Gold News
Last month we broke down FTSE:Gold ratio going back to 1935. We pointed out on a monthly close the UK stock market to gold ratio got a low as 1.5. But when gold peaked at £371 on 21st January 1980 that ratio got as low as 1:1.2. In this chart we can see that the [...]
So in the past couple of days we’ve had the UK government demand more money printing, we’ve had journalists hint it’s coming and now today we’ve had word from the central bank, all-be-it in the form of ex-BoE member David Blanchflower. In this interview on the BBC Blanchflower says the following: The GDP numbers are [...]
The government paid for Office for National Statics have released their preliminary estimate of Q2 GDP in the UK – there are two more Q2 GDP estimates to come that are more detailed. The result? UK GDP for Q2 was a miserly 0.2%. This chimes rather well with our piece published back in May titled [...]
Last week we published this article including a Bloomberg chart tracking the rise in US debt vrs the price of gold. We thought we would take a look at correlation when done for the UK. We will leave aside for the moment that the real size of the public debt in the UK is closer [...]
As all eyes are focussed on the circus-show that is the debt ceiling debate in the US it might have escaped your notice that yesterday the UK government called for the Bank of England to print more money. Something we have long predicted would happen, back in February we wrote: Look for more examples of [...]
Toby Baxendale, the Chairman of the Cobden Centre has some interesting thoughts on a new free banking paper published this month. He writes: The article below represents the intellectual endeavours of two of the young stars of the Austrian School to address some of what they describe as “quibbles” with one of the more senior [...]
The world financial system is skating on thin ice, and that ice can crack at any moment The instabilities of the global paper money economy are evident everywhere. In Europe, the debt crisis is picking off one euro-member after another like the protagonists of a teenage horror movie, leaving us in no doubt what the [...]
Once again we find ourselves saying that it’s make or break time for Europe. We’ve lost count the amount of times we said this about Europe in the past couple of years, but the point is the underlying structural problems in Europe are never addressed – they’re just put off for another day. Well that [...]
A long, long , long time ago (like 1 & 1/2 bonuses) Greece had a little trouble accounting for some swap issues……..despite that, Gordon Brown was and David Cameron still is a fan (among many in the powers that be) so who better to help with the rebuilding of EU Debt market confidence than the [...]
Bloomberg is out today with an interesting chart looking at the price of gold as it tracks the US ‘debt ceiling’. We wonder how long it will take until people stop using the phrase ‘debt ceiling’ and start calling it what it actually is, a debt target. (click for sharper image) The chart also amply [...]
