bank rather jokingly claims that the 2% target is still relevant. One wonders how a private business would fair [...]
