Blog
Security Theatre and the Fragility of Modern Money
When I opened my first bank account, the process was straightforward. A signature, a form of identification, perhaps a conversation with the local manager, and one was welcomed as a customer. Today the same relationship requires considerably more formality. Proof of identity, documented addresses, background checks, and rightly so. Any responsible financial institution must verify […]
The Truth About The London Silver Shortage: How Long Will Stocks Last?
Every so often the silver market attracts claims that the vaults in London are about to run dry. It makes for a dramatic headline, but the reality is less dramatic. The latest data shows that silver holdings in London have declined by nearly a third over the last five years. That is not the same […]
Labrador Economics
Anyone who has owned a Labrador knows their weakness. They live life with joy, but when it comes to food, they do not have an off switch. A Labrador will keep eating long past what is healthy, eyes fixed on the bowl, tail wagging. Governments behave much the same way. They arrive with enthusiasm and […]
Gold and Silver Keep Breaking Records… But Are We Still Early?
Gold has surged past $3,770 an ounce. Silver is trading at levels not seen since 2010. The financial media is treating it like a surprise. Analysts scramble for explanations, pointing to last week’s rate cut or softer inflation prints. But these moves didn’t trigger the rally. They simply gave the headlines something easy to print. […]
The Forgotten Freedom: The Freedom of Wealth
The suspension of Jimmy Kimmel’s late-night show in the United States has set off predictable arguments about censorship and free speech. It must be noted that political pressure and regulatory threats alone were enough to silence one of the country’s most established entertainers. It is tempting to see this as the most dangerous frontier of […]
Gold, Silver and the Fed’s Credibility Test
This week, the debate over the future of the Federal Reserve has escalated. Treasury Secretary Scott Bessent has gone beyond urging rate cuts. He has publicly criticised the Fed’s use of quantitative easing, its expanding involvement in regulation, and what he sees as broad mission creep. He and several Trump advisers, including Kevin Warsh and […]
BRICS vs the Dollar: What’s Really Happening Behind the Headlines
Introduction: Cutting Through the Hype Every few months, the same headline makes the rounds: “BRICS to Launch a New Currency, Dollar Doomed.” The problem is, reality is never that simple. Investors get whiplash from the doomsday narrative, but the truth is both more nuanced and more important for your portfolio. The BRICS aren’t about to […]
Gold Exempt. Silver Exposed. The Policy Gap That Could Break the Silver Market.
Silver has moved to multi-year highs at the same time Washington has confirmed an exemption from tariffs for gold bars, while offering no equivalent clarity for silver. The result is less about headlines and more about market plumbing: where metal is held, how it is financed, and how closely paper hedges track physical costs. In […]
Politics at the Fed: What It Means for Investors
The Federal Reserve was not born fully independent, but over the past century it has built its reputation on a principle that has set it apart: the freedom to make monetary decisions without direct political interference. That independence has long been touted as its greatest strength, the cornerstone of its credibility. Yet today, the very […]
