The Relevance Of Hayek’s Triangle Today

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Most of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector. But some central banks are on the alert as well, notably the Federal Reserve Board, which has taken the lead in trying to normalise interest rates. Others, such as the European… Read More

Gold Investing? Look Away Now

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Because there’s so much else to see…   COULD gold investing get any more boring, Boring, BORING…? asks Adrian Ash at BullionVault.   Only if it doesn’t get any more painful short-term perhaps.   The yellow metal nearly sent traders to sleep over the first 5 months of 2018…   …trading in its tightest price… Read More

Gold Bullion Down $10 on Week as GLD Shrinks 0.5%, SLV Expands 1%

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GOLD BULLION rallied Friday as the US Dollar edged back from this week’s surge on the currency market.   Losing $10 from last Friday’s finish however, gold bullion still headed for its lowest weekly close since mid-December at $1268 per ounce.   Investor interest in the giant SPDR Gold Trust (NYSEArca:GLD) yesterday shrank by 0.5%,… Read More

Meeting Scheduled To Discuss New Reserve Currency

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Written by Chris Marcus for the Miles Franklin blog While the past year has included stunning developments by China and other nations around the globe to reduce their dependence on dollar financing, perhaps the latest blow is the most shocking one yet. As a recent report mentions how “central bankers and officials from 14 African… Read More

S&P, Crude and Gold – Ten Year Estimates

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Miles Franklin sponsored this article. Borrow and spend! Debt and bubbles. Happy days are here again. Maybe not. Unpleasant consequences will result from imploding bubbles in corporate debt, housing, student loans, stock markets, sovereign debt, cryptocurrencies and others. Official U.S. Federal government national debt exceeds $21 trillion and has doubled every 8 to 9 years… Read More

Singapore, Trade and Geopolitics

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The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and ended up shaking hands with a previously avowed enemy in Singapore. The formally leisurely pace of global diplomacy, where all is pre-agreed before the photo-op showing unanimity of leadership, was ditched… Read More

Contrarians See Opportunity in Negative Sentiment

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Gold and silver markets entered this summer with sentiment toward the metals in something of a deep freeze. For several months, precious metals prices have gone essentially nowhere. No sustained rallies to attract momentum traders; no washout plunges to attract bargain hunters. The long, protracted stalemate between bulls and bears has frustrated metals investors and,… Read More

A Scheme for Linking Currency to Gold

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Comparing the value of bullion held to the narrowest expression of money is likely to prove insufficient upon which to base a future monetary policy. But, given a good base of monetary gold, it is possible to set up arrangements to discourage redemptions of currency for physical gold when a gold exchange standard is fully… Read More

Another New 2018 Gold Price Low as Asian Buying Stays Weak

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GOLD PRICES fell to new 2018 lows against a rising Dollar on Tuesday in London, hitting $1274 per ounce as President Trump threatened to hit back at China’s retaliation over last week’s new US trade tariffs with extra charges on another $200bn of Chinese imports.   Accused of “blackmail” by Beijing, Trump says these extra… Read More

Loving Debt = War on Gold

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From Kristin Hannah, author of “The Nightingale,” a novel. “In love we find out who we want to be; in war we find out who we are.” She wrote about WWII, but her insight applies to debt and gold. Miles Franklin sponsored this article. The world has created over $200 trillion in debt, more than… Read More

The Most Convenient Way to Hold Precious Metals

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Most people buying physical bullion believe in the adage “if you can’t hold it in your hands, you don’t really own it.” There is real wisdom in having the total control that comes with physical possession. A person with a gold coin or bar can travel anywhere and trade for value with anyone, without permission.… Read More

Take the Long-Term View in a Late-Cycle Market

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The U.S. inflation story made further inroads this month, with year-over-year price growth for consumers and producers alike hitting multiyear highs. U.S. consumer prices expanded at their strongest pace in more than six years, climbing to an annual change of 2.8 percent in May. Prices for final demand goods, meanwhile, grew 3.1 percent, their strongest… Read More