Welsh Gold Being Hyped Due To The Royal Wedding? – Welsh gold and the misconceptions surrounding it – GoldCore speak to China Central Television (CCTV) – Welsh gold mired in misconceptions, namely that it is ‘rarest’ and most ‘sought after’ gold in world – Investors to be reminded that all mined gold is rare and homogenous – Nothing chemically different between Welsh gold and that mined elsewhere– Investors led to...
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U.S. withdraws from Iran nuclear deal Oil jumps past $70 Argentina hikes interest rates to 40% S. 10 year disparity Western buying returns to gold Gold and silver both ended slightly up in a week dominated by heightening geopolitical news, weakening inflation data, and emerging market concerns.With gold closing the week at $1,318 (up 0.28%), €1,104 (0.37%), and £973 (0.2%). In sterling, gold was up strongly on Thursday...
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Effects of Monetary Pumping on the Real World As long time readers know, we are looking at the economy through the lens of Austrian capital and monetary theory (see here for a backgrounder on capital theory and the production structure). In a nutshell: Monetary pumping falsifies interest rate signals by pushing gross market rates below the rate that reflects society-wide time preferences; this distorts relative prices...
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See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Waiting for Permanent Backwardation The price of gold dropped 9 bucks, while that of silver rose 3 cents. Readers often ask us if permanent backwardation (when gold withdraws its bid on the dollar) is still coming. We say it is certain (unless we can avert it by offering interest on gold at large scale). They ask is it...
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