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America at 250: What Is the Dollar Still Independent From?

America at 250: What Is the Dollar Still Independent From?

This weekend the United States will celebrate 250 years of independence, and it will do so in the manner one would expect; with fireworks, flags, flyovers and speeches. Two and a half centuries is no small achievement for a country that began with a declaration, a war and a robust complaint about taxation. Anniversaries, however, […]
Silver Down 50%: Why The Physical Floor Is Different From The Paper Crash

Silver Down 50%: Why The Physical Floor Is Different From The Paper Crash

Silver has bounced this morning, but the broader question for investors remains unresolved. After falling back into the high-$50s from its January highs above $120, silver has delivered the kind of reversal that naturally raises doubts. At the time of writing, spot silver was trading near $58.96, up around 1.3% on the session, while gold […]
The UK Government Has Just Explained Why People Own Gold

The UK Government Has Just Explained Why People Own Gold

When David Lammy addressed the World Gold Council and London Bullion Market Association this week, he intended to warn his audience about illicit gold. Instead, almost accidentally, he explained why so many people own it. “Unlike cash,” he said, gold “ does not need a bank account, a password or an internet connection.” This was […]
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