Articles related to Bank of England
Adrian Ash - Bullion Vault
  Brexit, Gold and Harold Wilson's 'Pound in Your Pocket', 50 Years On
How the 1967 devaluation of Sterling killed the Gold Standard... THIS WEEKEND will mark 50 years since Harold Wilson's infamous devaluation of Sterling, writes Adrian Ash at BullionVault. Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the "Pound in your pocket" hadn't been devalued, only its internatio
Saturday, November 18, 2017
John Butler - Goldmoney
Financial crisis dynamics, the ‘shadow’ gold demand, and Mene
The study of financial crises is as old as the economics discipline itself. One of the most prominent theorists of financial crises ever to hold a senior Federal Reserve policy position was John Exter, vice-president of the New York Federal Reserve during the 1950s. Several years ago I co-wrote a series of essays on Exter’s theories together with his sonin- law, Barry Downs. In this paper, building on Exter’s work, including his eponymous ‘pyramid’, I introduce a new ‘hourglass’ framework for un
Friday, November 17, 2017
Alasdair Macleod - Finance and Eco.
Will macro-economists ever learn?
As we lurch through successive credit crises, central bankers and economists believe they learn valuable lessons every time, and that the ultimate prize, the suppression of business cycles through monetary policy, will be achieved.We saw, over Brexit, how wrong the Bank of England’s and the UK Treasury’s models were, and these errors were also evident in the OECD’s model. Brexiteers smelled conspiracy, but in the absence of evidence, perhaps we should give them the benefit of the doubt and assum
Friday, November 17, 2017
Bullion Vault
Comex Gold Sees 'Another Large Sell' as Bullish Silver Betting Grows to 7-Week High
COMEX GOLD contracts recovered a $5 drop against a weakening US Dollar in London lunchtime trade Tuesday, rising back to last week's finish at $1275 after what analysts called another "large sell" order on the futures market. Commodities retreated and bond prices edged higher as world stock markets fell again. Germany's Dax dropped for the fourth session running after the 19-nation Eurozone rele
Tuesday, November 14, 2017
Jan Skoyles - GoldCore
Prepare For Interest Rate Rises And Global Debt Bubble Collapse
– Diversify, rebalance investments and prepare for interest rate rises – UK launches inquiry into household finances as £200bn debt pile looms – Centuries of data forewarn of rapid reversal from ultra low interest rates – 700-year average real interest rate in last 700 years is 4.78% (must see chart) – Massive global debt bubble – over $217 trillion (see table) – Global debt levels are building up to a gigantic tidal wave – Move to safe haven higher ground from coming tidal wave Editor: Mark O’B
Thursday, November 9, 2017
Jan Skoyles - GoldCore
Gold Price Reacts as Central Banks Start Major Change
– Bank of England raised interest rates for the first time in ten years – President Trump announces Jerome Powell as his choice to lead the U.S. Federal Reserve – Most investors outside the US Dollar and Euro see gold prices climb after busy week of central bank news – Inflation now at five-year high of 3% – Inflation, low-interest rate, debt crises and bail-ins still threaten savers and pensioners This week has been a significant week for central banks. The Bank of England raised interest rate
Friday, November 3, 2017
Bullion Vault
Interest Rate Expectations 'Driving Gold Prices' as Fed Holds, BoE Hikes Yet Pound Sinks
GOLD PRICES held or rose near multi-week highs for most investors outside the US Dollar and Euro on Thursday, as the Bank of England followed the Federal Reserve's widely expected "no change" decision by raising UK rates off an all-time record low as analysts and traders had forecast. The Pound fell hard on the UK news, erasing all of this week's prior 2 cent gain to trade back at $1.3050 on what pundits called profit-taking.
Thursday, November 2, 2017
Jesse - Le Cafe Américain
Stocks and Precious Metals Charts -
Put another nickel in In the nickelodeon All I want is having you And music, music, music. Teresa Brewer, Music, Music, Music "A nickel's not worth a dime anymore." Yogi Berra The FOMC did nothing with rates, but remarked that in their judgement the growth in the economy has changed from 'moderate' to 'solid.'   The market is looking for a rate increase at the December meeting. I am solidly willing to speculate that the Fed will flip their judgement faster than a flapjack in a NJ diner in
Wednesday, November 1, 2017
Andy Hoffman - Miles Franklin
Digging Up An Old Story.. Part II
It is the closing of October and the Hollow’s Eve celebrations are in their waning hours. It is in this era of time in which we continue the diggings up of the thesis of Bram Stoker’s Dracula and if the story of the blood sucking vampire was that of a banker. Imo, Bram would have truly been a member of our community, a group that has complete and full trust in Silver and Gold and not the power of print. I finally got my purchase of “Famous Impostors” written by Bram Stoker back in 1910. The book
Wednesday, November 1, 2017
Jan Skoyles - GoldCore
  Stumbling UK Economy Shows Importance of Gold
– UK economy outlook bleak amid Brexit, debt woes and rising inflation – Confidence in UK housing market at five-year low – UK high street sales crash at fastest rate since 2009 – Number registering as insolvent in England and Wales hit a five-year high in Q3 – UK public finance hole of almost £20bn in the public finances set to grow to £36bn by 2021-22 – Protect your savings with gold in the face of increased financial woes in UK This week markets will be watching the UK with baited breath as
Wednesday, November 1, 2017
Bullion Vault
Gold Prices Slip in Big Week for Central-Bank Policy, Trump Campaign Managers Arrested
GOLD PRICES inched lower on Monday morning in London ahead of a busy week for central bank policy meetings, plus Donald Trump's pick for the next head of the US Federal Reserve, writes Steffen Grosshauser at BullionVault. After the European Central Bank slowed its QE stimulus growth last week, the Bank of Japan will announce its latest policy on Tuesday, followed by the Fed on Wednesday and the Bank of England on Thursd
Monday, October 30, 2017
Chris Powell - GATA
Chris Powell: The essentially prohibited questions about the price of gold
Remarks by Chris Powell Secretary/Treasurer, Gold Anti-Trust Action Committee Inc. New Orleans Investment Conference Hilton New Orleans Riverside Hotel Wednesday, October 25, 2017 All you really need to know about gold could have been surmised from a story on the front page of The Wall Street Journal on August 10: In that story the newspaper quoted four experts on the gold market, all of them assoc
Thursday, October 26, 2017
Bullion Vault
Gold Prices Hit 3-Week Low as UK GDP Makes Rate Rise a 'Done Deal', GOP Back Taylor Rule at US Fed
GOLD PRICES fell to the lowest in 3 weeks against all major currencies in London on Wednesday, falling as world stock markets rose after Wall Street set fresh all-time highs despite growing expectations of tighter central-bank policy in the US, UK and Eurozone. UK government Gilt yields jumped to their highest since February followed stronger-than-expected GDP growth for Q3, while US 10-year Treasury yields rose to fres
Wednesday, October 25, 2017
Bullion Vault
Gold Price Slips as Bond Yields Rise But UK Rate Hike 'Not Certain' Despite 5-Yr Inflation High
GOLD PRICES gave back yesterday's bounce against a rising Dollar in London on Tuesday as world stock markets ignored Wall Street's drop, bond yields rose, and a UK policy-maker tried to cool expectations for a hike in Pound Sterling interest rates. America's S&P500 index last night capped a 5-day streak of new all-time record highs by falling 0.4%, led lower by the worst day for multinational General Electric (NYSE:GE) since August 2011 on a
Tuesday, October 24, 2017
Nathan Lewis - New World Economics
God, Gold and Guns
We’ve been looking into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present. The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” that
Monday, October 23, 2017
Antal E. Fekete - Gold University
The Golden Thorn In The Flesh, Part 2
Saturday, October 21, 2017
Mark O'Byrne -
Key Charts: Gold is Cheap and US Recession May Be Closer Than Think
Every year, Ronald-Peter Stoeferle and Mark J Valek of investment and asset management company Incrementum put together the report In Gold We Trust – 160-plus pages of charts and thoughts, mostly gold-related, on the state of the world’s finances. There’s so much to look at and consider. It’s a sort of digital equivalent of a coffee-table book. Yesterday I got an email from them, containing a “best of” – a compendium of some of the best charts from this year’s report. I thought in today’s Money
Saturday, October 21, 2017
Jan Skoyles - GoldCore
How Gold Bullion Protects From Conflict And War
– Gold and silver’s historical role in conflict shaped the world today and the modern financial system – Gold played an important function in the great conflicts up to and throughout the 20th century – Gold and the effective use of bullion played a crucial role in the outcome of the American Civil War – Gold was an important economic agent in both World Wars, conferring a huge advantage on the allies – In a world beset with risks of war both in the Middle East and with North Korea, Russia and Ch
Friday, October 20, 2017
Alasdair Macleod - Finance and Eco.
The productivity myth
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the average Brit’s poor productivity just goes to show how much they need the certain comfort of being in the EU. As Hilaire Belloc put it, we must hold on to nurse, for fear of something worse.Only this week, the OECD came out with a paper repeating its disproved nonsense about the
Thursday, October 19, 2017
Przemyslaw Radomski CFA - SunshineProfits
G30 Banking Seminar 2017 and Gold
On Sunday, there was a meeting of international central bankers. What does it imply for the gold market? After a week of meetings between the World Bank and the IMF, there was the G30 banking seminar. The group of speakers included Janet Yellen from the Fed, the ECB Vice President Vítor Constâncio and Bank of Japan Governor Haruhiko Kuroda. Yellen sounded hawkish, as her “best guess” was that consumer prices would soon accelerate after a period of surprisingly soft inflation. Even though at the 
Thursday, October 19, 2017