The biggest of big pictures

Goldmoney Insights  I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An […]

The Credit Cycle Is On The Turn

Goldmoney Insights – October 11, 2018 We are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the early-1980s. There are enough similarities with the post-Bretton Woods era of the 1970s to give us some guidance as to […]

Apocalypse, Or Not?

Goldmoney Insights Members of the American libertarian movement, particularly extremist preppers, are often associated with a belief that a complete breakdown in society is the only outcome from government economic policies and will lead to complete social disintegration. At the centre of their concerns is monetary destruction, with other issues, […]

The Dollar, Commodities & Inflation

Goldmoney Insights – by Alasdair Macleod We appear to be at a turning point not only for the dollar, but for all commodity markets, including precious metals, as well. The dollar has yet to reflect properly the enormous monetary expansion of recent years, and commodities will be corralled into supplying […]

Valuing Gold In A World Awash With Dollars

Goldmoney Insights Summary In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed or even a foreign central bank. In the very […]

State or Individual

Goldmoney Insights The most important question faced by the human race is almost never addressed in modern times: which should be the master, the state over the individual or the individual over the state? It is particularly relevant today, bearing in mind President Trump is demolishing the established order both […]

Inflation Rearing Its Ugly Head

Goldmoney Insights July 05, 2018 The world of finance and investment, as always, faces many uncertainties. The US economy is booming, say some, and others warn that money supply growth has slowed, raising fears of impending deflation. We fret about the banks, with a well-known systemically-important European name in difficulties. […]

Living Dangerously

Goldmoney Insight Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in an attempt to manage economic outcomes are the result of monetary policy […]

Alasdair Macleod – Gold’s Monetary Rehabilitation

Published on Goldmoney Insights  May 31, 2018 There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s […]

Artificial intelligence, or can machines think?

Published by Goldmoney Insights – May 03, 2018  Artificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, […]

Silver Struggling To Go Lower

Market Updates –  April 06, 2018  Over the week, gold and silver ended up little changed, having rallied strongly on Monday, and drifted thereafter. Gold was unchanged from last Friday’s close to stand at $1325 in early European trade this morning, and silver 3 cents lower to stand at $16.32. […]

Why A Dollar Collapse Is Inevitable

Goldmoney Insights – April 05, 2018 “Naturally, the smooth termination of the gold-exchange standard, the restoration of the gold standard, and supplemental and interim measures that might be called for, in particular with a view to organizing international credit on this new basis, will have to be deliberately agreed upon […]

Is Democracy Dying?

Goldmoney Insights –  By Alasdair Macleod The Death Of Democracy Anyone who thinks democracy doesn’t matter may be in for a rude shock later this year, when we know the result of America’s mid-term elections. The Deep State is on course to take control of Congress. If this happens, it […]

How quickly will the dollar collapse?

Goldmoney Insights January 04, 2018 This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar’s primacy will be challenged […]

China to start trading in oil futures settled in yuan on 18 January

As you know, the yuan oil future contract has been a very important topic, and I was one of the first analysts to anticipate their introduction. See here for the back story. This is a major development, and follows a meeting announced by the Peoples Bank of China: “ On […]

Inflation v Deflation – State Finances

Goldmoney Insights     December 07, 2017 There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs […]

Cryptos may destabilise fiat

The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact that beyond a few European countries and North America, gold is […]

Gold, Goldmoney and Mene

Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its physical properties made it the most enduring medium for […]

America’s Stagflation

The accumulation of monetary policy errors by the Fed is increasingly certain to culminate in the credit crisis that always marks the end of the credit cycle. Credit crises are the result of globally coordinated monetary policies nowadays, so the timing of the forthcoming crunch is not only dependant on […]

Why economists cannot forecast recessions

The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your default assumption should be he or she is simply wrong. Why do I allege this? […]