In my view, this new bout of turmoil in financial markets is the prelude to the final demise of government currency. If I’m right, a long-expected collapse in the purchasing power, and of the very concept of fiat currency, will evolve from current events. The purpose of this article is to explain why monetary theory […]
Money is the bedrock on which functioning economies stand. Stable, reliable currency – serving as both a store of value and providing a liquid medium enabling transactions and commerce – is essential for growing and prospering economies. However, control of governments over money has always presented a challenge, as those with power tend to transform […]
Introduction In the Referendum of the United Kingdom’s membership of the European Union, 52% voted for leave, causing shockwaves through financial markets and a rally in gold. Using our gold price framework, we look at the impact on the price drivers for gold going forward. View the entire Research Piece as a PDF here… What […]
The collective decision of the British electorate is to reject the recommendation of its government, excepting those of its few dissenting ministers, that Britain should remain in Europe. It is a signal failure of government policy. Above all, it is a failure that undermines the state’s control over ordinary people. Time will tell whether it […]
The collective decision of the British electorate is to reject the recommendation of its government, excepting those of its few dissenting ministers, that Britain should remain in Europe. It is a signal failure of government policy. Above all, it is a failure that undermines the state’s control over ordinary people. Time will tell whether it […]
Goldmoney Presents The Keisers Live on Stage Max Keiser and Stacy Herbert, hosts of the Keiser Report, joined Goldmoney CEO Roy Sebag and chief strategy officer Josh Crumb for a lively discussion about gold ownership, banking, Bitcoin, and monetary choice. Recorded live at the Isabel Bader Theatre in Toronto, Canada. [embedded content] The views and […]
This week, clients have been net selling gold and silver whilst net buying platinum and palladium. Clients have been speculating on the market conditions ahead of the Brexit referendum. There has been increase in client buying activity this afternoon especially as we draw closer to the releasing of the results. Goldmoney’s clients have favoured the […]
Precious metals had a strong performance this week, so much so that yesterday gold soared through the $1308 level, long regarded as the technical point which confirms, once breached, that the bear market is over. Having closed at $1276 last Friday, yesterday gold traded as high as $1314, and silver at $17.84. Then the news […]
This week, clients have been net selling gold, silver, and platinum. Clients have been speculating on the market conditions with the FOMC statement being released on Wednesday and ahead of the Brexit referendum. Clients have been taking advantage of the higher pricing, particularly on Thursday when the price soared above USD1,300/oz, which was last briefly […]
Brexit is not the most important problem facing markets, it is mounting problems in the European banks. But before looking at that systemic issue, I will summarise the Brexit position, from the trenches, in the last few days before the referendum. In the run-up to Britain’s referendum on 23rd June, the Treasury was tasked with […]
