Gold Money

The relationship between money and prices

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The quantity theory of money and its accompanying equation of exchange are generally accepted as defining the relationship between money and prices.

A detailed look at Bank of England gold

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The London Bullion Market is the global trading centre for physical gold, and the Bank of England holds gold on behalf of other central banks.

Osborne cornered

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On 20 March George Osborne, the UK’s Chancellor, will present his budget.

The Final Countdown

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  Governments have refused to accept the necessity of a period of economic re-adjustment following the credit-bubble. The bubble burst about five years ago and economic progress has been effectively suspended ever since. The consequences of this refusal to accept reality are at a minimum to make this adjustment unnecessarily drawn out and needlessly painful, … Continue reading “The Final Countdown”

Subjective value and currencies

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“The issuer’s promise” is a phrase I have used recently to describe the backing for fiat currencies.

Managed money positions hint at bullish turns for gold and silver

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I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC).

Managed money positions hint at bullish turns for gold and silver

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I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money. According … Continue reading “Managed money positions hint at bullish turns for gold and silver”

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