Drawbacks of gold-backed bonds
My colleague Gillian Tett wrote a nice column today on talk of using the gold reserves of struggling European countries to help lower their financing costs. She highlights a suggestion from the Gold...
View ArticleGold or wheelbarrows full of euros?
The argument for gold is very simple: it is hard money at a time when every other major currency is being watered down by central bank money printing. On that basis, Europeans should have been...
View ArticleAre the goldbugs finally right about inflation?
The most profitable way to be wrong over the past five years was to bet that frantic printing of money by central banks would create inflation – so buy gold. Since the start of 2007 gold has risen at...
View ArticleQE∞
Is it more accurate to refer to QE∞ instead of QE3? Unlike the previous doses of US QE, this campaign of asset purchases has no official limit, and will carry on until the unemployment rate has...
View ArticleControlling inflation with gold vs economists
Gold prices can be volatile The argument for a gold standard is simple: it stops the ravages of political interference with the currency. A dollar was worth the same in 1933 as it had been a century...
View ArticleAsset price momentum always ends
Michael MacKenzie, the FT’s US markets editor, talks about the recent decline in gold prices and the revival of the carry trade and whether the momentum behind these trades can last Continue reading »
View ArticleGetting high on stock market charts
Cue great excitement. All those pre-written articles and commentaries on the S&P 500 passing its previous closing highs can be rolled out, and there is something for the 24-hour TV to talk about...
View ArticleThe woes of gold
Stephen Foley, the FT’s markets correspondent, says a number of forces have combined to sour the outlook for the precious metal, and none of them seem likely to abate any time soon. Continue reading »
View ArticleGood as gold
Spandau Ballet’s 1983 anthem Gold could be the national anthem for the world’s inflationistas. Price action today suggests they should be looking back a few years, perhaps to the Boomtown Rats in 1979,...
View ArticleRecord-breaking gold
Shocking news from Bloomberg for goldbugs (as if they weren’t hurting enough): Gold dropped 23 percent this quarter, heading for its biggest loss since at least 1920Continue reading »
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