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Three reasons you need your own private Gold Standard, rather than waiting on “sound money” from government.. DID GOLD’s first foray over $1,400 mean we’re going back to a Gold Standard? Nope. Not in the West, nor anytime soon anywhere, and for three simple reasons First, gold prices aren’t high enough. Second, modern governments don’t [...]

It’s 9.03am as your editor begins writing today’s Money Morning. The US market closed down nearly 2%. While major European indices closed down over 2%. In China the CSI 300 index dropped 4.21%. And the futures prices have the Aussie market opening lower by around 70 points. If it does, that would take the index [...]

Back in July, a Chinese credit rating agency called Dagong hit the headlines, criticising the existing ratings agencies for rating China unfairly, and favouring America, despite its mounting debt. At the time, it was hard to not question the company’s own interests, but it was refreshing to at least have another voice in the credit [...]

Three reasons you need your own private Gold Standard, rather than waiting on “sound money” from government.. DID GOLD’s first foray over $1,400 mean we’re going back to a Gold Standard? Nope. Not in the West, nor anytime soon anywhere, and for three simple reasons First, gold prices aren’t high enough. Second, modern governments don’t [...]

Gold is up USD$15.90 to USD$1,409.55. Silver is up USD$0.95 to USD$27.69. And World Bank president Robert Zoellick wrote in Monday’s Financial Times: “The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets [...]

…Will Last… or Won’t Last. If the grinning buffoons on CNBC are an indicator of bull market bubble madness, then the market is set to soar higher. But by the same token, the grinning buffoons are just as much a sign to tread carefully with this market too. Seriously, we haven’t seen so many smiling [...]

The S&P/ASX 200 was higher by 36 points to end the day at 4,698.00. The Reserve Bank of Australia surprised some yesterday by increasing interest rates 25 basis points to 4.75%. The Dow Jones Industrial Average added 64 points to close at 11,188.70. Last night, Federal Reserve members met for November, and the market is [...]

Before we tuck into today’s Money Morning a quick reminder that it’s not too late to secure a special Money Morning discount to The Gold Symposium in Sydney on 8th-10th November. If you want to learn more about the precious metal and what the experts have to say, my opinion is it’s an event not [...]

Why this really isn’t the early ’80s recession replayed… WHATEVER the problem is, a lack of money it ain’t. Just so we’re clear. Quite how more money might help, therefore, we can’t say. Still, that won’t stop the world’s No.1 central bank from creating yet more of the stuff. Not according to Ben Bernanke last [...]

Gold reaches an all-time high and the Aussie dollar reaches 99.94 US cents. That’s the same as Don Bradman’s batting average, according to today’s The Age. Unfortunately, that’s about as good as the mainstream analysis gets when it comes to the Aussie dollar. And you can completely forget any kind of analysis on gold from [...]