Gold News
“So what do you think should be done?” I often get this question after I presented my case against our fiat money system, and I sense there is a trace of frustration in it, a bit along the lines of, you are telling us that we are in quite a mess but you offer no [...]
Well, we did. This week we got preliminary numbers for the GDP of the UK. They came in at -0.2. This means that the UK has now had two negative GDP quarters which is the textbook definition of a recession. From the Report: The chained volume measure of GDP decreased by 0.2 per cent in [...]
After bumping along the bottom of it’s trading range, around the $1620/30 for all last week and the start of this week, the gold price has popped higher and in now looking to close the week at at it’s highest weekly closing level in 7 weeks. The catalyst for the move? What we’ve been saying [...]
Just look how far this debate has come in the past four years. The talk about honest money and a radical reform of our central banking system (like simply getting rid of the counterfeiters-in-chief) is appearing on an almost weekly basis right on the very media outlets that have ignored and maligned it for decades. [...]
When the Tories and the Lib-Dems took office in the UK back in May 2010 they did so on promises of reducing government spending and reducing the debt and deficit. So here we are nearly two years into the coalition government, let’s take a look and see how they’ve been getting on. First let’s take [...]
Yesterday the gold price dipped right in to the heart of the $1630-$1620 area that we’ve been talking about for what seems an eternity. It doesn’t take a rocket scientist to work out what happened next – that’s right, buyers showed up and bid the price back up close yesterday at $1636. This morning the [...]
You may remember last year we wrote a couple of articles (here and here) on a piece of legislation introduced at the state level in Utah that would allow citizens in that State to once again use the precious metals unencumbered as money. We can report that Gary Herbert, the Utah governor has singed into [...]
I hate to give personal investment advice. So please do me a favour and do not treat the following as investment advice. I am expressing my personal opinion here. I do so with honesty and conviction, without a personal agenda – I am not trying to sell you anything – but with some good arguments, [...]
People wonder why gold is not already say $5000 (it certainly could be) right now, given the fact that the US Fed alone and the US treasury have either given directly or bought (or guaranteed) up to $20 trillion USD worth of world bad debt/bonds/CDS/derivatives, you name it. That money went to US and European [...]
As we try and remind people, especially during periods of frustration on the gold market, it’s all about taking a step back and looking at the bigger picture sometimes. And to help that process the World Gold Council have released their analysis of the gold market in the first quarter of 2012. The main take-away [...]
