There are a number of reasons why you as an investor might want to hold gold in your portfolio: it’s a safe haven asset in times of international uncertainty – reaching its peak following the …
I have a wonderful book, published in 1977 and left by an Arabist great uncle. It is called Oil Sheiks: Inside The Supercharged World Of The Petrodollar, by Linda Blandford, and traces the path of …
When I was at university, one of the biggest complaints from professors and the non-finance companies that turned up on the milk round looking for graduate trainees was that the best students wanted to go …
The Federal Open Market Committee voted to keep US interest rates steady at their last meeting, citing concern for the economy in spite of persistently rising prices. Had the European Central Bank not elected to …
As we predicted in a July market update to our clients, on August 8th the U.S Federal Reserve left interest rates untouched. The pause ended the streak of seventeen straight interest rate hikes that began …
Because our work involves copious reading, we often come across a succinct expression that in a few words encapsulates a complex and vitally important subject. This week in his Dow Theory letter, the octogenarian market …
Many investors believe that gold is a hedge against inflation. And, that’s true… but that’s not the real secret of gold… The real purpose of gold is to hedge against government hubris. I won’t get …
Until Thursday’s bomb alert, the pound had been riding at near 18-month highs against the dollar. The press is full of speculation as to whether the $2 mark will be breached any time soon. Certainly, …
Gold pays no interest. It’s just a lump of yellow metal. If the bank is paying you 7% interest on your cash, chances are you’d rather have your money in the bank. It makes sense …
The Federal Reserve has stopped raising interest rates. Therefore, the logical question to ask ourselves is whether their decision has changed anything. I think it has. While the Fed was raising interest rates, one could …