Blog
This Silver Market Has Never Existed Before. And That’s the Risk
A very Happy New Year to you, and to the start of 2026. We have no doubt that the year ahead will be an interesting one indeed, and we look forward to speaking with many of you over the coming months about precisely that. If the opening weeks are any guide, this is already shaping […]
Alasdair Macleod- Gold, Silver & the Strain on a Debt-Based System
If you are trying to make sense of why gold and silver behaved the way they did in 2025, this conversation is worth your time. Jan Skoyles recorded this interview with Alasdair Macleod in early-December, at a moment when record prices, official unease, and growing public anxiety are colliding. Gold has moved sharply higher. Silver […]
Here Is Why Gold Is Not in a Bubble
Gold and silver were higher in early U.S. trading, but the price action has the cautious feel of a market holding its breath. Silver is hovering near recent record highs, gold is pushing on, and yet both metals are pausing as the Federal Reserve’s FOMC meeting begins today. By Wednesday afternoon we get the statement, […]
The Shoddy Return on Investment Society
Every year, governments around the world present their budgets, statements or fiscal plans, and each one is framed as a sober exercise in responsibility. In the United Kingdom this week it took the form of the Autumn Budget, but it could just as easily have been Canada’s Fall Economic Statement, an update from the US […]
The Real Cost of Not Holding Gold as 2025 Ends
For many years the mainstream’s principal argument against gold was that it paid nothing. This was repeated often enough that it acquired the status of received wisdom. Investors were invited to observe the metal, observe the income generated elsewhere, and conclude that gold was an interesting but essentially idle asset. That view belonged to a […]
Why Do People Forget This About the Gold Price?
The gold price has continued to hold comfortably above the $4,000 level, even as the latest United States employment figures finally emerged after the 43-day government shutdown, the longest in the country’s history. The delayed release has produced an unusual situation. Investors are being asked to interpret labour data that reflects conditions from September rather […]
Algorithms, Confidence Games and the Fragility of Big Narratives
Every era has its preferred prophets. In the 1920s it was journalists urging households to buy stocks on margin. More recently it was the cryptocurrency evangelists who promised a future where you could buy bitcoin or a banana with the same keystroke. Today we have traded tarot cards for algorithms and convinced ourselves that the […]
Kintsugi and the Cracks in the Financial System
In Japan, when a finely made bowl is broken, it is not discarded or hidden away. It is repaired with lacquer mixed with gold powder, the seams left visible and gleaming. The practice is known as Kintsugi, or “golden joinery”, and it transforms what was once considered ruined into something of even greater worth. The […]
The New Gold War: Why Countries Are Fighting Back
Gold prices declined again early today, following a shift in tone from Federal Reserve Chair Jerome Powell. Although the Federal Open Market Committee lowered interest rates by 0.25 percent as expected, Powell cautioned against assuming further cuts this year. A December move, he said, is “far from a foregone conclusion.” That comment pushed Treasury yields […]
