OPEC continue to say that they can put in a floor for oil at about $60 per barrel, a hard trick considering they control no more than 35-40% of global production. The recent short-term oil …
Why gold is different
Category: Gold
What do falling US house prices mean for gold?
It is now becoming very hard to deny that US real estate prices got ahead of themselves, or that the slowdown in the real estate market is causing drag for the US economy. It should …
Why we need the gold standard
Pick up any introductory economics text, and you’ll see money defined as something that performs three functions: • A standard of value – that is, a generally agreed-upon measurement used to express the price of …
Gold’s not a ‘barbarous relic’, central banking is
How many times have you heard gold described as the ‘barbarous relic’? It is a favourite phrase of gold- bashers everywhere who are trying to make gold the object of derision. Why the gold standard …
How will falling US consumer spending affect gold?
A reader recently sent me an interesting chart that compared the housing industry to the S&P 500 stock index. It clearly showed an incredible correlation between real estate and stocks, and it was so amazing …
What do market highs mean for gold investors?
This article was first published on 8/10/2006 Last week was a busy week on all fronts for market watchers. Metal prices fell hard early in the week but rallied sufficiently by mid-week to offset their …
Will gold hit $1,000 in 2007?
We read that in a recent report Goldman Sachs predicted that gold will average $785/oz through 2007 and maybe they are right. We would not be bold enough to say that, but we would be …
Why gold is not like other metals
As expected, more talk of a slowing US economy caused base metals prices to continue their decline last week and, as expected, falling base metals prices dragged the gold price down as well. Very few institutional …
Is gold’s bull market over?
Gold fell sharply this month. This has disappointed many investors. In fact, many are saying the bull market is over and the days of booming price rises has ended, but the facts indicate otherwise. Gold’s …
Why soaring gold means rising interest rates
Friday 7 April might have seemed like just another chilly day in Britain’s long-delayed spring this year. But events across the Atlantic – in the US bond market, in fact – could make it an …