“Unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions, unrelated to true price valuation,” said SEC chairman Christopher Cox…
November 27th, 2009 | Adrian Ash | 0 comments | ContinuedArchive for Adrian Ash
City correspondent for The Daily Reckoning in London and formerly head of editorial at Fleet Street Publications Ltd, Adrian Ash has been studying and writing about the investment markets for the last 9 years. He is now head of research at BullionVault - giving you direct access to investment gold, vaulted in Zurich, on US$3 spreads and 0.8% dealing fees.
Sweden Remains an Occasional Trail-blazer in Monetary Matters
The world’s first central bank, beating even the Bank of England by 26 years, the Riksbank then copied the Old Lady by when it abandoned the Gold Standard in September 1931. But the Swedes chose to mimic Great Britain before anyone else…
August 19th, 2009 | Adrian Ash | 0 comments | Continued
When Gold Ruled the Earth, Part II
“It took three generations,” wrote a professional metals consultant in Feb. 2009, “but we now seem to have reached the point in the world’s history where, for the first time, gold is valued only for jewelry use and speculation.
April 27th, 2009 | Adrian Ash | 0 comments | Continued
Investors to Drive Next Leg of Bull Market in Gold
So far, so bullish. But why no new high, therefore, in the gold price already this year? Philip Klapwijk attributes gold’s failure at $1,000 back in February to the “astounding” flow of scrap metal coming from cash-strapped consumers worldwide.
April 10th, 2009 | Adrian Ash | 0 comments | Continued
IMF Gold to be Used
What’s more, Mr.Brown’s and the other top 19 world leader have agreed “not 100 billion but $250 billion of trade finance…provided over the next 2 years through export credit agencies, including $50bn through the new World Bank initiatives…”
April 3rd, 2009 | Adrian Ash | 3 comments | Continued
When Gold Ruled the Earth, Part I
NO FOOLING! It doesn’t matter which currency you earn, spend or invest, gold bullion has been the best-performing asset class bar none this decade.
April 2nd, 2009 | Adrian Ash | 3 comments | Continued
Dear Chancellor: Inflationary Facts
Across the final three decades of the last century, in fact, the rate of growth in the money supply and the rate of price-inflation were virtually identical…
March 26th, 2009 | Adrian Ash | 0 comments | Continued
Gold and the Euro Just Hooked Up Together Again
“Gold and the Euro just hooked up together again. But for how long depends on central-bank policy…”
March 23rd, 2009 | Adrian Ash | 0 comments | Continued
Buying Gold, Gossip & Russia’s Tu-160 Bombers
Germany in 1944 could buy materials during the war only with gold,” as Sir Alan of Greenspan said in May 1999. Which might (or might not) explain certain events in the gold and T-bond markets of late. Our thoughts attached…
March 19th, 2009 | Adrian Ash | 2 comments | Continued
Geithner Ex Machina
After all, this was “the gravest global economic crisis in a half-century,” as then-World Bank economist Joseph Stiglitz called it before today’s global crisis showed up. So you needed the best minds, from the biggest and brightest international bodies, to jet in…survey the trouble…prescribe a solution (while signing a check)…and then jet out again, back to whichever hushed corridors they had just emptied.
March 13th, 2009 | Adrian Ash | 0 comments | Continued
