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Gold, Goldman Sachs, and the Politics of Prediction: What the Latest Forecasts Really Mean
In the spring of 1933, as the world reeled from the Great Depression, Franklin D. Roosevelt stunned Americans by seizing private gold holdings and decoupling the dollar from its golden anchor (something we discussed, earlier this week). The move was as much about psychology as economics: gold, that ancient store of value, had become a […]
Nothing Makes Sense Anymore (Here’s Why)
We seem to be drifting in a strange calm. Gold has circled around the $3,350 level for three months, silver has held in a narrow band, and traders now wait (at the time of writing) for Jerome Powell’s Jackson Hole remarks to provide direction. A single dovish word could send the dollar lower and real […]
