Blog
Here’s How Far Silver Will Go
Silver has moved above $60 this week. This is a level that naturally prompts investors to stop and reassess their position. Some are considering whether it is the right moment to take profits. Others are asking if they are too late to add to their holdings. To help bring some clarity to these questions, Jan […]
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, […]
Friday Read: The Price of Trust Is Rising
In the 18th Century, Britain discovered a modern miracle: a financial scheme that promised safety, yield, and national prosperity all at once. The South Sea Company would refinance government debt, enrich the public, and, by the logic of the day, turn paper into something close to certainty. Share prices rose, confidence rose faster, and for […]
Silver at $59?: Market Mechanics, Physical Strain, and the Rumours Nobody Can Ignore
Gold and silver are a little softer today on normal profit taking after a strong run. That is not unusual, particularly in silver, where rallies tend to be sharp and the pullbacks can be just as violent. The bigger story is that silver has been one of the standout performers this year, and the pace […]
The Real Cost of Not Holding Gold as 2025 Ends
I’m dropping you a note from the UK, where Christmas events are starting to kick off and the country has entered that familiar annual phase of festive lights, Christmas parties and people insisting they’ve “nearly finished” their shopping. It also happens to be a slightly accidental coincidence that this visit has landed at the exact […]
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 […]
