Blog
$4000 Gold – This Won’t End Well!
Gold has moved above $4,000 an ounce. For investors, this raises understandable questions. How much higher will it climb? Is it time to take profits? Should you wait for a pullback? Is this the top of the market? In truth, gold’s most recent rise has less to do with excitement and more to do with […]When Money Becomes a Monument to Itself
The United States Treasury is considering a new one-dollar coin to mark the 250th anniversary of the Declaration of Independence. The proposal is genuine, although the design remains a draft. Early sketches feature Donald Trump on both sides: his profile beneath the word Liberty on one, and his raised fist with the slogan Fight, Fight, Fight on the other. […]
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 […]