The 2008 financial crisis marks the return of gold into the international monetary system. It is also the beginning of currency wars. 2008 is also the year central banks stopped selling gold reserves and instead started buying.
"Money is sound when it fulfils its functions as a means of payment and store of value as smoothly and reliably as possible in people's everyday lives. Sound money retains its value and is generally accepted. It also makes an important...
If we look at a graph of the ‘70s gold bull market (graph #1) and superimpose the typical bubble shape, we can clearly see that it closely fits the bubble model but stopping short of a Total Despair Phase. Those like me who lived through...
We can’t speak about the manipulation of the gold price today without understanding the derivatives market. Right after the crash of 2000 in the stock market I became alarmed by the exponential increase of derivative products but...
After the original drop in gold price from the top of $1,920 per ounce in 2011 to $1,180 per ounce in 2013, gold has started a sideways consolidation triangle pattern. Is this a correction, or is it just a pause within a move that will...
India is now, according to The World Gold Council (WGC), the world’s second biggest consumer of gold having been surpassed by China. However, India remains a major player in the gold market. In this article, I will look at the importance...
We cannot understand today’s gold market without understanding the role China and, in a different way, India play in it. The gold market in general is very opaque and the Chinese one, in particular, is even more. In this article, I will...