Articles related to British Pound
 
Mark O'Byrne - gold.ie
Bitcoin or British Pound ‘Pretty Much Failed’ As Currency
– Bitcoin has ‘pretty much failed’ as a currency says Bank of England Carney– Bitcoin is neither a store of value nor a useful way to buy things – BOE’s Carney– Project fear against crypto-currencies or an out of control investing bubble?– Bitcoin will likely recover in value but is speculative and not for widows and orphans– British pound has been a terrible store of value – unlike gold– Pound collapsed 30% in 2016 and down 11.5% per annum versus gold in last 15 years– Fiat currency experiment
Wednesday, February 21, 2018
Bullion Vault
Gold Prices Find 'Support', Silver 'Improving' as 40 of GLD Held by Institutional Investors
GOLD PRICES rallied from a brief dip below $1340 per ounce in London trade on Tuesday, rising against a firm US Dollar as New York traders returned from the long Presidents Day weekend. With China's markets still closed for the New Year of the Dog celebrations, Asian stock markets closed lower while European equities edged higher. Benchmark UK Gilt yields rose above 1.60%, up near t
Tuesday, February 20, 2018
Alasdair Macleod - Finance and Eco.
When will the next credit crisis occur
The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the credit cycle, wrongly believing it is a business cycle. The distinction is important, because a business cycle by its name suggests it emanates from business. In other words, the cycle of growth and recessions is due to instability in the private sector and this is generally believed by state planners and central bankers.This is untrue, because cycles of business activity h
Sunday, February 11, 2018
Bullion Vault
Gold Prices Hit Multi-Week Lows as UK 'Hints' at Rate Rise, US Risks Syria Stand-Off with Turkey
GOLD PRICES bounced $10 per ounce from new 5-week lows against a rising US Dollar in London on Thursday, rallying to $1316 as Western stock markets also fell hard once again. Commodities held flat, but major government bond prices dropped, driving longer-term interest rates higher. Benchmark UK Gilt yields neared the highest since March 2016 – back before the shock Brexit referendum result on qu
Thursday, February 8, 2018
Bullion Vault
Dollar Up, Gold Prices Dip, Silver Betting -29 Ahead of Fed, Jobs Data
GOLD PRICES slipped slightly back on Monday morning in London as the US Dollar surged after 6 straight weeks of losses, writes Steffen Grosshauser at BullionVault. Gold traded $6 below last week's close at $1349 per ounce after touching an 18-month high at $1365 early on Friday. US Treasury bonds meantime extended their New Year 2018 sell-off, pushing up the yields offered to new bu
Monday, January 29, 2018
Bullion Vault
Gold Price $1.10 Below 4-Year Friday High, 'All About' Trump's Dollar 'Devaluation'
GOLD PRICE gains from last Friday of 2.6% slipped to 1.5% against the US Dollar in London trade today, leaving the metal just $1.10 per ounce below a near 4-year high at its weekly close. The Dollar eased back but held half of yesterday's sharp rebound from its lowest FX value since late 2014 after US president Donald Trump tempered "weak Dollar" comments from his Treasury Secretary Steve Mnuchin.
Friday, January 26, 2018
Hugo Salinas Price - Plata.com
  Some Reflexions on History and Economics 
Nicolas Oresme, a Catholic bishop (1320-1382), studied human behavior with regard to money, which in his time consisted of gold and silver coinage; he was perhaps the first to observe that humans attribute varying valuations to the money that comes into their hands. He stated that holders of gold and silver coins prefer to tender their most deteriorated coins in payments, and retain the most bright, shiny and perfect of their coins. Thus, he was the true originator of what has come to be known a
Thursday, January 25, 2018
Bullion Vault
Gold Trading 'Calmer' as China's GDP Accelerates, UK Pound Jumps as Brexit Bill Passed
GOLD TRADING in London saw wholesale prices rally from near 1-week lows versus the Dollar on Thursday as the US currency fell again after new data said growth in China's economy accelerated last year for the first time since 2010. Gold prices popped $5 higher but failed to hold above $1330 per ounce as global equities extended yesterday's new all-time highs in New York's stock markets. Beijing's
Thursday, January 18, 2018
Bullion Vault
Gold Prices Set 16-Week Closing High vs. Jobs-Data Hit Dollar, GLD Shrinks
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London's wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in December at 2.5%, unchanged from November's pace when inflation was seen at 2.2%.
Friday, January 5, 2018
Mark O'Byrne - gold.ie
An Interview with GoldCore Founder, Mark O’Byrne
“Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…” So says GoldCore founder and self-confessed gold bug, Mark O’Byrne. Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now… But before we got to the nitty-gritty, I started by asking him a little about his background: GLENN: How long have you been in the gold business, Mark? MARK: Well, I founded GoldCore more than 14 years ago and it’s been my pass
Thursday, January 4, 2018
Nathan Lewis - New World Economics
Greg Mankiw’s Ten Principles
I thought I would like to do a little work on the theme of the Magic Formula, which is: Low Taxes and Stable Money. We saw that this theme goes back at least as far as Adam Smith. But, it didn’t appear in Applied Mainline Economics (2017), supposedly an updating of Smith’s original concerns for today. December 8, 2017: Applied Mainline Economics (2017), by Matthew Mitchell and Peter Boettke Greg Mankiw, in his popular textbook Principles of Economics, listed Ten Principles that supposedly repres
Sunday, December 24, 2017
Bullion Vault
Gold Price Link to US Rates Weakest Since Mid-2015 as Bond Yields Jump on Trump Tax Bill
GOLD PRICES rose against a falling US Dollar on Wednesday morning, touching 2-week highs at $1266 per ounce despite an overnight jump in longer-term US interest rates after lawmakers in Washington voted to approve President Trump's tax plan. Adjusted for market-based inflation forecasts, 10-year US interest rates typically move opposite to the direction of gold priced in Dollars.
Thursday, December 21, 2017
Bullion Vault
Platinum Price Jumps After Hedge Funds Go Short, Gold 'Depressed' by Trump Tax and Bitcoin
GOLD PRICES edged higher against a falling US Dollar on Monday morning in London as world stock markets rose to fresh all-time highs, writes Steffen Grosshauser at BullionVault. Silver tracked gold prices, also dropping against the Euro and British Pound, while platinum jumped. Primarily used in catalysts to clean diesel engine emissions, platinum added 1.5% in Dollar terms –nearing $907 per oun
Monday, December 18, 2017
Mark O'Byrne - gold.ie
UK Pensions Risk – Time to Rebalance and Allocate to Cash and Gold
– Value of Sterling and increased risks place pressure on pensioners both in UK and abroad– 500,000 British expats face ‘frozen’ pensions– 61% of UK Direct Benefit pension schemes have more money going out than coming in– OECD report finds ‘UK workers face the biggest retirement cliff edge in developed world’– Combined pension deficit of FTSE 350 companies is at 70% of their profits– One in three wealth managers are holding cash for clients in anticipation of a market crash Source: Professionalp
Thursday, December 14, 2017
Rory Hall - Sprott Money
Taking Back Our Sovereignty And Hacking At the Root of TriEvil
This “open letter” needs to be shared with as many people as possible. We are hoping to get publication on some of the largest websites around the world. In order for us to come together we must come together. Please share far and wide. Please send to the appropriate people that you feel would be accepting of this idea and help spread this information and published to a variety of websites. Contact for this project – [email protected] We launch today. The idea is to have each person acquire a
Tuesday, December 12, 2017
Nathan Lewis - New World Economics
Applied Mainline Economics (2017), by Matthew Mitchell and Peter Boettke
Matthew Mitchell and Peter Boettke are academic economists at the Mercatus Center, a think tank associated with George Mason University. I like Mercatus and its work a lot, as it explicitly builds upon and follows the work of people like F.A. Hayek, Adam Smith, and James Buchanan. I don’t follow the academics too closely, but they often have some good insights, so I was looking forward to a book that might summarize some of those insights and let me know where to look for more detail. The idea b
Saturday, December 9, 2017
Bullion Vault
Silver Bullion 'Set to Beat Gold' in 2018 as Both Hit 5-Month Lows, Bitcoin Whips 20 from New Top
GOLD and SILVER prices steadied above 5-month lows versus the US Dollar in London trade Friday, rallying into the weekend as global stock markets rose. The EuroStoxx 50 index of Europe's largest corporations added 1.8% for the week. Commodities edged higher but major government bond prices slipped further from Thursday's drop, when gold fell to its lowest since early July at $1244 p
Friday, December 8, 2017
Bullion Vault
Gold Prices Drop Thru' 2017 Uptrend, Bitcoin +1456 as 'Unseen' China Risks Build
GOLD PRICES cut this year's gain below 9% for US Dollar investors in London trade Thursday morning, dropping to new 4-month lows beneath $1255 per ounce as crypto-currency Bitcoin surged past $15,000 for a 2017 gain of 1,456%. Commodities today slipped overall after Wall Street stock markets closed lower overnight for the fourth session running from last week's new record highs. Copper steadied
Thursday, December 7, 2017
Mark O'Byrne - gold.ie
UK Pensions Risk – Time to Rebalance and Allocate to Cash and Gold
– Value of Sterling and increased risks place pressure on pensioners both in UK and abroad – 500,000 British expats face ‘frozen’ pensions – 61% of UK Direct Benefit pension schemes have more money going out than coming in – OECD report finds ‘UK workers face the biggest retirement cliff edge in developed world’ – Combined pension deficit of FTSE 350 companies is at 70% of their profits – One in three wealth managers are holding cash for clients in anticipation of a market crash Source: Professi
Wednesday, December 6, 2017
Bullion Vault
Gold Prices Down, Bitcoin 'Bubble' Up with Stocks + Dollar on Trump's Tax Plan
GOLD PRICES dipped Monday morning as the US Dollar gained following the Senate's approval of Donald Trump's tax cuts and Western stock markets rose, writes Steffen Grosshauser at BullionVault. The US Dollar briefly touched a 2-week high after the Senate narrowly approved the Republican Party's tax overhaul on Saturday, including plans to slash the corporate tax rate from 35% to 20%.
Monday, December 4, 2017
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