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The Everything Loop
Over the past few decades, we have built perhaps the most sophisticated financial system in history. Capital can move around the world almost instantaneously, risks can be transferred between institutions, and businesses can draw upon enormous pools of money. I call the system that has emerged The Everything Loop. Financial markets have always been connected […]
Why the Money Makers Keep Gold
When the people responsible for creating money explain why they keep gold, I think it’s probably good to pay attention to the reasons they give. At the LBMA conference in Sorrento this week, which GoldCore attended, Bundesbank president Joachim Nagel offered one that was rather more candid than the usual discussion of portfolio diversification. He […]
